JVC steps up alliance with Milestone Systems

Milestone software embedded in JVC hardware for standalone security solutions.
Victor Company of Japan, Limited (JVC) today announced that it has concluded a partnership agreement with Milestone Systems A/S to expand their collaboration in the field of Internet Protocol (IP) security solutions. A close collaboration between the electronics giant JVC and Milestone Systems has resulted in the release of a new product. The IP video surveillance solution, VR-N900, integrates Milestone software with hardware from JVC.

"Milestone Systems is the global market leader for IP video surveillance software and the perfect choice for us as a partner. The aim of this partnership is to develop and market innovative IP security systems on the global market," states Toshiya Ogata, Senior Staff Manager, JVC, Japan.

Lars Thinggaard, CEO, Milestone Systems commented: "By integrating Milestone software technology with JVC’s hardware technology, you get the best of both worlds. At the same time both companies will gain mutual benefits from joint marketing efforts in the global market for security systems."


On the market in March 2007

The new Network Video Recorder (NVR) is set to be launched by JVC in Japan, Europe and the Americas in March 2007. VR-N900, as the new joint product is called, is a pioneer in innovative, standalone IP security systems that will enable recording, viewing and searching images from both traditional analog systems and modern IP cameras - without having to use a separate PC.

The new Network Video Recorder (NVR) is set to be launched by JVC in Japan, Europe and the Americas in March 2007. VR-N900, as the new joint product is called, is a pioneer in innovative, standalone IP security systems that will enable recording, viewing and searching images from both traditional analog systems and modern IP cameras - without having to use a separate PC.
In 2006, the world market for IP video surveillance software experienced an astonishing growth of 45%, and the market is estimated to continue to grow at an average annual 37.6% through 2009, according to IMS Research. By 2010 the market for network cameras and IP video surveillance is estimated to reach $2.6 billion, of which up to $500 million will be for software alone.


Partnership since 2005

The first alliance between JVC and Milestone Systems goes back to 2005 with an agreement that JCV could market Milestone software on the European markets. The partners at that time were a quartet consisting of Cisco, Verint, JVC and Milestone Systems. The scope of the partnership with JVC was expanded in 2006 to include product development. Under the new partnership, JVC will also commit to market Milestone software in Japan.