Milestone Systems shares info on direction of the company

by GEOFF KOHL, EDITOR-IN-CHIEF, SecurityInfoWatch.com 

Feb. 18, 2010 -- Milestone Systems is currently holding its MIPS (Milestone Integration Platform Symposium) event in Hollywood, Calif. Earlier in the week, Milestone had hosted technical training and certification classes in Hollywood, but the official MIPS event kicked off on Thursday morning is more designed for manufacturer partners and the business executives from Milestone VARs/integrators.

After being introduced by Chief Sales and Marketing Officer Eric Fullerton, Milestone President and CEO Lars Thinggaard opened the program by providing a financial update on this video management system company. Highlights include the fact that the company saw 20 percent revenue growth in 2009 and "the best December ever." Thinggaard said the financial position of the company was solid: "We have the strongest balance sheets of any company in the VMS industry; and my message for 2010 is full speed ahead."

The company has been full speed ahead lately with driver updates; recent device packs include v4.6 and v4.7 in the last two months, and more device updates planned every other month. Today the company says it supports over 850 distinct IP video devices from some 80 different manufacturers. Fullerton and Thinggaard reiterated the company's support for IP video standards from ONVIF and PSIA. Thinggaard also announced a strong commitment to training; their goal is to train 45,000 people on Milestone solutions in the next 5 years..."

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