Written by Eifeh Strom, Editor, A&S International
In the past few years the security industry has witnessed several major M&As involving VMS companies. These M&As have come in the form of hardware companies acquiring VMS companies (e.g., Canon Europe acquiring Milestone Systems, Panasonic acquiring Video Insight, and Tyco acquiring Exacq Technologies) and one VMS company acquiring a fellow VMS (e.g., OnSSI acquiring SeeTec).
More Investment, More Support
For those that have been acquired by larger companies, the benefits are obvious: more investment and more support. These two things are exactly what Mike Taylor, Director of Sales for North America at Milestone Systems, highlighted. The acquisition of Milestone Systems by Canon Europe last year sent shockwaves through the security industry, as the number one VMS company globally, best known for their commitment to an open platform, had been acquired by a relative no one in the security industry, Canon Europe. However, this marriage, according to Taylor, is nothing but beneficial to Milestone. "For us, there is additional investment which brings with it new growth opportunities in head count. We've changed our structure for the new year as to how we're going to market. And by having that additional investment it's given us the opportunity to add significant new roles, as well as upgrade our talent."
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