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News

Innovation award short-listing for Pivot3

Pivot 3 : 18 December, 2008  (Company News)
SSI technology innovation award nomination for High Definition Storage for surveillance networks from Pivot3
Pivot3 has been selected for the annual Top 30 Technology Innovations Award published by Security Sales and Integration (SSI). This is the ninth award received for the company's breakthrough approach to clustered surveillance storage.

"It is rewarding to see that storage has earned a top spot in the award line-up, which is a tribute to the strategic nature of storage in the surveillance market," said Lee Caswell, founder and chief marketing officer of Pivot3. "We are honored that a well-known publication such as SSI recognized our impact on the industry. It caps a remarkable year for our company."

"The video surveillance market is poised for substantial growth over the next six years," commented Dilip Sarangan, research analyst with Frost & Sullivan. "In 2007, storage accounted for $1.57 billion in end user spending on video surveillance. In 2013, it is expected to grow to $2.95 billion at a compounded annual growth rate (CAGR) of 12.3 percent from 2007 to 2013. The highest growth in this market is due to increasing market penetration for NVRs and Open Platform Storage systems. These technologies are expected to grow at over 25 percent CAGR between 2007 and 2012."

Out of the products chosen for the award, the editors from Security Sales and Integration noted that "breakthroughs in video imaging and storage, wireless communications, and IP connectivity paced the advances." The Pivot3 storage solution brings significant power, cooling and cost benefits to the customers' environments, while making sure that their data is protected and available at all times.
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