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News

Milestone Included In Security 50 Listing For 2010

Milestone Systems : 09 December, 2010  (Company News)
XProtect Video Management System producer reaches the top ten security companies for profit growth this year


Milestone Systems is listed in the 2010 Security 50 list recently announced by A&S International. In addition, Milestone ranked number 5 in their list of ‘Top Ten Companies for Profit Growth’. After many months of data collection, the 2010 Security 50 by A&S International has been announced. This annual accolade includes industry leaders from the product categories of Video Surveillance, Access Control, Biometrics, and Intrusion Detection. It ranks product sales of manufacturers, excluding installation, integration, distribution and resale income. The report has extra significance because the recent financial downturn brought negative repercussions with slumping sales after a decade of meteoric growth. A supposedly recession-proof industry found itself in challenging times - several companies closed, unable to make ends meet: '…leaving behind qualified players with sound financial practices and competitive product offerings. Solution providers who offered unique value grew, despite trying circumstances. In these dire times, the Security 50 ranking identifies the leaders of security. We salute them for generously sharing their financial data, time and experience, and for shedding light on how to keep a business sustainable. These professionals make a difference in security by giving their best in the worst circumstances,' states A&S on their website. Despite the tough conditions in 2009 with the recession decreasing budgets and driving prices down, ten companies managed to rise above the challenges with robust revenues. A&S examined their growth factors and differentiators for success to find out how they performed so well and where they found ‘blue oceans’ in a time of drought. Eight of the Top Ten Companies for Profit Growth were in video surveillance, including European-based Network Video providers Axis Communications, Milestone Systems and Mobotix. Asia also showed strength with Hikvision Digital Technology and a few others. All ten companies posted double-digit growth in profits. IP Video software provider Milestone Systems placed number five in this top ten list, reporting profit growth of 18.7 percent in 2009. 'In the US, we are doing particularly well in education, transportation, city surveillance and industrial sectors, with retail slowly coming back, as well,' says Lars Thinggaard, President & CEO, Milestone Systems. 'In Asia and Europe, government stimulus packages are influencing major infrastructure projects that require constant monitoring.' Training is an essential ingredient for the success of Milestone channel partners. Certifications ensure that installers and users reap the full benefits of the Milestone XProtect management solutions. Thinggaard adds: 'For cost and efficiency reasons, we started working with Connex International for specialized training in the US in 2009, and this year we also invested money in the company, further expanding and strengthening presales and product services worldwide.'


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