Lorex Technology Inc News
A major industry player is getting even bigger. FLIR’s acquisition of DVTEL will make FLIR a full-spectrum security systems provider, covering the consumer, SMB, Enterprise and large infrastructure segments of the market. The acquisition of DVTEL strengthens and broadens FLIR’s Enterprise market segment, complementing the existing security product lineup by offering a new set of software-based video surveillance technologies. FLIR already has solutions at either end of the tradition...
Imperial Capital estimates DVTEL has revenues of $35 to $45 million, growing at well over 10 percent annually On 30th November 2015, FLIR Systems announced it acquired DVTEL Inc., a provider of enterprise-class security and video surveillance solutions, for $92 million in cash. Commenting on the transaction, Imperial Capital views the announcement very positively. DVTEL is a leader in software and hardware technologies for advanced video surveillance. Imperial Capital estimat...
FLIR® branded products will be introduced through Digimerge’s network of major security distributor partners FLIR Systems, the world’s leading innovator and supplier of thermal imaging technology, has acquired Lorex Technology, and its subsidiary company Digimerge Technologies. FLIR® branded products will soon be introduced through Digimerge’s well-established network of major security distributor partners, and will quickly grow to include a full line...
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