Lorex Technology Inc News

For businesses today, loss prevention is no longer just about safeguarding inventory from theft. While retail theft makes frequent headlines in the United States, and is indeed the leading cause of shrinkage, The National Retail Foundation (NRF) has reported that process failures, operational inefficiencies and employee theft also drive significant losses. Legacy security systems In 2022, the shrink loss is estimated to be $ 120 billion in the United States, and that’s for reta...

Videoloft is bolstering its presence in the United States by hiring new U.S. based sales staff and integrating with established brands in the US market, including Digital Watchdog, exacqVision, Vivotek and Lorex. Videoloft focuses on transforming traditional professional surveillance systems into cloud connected solutions via the Videoloft Cloud Adapter. The company was born from the innovative technology created for the Manything app in 2012, which turned old smartphones and tablets into ad-ho...

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...