Global Citizenship: What I’ve Learned About the American PCB Business
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
Cemtrex Acquires Stake in Vicon Industries
March 26, 2018 | Cemtrex Inc.Estimated reading time: 1 minute
Cemtrex Inc. has entered into an agreement to acquire ownership of approximately 46% of the outstanding common stock of Vicon Industries Inc., a New York-based provider of mission critical security and video surveillance systems.
Cemtrex CEO and Chairman Saagar Govil commented, "This transaction represents a strategic investment for the company as we continue to expand our operations into long term growth markets. Vicon is a strong brand in the security & surveillance market, with a great new product, Valerus, in an expanding market that is ripe for continued innovation. We are looking forward to leading Vicon to long term success."
Since 1967, Vicon has been a leading manufacturer of mission-critical security surveillance systems. Vicon is focused on providing solutions that are engineered not just for performance and features, but for simplicity in deployment, operation and maintenance. Vicon's mission is to serve as a valued security technology partner to their customers by reducing security solution complexity, ensuring a superior experience.
According to MarketsandMarkets, the video surveillance market was valued at $30.37 billion in 2016 and is projected to reach $75.64 billion by 2022, at a CAGR of 15.4% between 2017 and 2022. The market is segmented on the basis of ecosystem (cameras, monitors, storage and software), application areas and geographical regions. The rising security concerns, along with the need for highly efficient, time-saving surveillance systems at affordable costs, is one of the pressing matters to be looked upon in the industry. The effort to deliver such solutions, along with the growing application across various verticals, is acting as one of the major drivers for the video surveillance industry.
Share on:
Suggested Items
Romania Becomes the 20th Member of the F-35 Global Alliance
11/21/2024 | Lockheed MartinThe Government of Romania confirmed today its intent to procure 32 Lockheed Martin 5th Generation F-35 Lightning II aircraft by signing a Letter of Offer and Acceptance (LOA) through a U.S. government Foreign Military Sale.
DARPA Taps RTX to Strengthen Cyber Resiliency
11/11/2024 | RTXRTX's BBN Technologies was awarded a contract to support DARPA's Compartmentalization and Privilege Management, or CPM, program. The CPM program aims to enhance cyber resilience by automatically subdividing software systems into smaller, secure compartments, preventing initial breaches from escalating into successful cyberattacks while maintaining system efficiency.
SIA Statement on Election Results
11/08/2024 | SIAThe Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer regarding this week’s election results.
Security for Embedded Systems: Swissbit Presents the Security Upgrade Kit
11/07/2024 | SwissbitCyberattacks are increasingly affecting embedded systems, whose design and long lifecycles entail special security requirements. Regulatory authorities worldwide are responding to this growing threat with regulations such as the upcoming Radio Equipment Initiative (RED) or the Cyber Resilience Act of 2027.
Despite Regional 200x Funding Differences, Post-Quantum Readiness Won’t Hinder eIDAS Unity
11/05/2024 | ABI ResearchPost-Quantum Cryptography (PQC) inevitably has an outsized impact on a technology remit covering many trust service use cases, with cryptographically robust signing acting as the market's core. Without this, there is no trust and, therefore, no Electronic Identification and Trust Services (eIDAS).