|By PR Newswire||
|April 25, 2014 05:01 AM EDT||
COPENHAGEN, Denmark, April 25, 2014 /PRNewswire/ --
World leading IP video management software company posted a positive Annual Report for 2013, underlining the scalability of its unique open platform business model.
Milestone Systems reported 2013 revenues of DKK 407 M (EUR 54.6 M), up 28 percent from DKK 318 M (EUR 42.7 M) in 2012, outperforming an otherwise strong overall projected market growth rate of approximately 20 percent. This is a continuation of a strong track record: Milestone Systems revenues have grown close to 30 percent on average per year since 2007.
The strong revenue growth was achieved without compromising profitability. Operating income before depreciation and amortization (EBITDA) rose to DKK 90 M (EUR 12.1 M), an 81 percent increase from the DKK 50 M (EUR 6.7 M) reported in 2012. Due to the scalability of its operations, the EBITDA margin increased to 22.1 percent from 15.6 percent in 2012 and net income was DKK 34 M (EUR 4.6 M) compared to DKK 10 M in 2012 (EUR 1.3 M).
The increase in revenues was due to strong performance in all geographies and improved efficiencies with the channel partners who sell and install Milestone video management software. 2013 also saw solid growth in the number of solution partners who develop third-party integrations with the Milestone open platform. The increase in earnings is a result of the Milestone strategy at work with an operational leverage kicking in throughout the cost base.
"We are very proud of these results. This clearly shows our ability to deliver solid topline growth and at the same time improve profitability, underlining the scalability of our unique open platform business model. We are capitalizing on the Milestone brand strength while exponentially scaling out its reach with our broad ecosystem of partners," said Lars Thinggaard, President and CEO, Milestone Systems.
In 2013, Milestone also invested DKK 61 M (EUR 8.2 M) in research and development (R&D) that was capitalized as a key priority that supports the ambition of being a world-class innovator and technology leader, driving the transition from analog to IP-based video surveillance.
"We are at a tipping point in the transition from analog to IP video surveillance, and we believe that open platform video management software is key in this development. In combination with the market opportunities beyond surveillance, i.e. within education, healthcare and business analytics, I am confident that we can continue to successfully develop the company," Lars Thinggaard said.
Industry analysts expect continued growth in the video surveillance market. In tack with this, Milestone Systems aims to further strengthen its global market leadership position by continuing to expand its competitive portfolio of innovative surveillance offerings through its international ecosystem of channel partners, camera vendors, technology and solution partners.
Milestone Systems: January 1 - December 31, 2013
(DKK and EUR millions) 2013 2012 Change DKK 407 M / DKK 318 M / 28 % Revenue EUR 54.6 M EUR 42.7 M DKK 90 M / DKK 50 M / 81 % EBITDA EUR 12.1 M EUR 6.7 M EBITDA margin 22.1% 15.6% + 6.5 %-points DKK 34 M / DKK 10 M / 240 % Net income EUR 4.6 M EUR 1.3 M Average number of employees 389 351 11 %
About Milestone Systems
Founded in 1998, Milestone Systems is a global industry leader in open platform IP video management software, according to IHS Research. The technology delivers powerful surveillance that is easy to manage, reliable and proven in thousands of customer installations around the world. With support for the widest choice in network hardware and integration with other systems, Milestone provides best-in-class solutions to video enable organizations - managing risks, protecting people and assets, optimizing processes and reducing costs. Milestone software is sold through partners in 130 countries and with more than 100,000 solutions deployed globally. For more information, visit http://www.milestonesys.com.
Everyone wants to use containers, but monitoring containers is hard. New ephemeral architecture introduces new challenges in how monitoring tools need to monitor and visualize containers, so your team can make sense of everything. In his session at @DevOpsSummit, David Gildeh, co-founder and CEO of Outlyer, will go through the challenges and show there is light at the end of the tunnel if you use the right tools and understand what you need to be monitoring to successfully use containers in your...
Apr. 28, 2017 04:30 AM EDT Reads: 2,174
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Apr. 28, 2017 03:15 AM EDT Reads: 903
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Apr. 28, 2017 03:00 AM EDT Reads: 6,204
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
Apr. 28, 2017 02:30 AM EDT Reads: 1,358
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Apr. 28, 2017 02:30 AM EDT Reads: 759
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
Apr. 28, 2017 01:15 AM EDT Reads: 9,255
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Apr. 28, 2017 01:15 AM EDT Reads: 8,967
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Apr. 28, 2017 12:45 AM EDT Reads: 1,679
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Apr. 28, 2017 12:15 AM EDT Reads: 812
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Apr. 28, 2017 12:15 AM EDT Reads: 1,369
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Apr. 28, 2017 12:00 AM EDT Reads: 16,329
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Apr. 27, 2017 11:30 PM EDT Reads: 2,302
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Apr. 27, 2017 10:45 PM EDT Reads: 2,432
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Apr. 27, 2017 10:30 PM EDT Reads: 2,453
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Apr. 27, 2017 10:30 PM EDT Reads: 1,306