Milestone Systems Delivers Four Years of Record-High Net Revenue
Milestone Systems delivered record-high net revenue of 1.69 billion DKK (approx. $244.9 million) in 2023, according to the newly released Annual Report. The Copenhagen-headquartered company celebrated 25 years in business in February 2023. During its anniversary year, Milestone made significant strides in delivering on its growth strategy, particularly in key industries such as healthcare and hospitality.
Pimloc Integrates Secure Redact into Milestone Systems XProtect VMS
Pimloc to announce its successful integration with Milestone Systems XProtect video management software (VMS). Now available on Milestone Systems’ Technology Partner Finder, this offering marks a significant step in enhancing video surveillance and redaction capabilities, helping safeguard the safety and security of businesses and communities.
Quanergy Integrates Q-Track into Milestone Systems XProtect VMS
Quanergy Solutions, has integrated its solution that brings the power of 3D LiDAR detection, tracking, and classification into Milestone’s XProtect VMS. The integration directly connects Quanergy’s Q-Track to Milestone’s XProtect VMS and allows Q-Track to send valuable, actionable insights in the form of hyper-accurate alarms/events as well as object location, both relative and absolute, to Milestone’s XProtect VMS.
Video Software Firm Milestone Systems Delivered Double-digit Growth in 2022, According to the Danish Company’s Newly Released Annual Report.
The Copenhagen-headquartered technology company recorded an all-time high annual net revenue of 1.5 billion Danish kroner (DKK), a 30% increase compared to 2021. Milestone reported a pre-tax profit of 11 million DKK in 2022. The company aims to more than double its 2021 revenue by 2026 as part of an ambitious growth strategy.
Milestone Systems Introduces New Xprotect Incident Manager
In the latest product update of Milestone System’s XProtect 2022 R2 video management software, Milestone introduces several new features and capabilities. These include managing and monitoring incidents with the click of one button, offering the Essential+ version of XProtect on AWS Marketplace starting on July 5, and improving license plate recognition to include style recognition. With this latest product update, Milestone Systems continues to raise the bar on higher performing video technology software and meet the market’s rising demand for comprehensive, best-in-class, turnkey video technology solutions.
Milestone Systems Introduces Management Server Failover
In the latest product update of Milestone System’s XProtect 2022 R1 video management software, Milestone introduces several new features and capabilities. These include the Management Server Failover solution; single sign on in XProtect; and a new selection of choices ranging from multi-live streaming, adaptive streaming, and direct-streaming. With this latest product update, Milestone Systems continues to raise the bar on higher performing video technology software and meet the market’s rising demand for comprehensive, best-in-class, turnkey video technology solutions.
Seoul Robotics Debuts 3D Plug-In with Milestone Systems XProtect Video Management Software
Seoul Robotics announced its SENSR plug-in integration with Milestone Systems XProtect VMS. With this plug-in, customers using Milestone VMS will have access to both 2D and 3D visuals within the XProtect dashboard, enabling a deeper understanding of activity within defined spaces while minimizing the number of false positives. This is a breakthrough plug-in for the XProtect platform, making 3D computer vision and its corresponding 3D sensors like LiDAR more affordable and accessible.
Milestone Systems Introduces Developer Champions Initiative
Milestone has selected five international technology professionals from the Milestone Developer Community, who will be the first to carry the prestigious title of Developer Champion. Software developers are a vital part of Milestone Systems’ open platform community. They use the Milestone Integration Platform SDK to develop applications and capabilities that plug in to the XProtect VMS product family. Milestone already offers a variety of initiatives for developers such as the Milestone Developer Forum.
Milestone Systems Welcomes Bill Rainey as New Vice President
Milestone Systems announce the appointment of Bill Rainey as Vice President for Channel Sales Strategy. To meet aggressive growth ambitions, Milestone is expanding its Global Sales team with several, new functions and has appointed Rainey to lead Channel Sales Strategy. The new organization is designed to empower Milestone’s strong partner community to sell true business outcomes to customers. Rainey will oversee and drive channel sales strategy as well as the design and implementation of high value partner engagement and enablement programs.
BCD Debuts Harmonize iDRAC Plug-In with Milestone Systems XProtect VMS
BCD International and BCDOEM announced its Harmonize iDRAC plug-in integration with Milestone Systems XProtect video management software (VMS). iDRAC, which stands for Integrated Dell Remote Access Controller, is a health monitoring agent for secure remote and local server management, powered by Dell Technologies, that resides on BCD servers and appliances.
Milestone Systems Creates New Technology Partner Area Focused on Co-created Innovation
Milestone Systems creates new Technology Partner area focused on co-created innovation with the Milestone Community. This area will focus on scaling, strengthening, and deepening the co-created innovation and collaboration with technology partners. Co-created innovation accelerates time to value which enables the growth of our combined businesses. To lead the new Technology Partner area, Milestone Systems is promoting Keven Marier to Vice President of Technology Partners.
Milestone Systems Announces Thomas Jensen as New CEO
After an extensive search for the right candidate for the CEO position at Milestone Systems, the Board of Directors is delighted to announce that Thomas Jensen has accepted the role. With his background in Hewlett-Packard and most recently in Europe’s largest IT integrator company Bechtle, Thomas Jensen is an executive leader with a strong global footprint that includes P&L responsibility for international businesses in software and hardware.
Milestone Systems Surpasses DKK 1 Billion Revenue
With an annual growth rate of 14 percent over the last five years, Milestone Systems’ net revenue increased to DKK 1.03 billion in 2019. The operating income was DKK 124 million compared with DKK 194 million the previous year, a planned consequence of increased investments in innovation and development. The positive revenue development primarily derived from an increase in license and Care™ sales. Moreover, Milestone Systems continued to increase sales in all its markets.
Milestone Systems Withdraws From Expo Seguridad Mexico 2020
Milestone Systems withdraws from 2020 Expo Seguridad Mexico, the largest exhibition for security products and solutions in Latin America. Due to recent developments of COVID-19 in Mexico as reported by the Mexican Ministry of Health, Milestone is enacting this proactive health measure. Milestone is presently cancelling all its events in April 2020 and will continue to monitor how COVID-19 unfolds.
Milestone Systems A/S’ CEO resigns after 17 successful years
Milestone Systems announces that Lars Thinggaard, President and Chief Executive Officer, has decided to leave the company. As a result, the Board has started an open search to appoint a successor to Mr. Thinggaard. During the intervening period, Lars Larsen, Milestone Systems’ Chief Financial Officer, will serve as Interim CEO. Lars Thinggaard has been President and CEO of Milestone Systems for 17 years.
Milestone Systems Launches the Documentation Portal
Milestone Systems released a new online Documentation Portal as part of 2020 R1. XProtect VMS and Husky Network Video Recorder manuals and guides are now available in an easily searchable online format in one convenient portal. On the Documentation Portal, users can search by product or for a specific topic across all manuals and guides, removing the obstacle of looking through numerous manuals to find the right answer.
The Boring Labs Becomes Milestone Systems’ Gold Technology Partner
The Boring Labs announced that it has achieved the designation of Gold Technology Partner by Milestone Systems. The Boring Toolbox is a series of functional tools that help enterprises and integrators more efficiently manage distributed video surveillance /security networks using Milestone Systems XProtect Express+, Pro+, Expert and Corporate. Integrating The Boring Toolbox with Milestone Systems takes the tediousness out of managing and reporting for large video management estates
Milestone Systems Introduces the Xprotect Troubleshooting Assistant
Milestone Systems has released the troubleshooting assistant for partners and customers using Milestone XProtect video solutions. Video management systems today are not only used to protect people and assets, but also to help optimize businesses and improve the way people live and work. Milestone Systems’ open platform video management software (VMS) makes these innovations easily available to a wide range of integrator, consultant, and end-user customers.
Milestone Systems Appoints New Vice President for People, Organization and Site Operations
Milestone Systems announces Ditte Høyrup-Myhre as its new Vice President, People, Organization & Site Operations. People, Organization & Site Operations team is responsible for organizational development, talent management, performance management, employer branding & recruitment, HR administration and onboarding & offboarding, among others. Ditte Høyrup-Myhre will oversee several critical People & Organization initiatives within Milestone Systems.
Milestone Systems Introduces Centralized Search
In the latest product update of Milestone XProtect 2019 R3 video management software, Milestone Systems introduces several new features and capabilities. These include centralized Search, a new Driver Framework, adaptive streaming, and enhanced Device Password Management. With this product update, Milestone Systems continues to pursue ever higher performing software to fulfil the market’s rising demands for cost-effective video technology solutions.