Many of us read about a year ago that one of the very few U.S. manufacturers of IP-Cameras –Arecont Vision– had declared bankruptcy. It was assumed at that moment that a private equity firm, Turnspire Capital Partners, was going to purchase the company (or at least all of its assets). But what ultimately happened was a surprise to many and may have been the best thing for Arecont Vision to get back on track.

Costar Technologies, Inc., (OTC:CTSI) of Coppell, Texas, (read more about their management team here…) went to the bankruptcy proceedings and began to outbid Turnspire for Arecont Vision. In July of 2018, Costar ultimately paid $11.25 million plus assumed the outstanding debt for the right to put Arecont Vision back in the video surveillance IP-Camera market.

During these past 12 months, it has been pretty common place to hear from IP-Camera manufacture competitors and resellers of competitive products that ?Arecont Vision is dead.? It would appear that the rumors of Arecont?s death have been greatly exaggerated.

In the months since Costar brought Arecont Vision out of bankruptcy it has moved to newer offices in Glendale; moved production and assembly to an 18,000 sq ft facility in Duarte, CA, opened a new 4,100 sq ft Advanced Technology Center in Clovis, CA, that houses their purchasing, tech support, inside sales, and engineering team, and hired new management and rank and file employees. As of this writing, there were over 12 job openings at the company.

How does that other old saying go:

Source: arecontvision.com