Arecont Vision Costar announces the addition of sales and technical resources with two new hires. Matt Bernfeld has been appointed as the Regional Sales Manager for the US Mid-Atlantic Region. Mark Wicinski has joined the company as a Field Application Engineer for the US East and Canada regions.
Arecont Vision Costar announces the addition of Bongiorno and Associates, Inc. as a new Authorized Manufacturer’s Representative. The company will provide additional sales resources to the Arecont Vision Costar team in the North Eastern United States, including the New York City Metro Area. Bongiorno and Associates, Inc., headquartered in Woodbridge, NJ, is well positioned to support and grow sales activity with customers and partners throughout the North Eastern US, and in particular the NY metro region.
Arecont Vision Costar announces the promotion of a key staff member and the addition of skilled new sales resources to improve customer and partner support across several international growth regions. The company, a business unit of Costar Technologies, Inc.(OTC Markets Group: CTSI), is increasing its presence in Europe, the Middle East, and India through strategic hiring. The international sales organization has its regional headquarters in Dubai, United Arab Emirates, and is responsible for all worldwide Arecont Vision Costar sales and support activities outside of the Americas.
Arecont Vision Costar announced its key product portfolio, business plans, and executive leadership team following the initial launch of the business in July, 2018. The new company is a business unit of Costar Technologies, Inc., a Coppell, Texas-based corporation that designs, develops, manufactures, and distributes a wide range of proven products for the video surveillance and machine vision markets. Arecont Vision Costar continues to base its headquarters, R&D, manufacturing, and support facilities in Glendale, California in Los Angeles County.
Eagle Eye Networks and Arecont Vision Costar announced a partnership for supporting next generation Arecont Vision MegaIP cameras on the Eagle Eye Cloud VMS. Additional Arecont Vision camera families will be added per customer requests going forward. The Eagle Eye Cloud VMS supports a wide variety of IP, Analog, and HD-TVI cameras from hundreds of manufacturers. Arecont Vision Costar is the leading US-based manufacturer of high-performance IP cameras and video surveillance solutions.
The Arecont Vision® video surveillance solution is designed for traditional stand-alone video surveillance with ConteraVMS® video management system software, ConteraCMR® cloud managed recorders, & both ConteraIP® and Mega™ cameras. Adding ConteraWS® web services brings the synergy of local and cloud-based video surveillance. The Arecont Vision Total Surveillance Solution powered by Contera® delivers the fusion of Arecont Vision Contera and Mega IP cameras with modern video management system software, a selection of advanced NVRs and recorders, and powerful cloud based management.
Arecont Vision® announced today that the acquisition by Costar Technologies, Inc. (OTC markets Group: CSTI) of its assets has been approved by the bankruptcy court. It is anticipated that the sale will close on July 13, 2018. As previously announced, Arecont Vision initiated proceedings under chapter 11 of the United States Bankruptcy Code in the District of Delaware in May, 2018 and has achieved its goal of moving through this process quickly.
Arecont Vision®, the industry leader in IP-based megapixel camera technology and video surveillance solutions, will demonstrate the company’s new Total Video Solution here at IFSEC International 2018. Arecont Vision executives will join members of the European sales team in stand D400, June 19–21, 2018 at the ExCeL, Royal Victoria Dock, London, UK. A presentation of Arecont Vision’s remote setup technology will also be on the conference agenda. IFSEC 2018 will be the first public unveiling in Europe of the Contera VMS® Video Management System, ConteraWS® Web Services, Contera CMR® Cloud Managed Recorders, and ConteraIP® megapixel cameras that were announced earlier this year.
Arecont Vision® announced that it has executed an asset purchase agreement with an affiliate of Turnspire Capital Partners, LLC under which Turnspire will acquire substantially all of the Company’s assets. As previously announced, the Company has initiated proceedings under chapter 11 of the United States Bankruptcy Code in the District of Delaware to facilitate the Purchase Agreement and substantially reduce its debt. The Company has also filed a bid procedures and sale motion with the Court. The Turnspire bid will be subject to an auction at which it will be subject to higher and better offers, and requires Court approval.
Arecont Vision® announced that it will execute an asset purchase agreement with an affiliate of Turnspire Capital Partners, LLC under which Turnspire will acquire substantially all of the Company’s assets. To eliminate the company’s debt, the Company has initiated proceedings under chapter 11 of the United States Bankruptcy Code in the District of Delaware, from which it expects to emerge with a clean balance sheet and fresh capital.