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 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 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 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.
Milestone Systems is hosting the 2020 Milestone Integration Platform Symposium conference, in Dallas, Texas on February 17-19, 2020. Partners, customers and influencers are invited to register for the special two-day event. Milestone will feature a variety of speakers and topics, including TEDx speaker Anders Sorman-Nilsson, and one of the Top Ten Futurists in the world, Gerd Leonhard. The event will also include an exhibition pavilion featuring products and programs from leading partners.
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.
CSI Protect announced that the first forensic Criminal Tagging System, from SelectaDNA, in all of Florida has been installed at Raptis Rare Books on Worth Avenue, Palm Beach, Fla. The system was installed by CSI Palm Beach, a Certified Dealer for CSI Protect. The high-tech crime-fighting technology utilizes forensic marking to stealthily tag criminals with an invisible forensic mist. The solution remains on a criminal’s skin and clothing for weeks to months.
Using increasingly sophisticated technology to keep cities safe and running smoothly is now a reality, thanks to advances in artificial intelligence (AI), machine learning, data, cloud computing, and powerful video management systems (VMS). For the first time, Milestone Systems will attend the Smart City Expo World Congress in Barcelona to share how video technology can transform cities’ safety and even help in reaching climate goals.
IONODES announces the launch of the first hybrid cloud video recording appliance verified under the Milestone System Builder Program. The device offers local and cloud recording capabilities and numerous cloud function available through the IONODES Video Cloud mobile application. The HVR8 provides a simple way to deploy a powerful Milestone XProtect video solution locally with the benefits of the cloud platform and the free iOS and Android mobile apps.
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.
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.
Milestone Systems has built an open platform for vision-based technology software working with applications that create benefits across areas such as security, transportation, emergency response, traffic optimization and even in wildlife. The Milestone Community Kickstarter Contest is a unique opportunity for coders, developers, individuals and organizations to discover new applications and capabilities that that can “plugin” to the XProtect® VMS product family.
The appointment of Ritesh Deokar is a strategically important move for the company, adding valuable experience and expertise which complement Milestone Systems’ ambitious expansion plans in the region. Ritesh joins the company from a senior management position at L&T, where he was responsible for Global Alliances. Prior to that, he was employed as National Alliance manager at Wipro Limited.
Milestone America announced a number of changes to its staff to keep pace with its expanding their operations in America. The changes include twelve new hirings and eight promotions which includes Michael Gaul who is now the Americas Director of Technical Operations and Matt Fishback who is promoted to Head of Commercial Partner Excellence as well Jeremy Scott is taking the new role of National Sales Manager for Milestone Americas North.
The first forensic science-based crime prevention system in New York State was installed at luxury Swiss watch manufacturer, Richard Mille. The technology, the Intruder Spray System from SelectaDNA, utilizes forensic science to reduce burglary, robbery and high-value theft by a documented range of 40 to 86 percent. The cutting-edge technology was installed at the flagship boutique, located on ‘Billionaire’s Row’ on 57th Street in Manhattan.
PlateSmart has partnered with video management software platform provider Milestone Systems since 2016. Recently, the two organizations enhanced their relationship when PlateSmart earned Milestone Gold Partner classification. The PlateSmart ARES® automatic license plate recognition (ALPR) solution, which is camera-agnostic and software-only, integrates seamlessly with the Milestone XProtect® VMS. This allows ARES to trigger actions within XProtect, such as alerts, emails and physical alarms.
Transition Networks announced it has been accepted into Milestone Systems’ Marketplace. Launched in February, Milestone Marketplace enables Milestone Technology Partners to market their applications, hardware, and services that integrate with or are designed to work with Milestone XProtect® VMS. In 2018, Transition Networks partnered with Milestone to integrate all of its managed PoE+ and PoE++ switches into the Milestone Systems XProtect VMS.
Milestone Systems continues internal expansions in staffing to support its fast-growing business in the Americas. Cliff Brady has filled the new position of Milestone National Sales Manager, West. He will apply his extensive expertise from working as Chief Operations Officer at Canna Security, Solution Project and Services Marketing at IBM, Director of Global Services at Radisys and Technical Support Manager at Sequent. Chip Wilson is now the Milestone Channel Business Manager in South Texas.
Milestone Systems delivered significant and satisfactory financial results in 2018. The Group’s net revenue increased to DKK 934 million from DKK 881 million in 2017, while the operating income (EBIT) grew to DKK 195 million from DKK 171 million. In 2018, Milestone Systems made strategic investments in several areas. The company also decided to accelerate innovation by increasing its development capacity by 45 percent by the end of 2019.
Milestone Systems recently hosted the regional partner and customer events MIPS (Milestone Integration Platform Symposium) in Nashville, Copenhagen and Bali. The three events attracted nearly 2,000 attendees and 124 exhibitors, to discuss industry-relevant themes such as the impact of disrupting innovation, blending human and machine intelligence, and how the power of the platform economy is a game-changer for players who build intelligent video technology and security solutions.