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.
Arecont Vision® announces the launch of new products that together deliver an advanced, comprehensive video surveillance solution. The company now offers megapixel cameras, cloud-managed video recorders, and a range of video management system choices for a complete and flexible solution to address traditional and cloud-based video surveillance project requirements. All of the new Arecont Vision product offerings will be on display in booth #8045 at ISC West, held at the Sands Convention Center, Las Vegas, NV, April 11 – 13, 2018.
Arecont Vision® announces important changes to its executive management team in order to better position the company for continued growth. Arecont Vision has promoted several executives to larger roles as part of these changes. Raul Calderon has been promoted to Chief Operating Officer and General Manager of Arecont Vision. Scott Schafer, who has been Executive Vice President of Arecont Vision for the past nine years, has left the company.