VideoIQ Fuels Growth in 2009 with Expanded Customer Roster, New Partnerships and Innovative New Product Offerings
Company Closes $6 Million Round in Venture Financing from Atlas Ventures, Matrix Capital and Tenaya Capital
BEDFORD, Mass., Feb. 10 /PRNewswire/ -- VideoIQ®, the provider of the only decentralized, intelligent surveillance system including fully integrated cameras with onboard analytics, zero bandwidth recording and an advanced VMS, continued its impressive growth in 2009 with success fueled by new customer deals, partnerships with leading integrators and technology vendors, new product capabilities, and numerous industry awards. To further its rapid growth, the company today announced that it has closed a $6 million funding round with Atlas Ventures, Matrix Capital and Tenaya Capital.
Growing Customer and Partner Roster Worldwide
VideoIQ dramatically expanded its customer base, with over 220 new customers selecting VideoIQ systems during the year. The company achieved strong momentum with its innovative iCVR product line across industries including education, critical infrastructure, commercial, as well as federal and municipal government markets.
VideoIQ also extended its market reach in 2009 with the launch of the VideoIQ Inner Circle Partner Program which now boasts over 500 select partners and integrators worldwide. VideoIQ expanded into Asia-Pacific and EMEA through value added distributor partners including Stratel in Malaysia, Bettini in Italy, Beijing Wenhao in China, and Vanguard Vision in Singapore. Finally, VideoIQ launched VideoIQ UK and VideoIQ South Africa.
VideoIQ also joined forces with key partners in the video management, access control, central station monitoring and physical security information management system arenas to enable seamless integration of partner solutions with the VideoIQ iCVR system. Through the launch of the VideoIQ iCVR SDK, VideoIQ and its technology partners are delivering a new level of intelligence and proactive protection to customer sites. Among the partnerships launched in 2009 were:
- Genetec, a provider of world-class IP security solutions to international markets;
- Milestone Systems, a provider of open platform solutions for IP video surveillance;
- On-Net Surveillance Systems, Inc. (OnSSI), a provider of IP video surveillance control and management software solutions;
- SureView, a provider of video based automation software for central stations; and
- VidSys, a provider of physical security information management (PSIM) software.
Leading monitoring service providers continued to partner with VideoIQ and deploy iCVR cameras and encoders because of excellent video quality, zero bandwidth recording, minimal network traffic, onboard NVR storage, 2 way audio capabilities with recording, extensive alarm i/o integration capabilities, outstanding alarm accuracy and all weather performance. Monitoring service partners that deployed iCVR cameras and encoders in 2009 include:
- First Alarm
- ION Interactive
- iVerify
- G4S
- MACE/CCCS
- Rapid Response
- Thorpe Enterprises
- Viewpoint
- Visentry
Industry Awards and Recognition
VideoIQ received many industry accolades in 2009 acknowledging the company's establishment as an innovator and trusted source in video surveillance. During 2009, Video IQ was named an AlwaysOn East 100 winner, received the Network Products Guide Reader Trust Award for Best in Physical Security, won the "Best Deployment Scenario" award from the Info Security Products Guide, received an endorsement from the PSA Security Network® Technical Committee, and was named winner of the 2009 Tomorrow's Technology Today Award by Info Security Products Guide.
Product Enhancements
During 2009, VideoIQ added significant new functionality to its flagship iCVR product family and accompanying VideoIQ View™ video management software. Key enhancements and features included:
- Browser access to both live video and alarm events -- In addition to accessing cameras and encoders from the VideoIQ View professional client, iCVR customers can now easily access recorded alarm events, view live video and perform select administrative functions via a web browser.
- Connectionless Operation -- iCVRs can now initiate a connection to monitoring centers automatically on alarm, enabling them to be used in cellular and other wide area installations with increased flexibility.
- Automatic e-mail notification -- When security threats are detected, the iCVR can directly e-mail alarm messages to pre-defined recipients. Notifications contain links, enabling direct web browser access to both the recorded alarm video clip and the live stream from the camera -- providing end-users and service providers with a zero-footprint method to immediately evaluate the threat and contact appropriate authorities from any location or supported device.
- Watermarked video export -- Users can create self-running evidence CDs for authorities or forensic investigators, including both event notification clips and complete, high-quality video event records. All video is watermarked for tamper proofing, and includes removable analytic markers.
- "Head and shoulders" indoor analytic detection -- This new indoor detection mode enables accurate detection and tracking of people even when desks and furniture substantially obscure them as they move through a typical office environment.
- PTZ control for iCVR encoder -- Analog PTZ cameras attached to iCVR encoders can now be controlled from the VideoIQ View software client. The iCVR encoder continuously records PTZ camera output and provides analytic monitoring while the PTZ is in its home position.
- 2 Way Audio with Recording Capability -- iCVR cameras and encoders can be configured for both audio talk down and listening capability, including full automated recordings of alarm events.
"By delivering breakthrough products that solve the unique challenges of today's security environment, we recorded another record year of tremendous growth," said Scott Schnell, president and CEO, VideoIQ. "During the year, we saw our leadership position in the video surveillance market continue to solidify with significant market adoption, industry award recognition and partner integrations. We're incredibly proud of our performance this past year and are looking forward to delivering even more value to our customers in 2010."
About VideoIQ
VideoIQ is the inventor of the world's first and only intelligent, decentralized video surveillance system. VideoIQ's award-winning IP surveillance cameras and encoders include the most advanced, pattern-driven analytics in the industry, onboard NVR storage and an enterprise class video management system. Delivering the simplest, most effective video surveillance solution on the market, VideoIQ allows customers to pro-actively secure their most important assets, whether an organization needs one camera or 1,000. The company is backed by top-tier investors Atlas Venture, Matrix Partners, and Tenaya Capital. Learn more at www.videoiq.com
SOURCE VideoIQ
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