VideoIQ Announces Record Growth in 2011

BEDFORD, Mass., Jan. 10, 2012 /PRNewswire/ -- VideoIQ, the recognized leader in intelligent all-in-one video surveillance solutions, today announced record sales in 2011. VideoIQ's success was driven by continued adoption of VideoIQ's intelligent all-in-one video surveillance systems, including the award winning iCVR-HD cameras, iCVR dome cameras, iCVR encoders, and the iCST line of streaming cameras and encoders.

Powered by VideoIQ's award winning self-calibrating analytics, iCVR all-in-one video surveillance solutions improve security by delivering superior accuracy and range. Unlike conventional IP video surveillance systems which face significant bandwidth and storage challenges, VideoIQ's iCVR onboard storage provides months of recording while eliminating the need to backhaul video to central storage servers – reducing bandwidth consumption by over 90 percent.

Highlights from 2011 include:

• Over 150 percent growth in sales from 2010 to 2011
• Over 100 percent growth in total customers
• Over 100 percent growth in follow on customer transactions
• Customers in over 30 countries

Accelerating Sales Growth and Customer Acquisition

VideoIQ's iCVR sales reached another record, growing more than 150 percent over 2010 sales. Total customers and follow on customer transactions also grew by over 100 percent with customers in over 30 countries. The growth was fueled by continued strong adoption of VideoIQ's innovative all-in-one surveillance solutions, significant channel partner development, investment in new partnerships, and the introduction of VideoIQ's Tier 1 partner program.

"2011 was not only VideoIQ's strongest sales and customer growth year ever, but we saw our growth accelerate during the year," said Ed Bednarcik, president and CEO of VideoIQ. "By dramatically improving security, simplifying infrastructure deployment and reducing end-users costs, we look forward to another record year in 2012."

About VideoIQ

VideoIQ provides the most effective all in one intelligent video surveillance solutions available on the market that are both simple to install and easy to use.  Powered by full 1080p high-definition self-calibrating analytics, VideoIQ's iCVR cameras and encoders deliver superior real-time threat detection, reduce network traffic by over 90 percent and eliminate the need for central servers.  With the only 100 percent self-calibrating analytics and up to 750GB of full onboard NVR storage, VideoIQ's all-in-one surveillance solutions provide better protection while dramatically simplifying installation and infrastructure.  The result is an incredibly powerful video surveillance system with a significantly lower total cost of ownership than traditional systems.  Learn more at www.videoiq.com, or follow us on Twitter @videoiq. 

SOURCE VideoIQ