Arecont Vision
| Company type | Private (after acquisition) |
|---|---|
| Industry | Video surveillance equipment |
| Founded | 2003 |
| Founder | Michael Kaplinsky, Vladimir Berezin |
| Defunct | 2018 (original entity) |
| Fate | Acquired by Costar Technologies; original entity dissolved and replaced by Arecont Vision Costar, LLC |
| Headquarters | Glendale, California , United States |
| Parent | Costar Technologies (since 2018) |
Arecont Vision was a U.S.-based manufacturer specializing in video surveillance equipment, headquartered in Glendale, California, United States.[1] In 2018, the company filed for Chapter 11 bankruptcy and was subsequently purchased by Costar Technologies, which retained the Arecont Vision brand name.
History
Established in 2003 by Michael Kaplinsky and Vladimir Berezin, Arecont Vision originated in Southern California.[2][3]
Costar Acquisition 2018
Following a restructuring under Chapter 11 bankruptcy in mid-2018, Arecont Vision was acquired by Costar Technologies, Inc. (OTC Markets: CSTI), a Texas-based producer of video surveillance and machine vision solutions.[4] The transaction was valued at approximately $11.25 million in cash.[5][6]
After the acquisition, the original entity was dissolved and replaced by Arecont Vision Costar, LLC as a division operating under Costar from July 2018 onward. In early 2019, approximately ten percent of the workforce was reduced following the integration.[7] Subsequently, the company adopted the name AV Costar.
References
- ↑ "Company Overview of Arecont Vision LLC". Bloomberg Businessweek. Retrieved April 13, 2012.
- ↑ Bloomberg Businessweek. "Michael KaplinskyTemplate:Fix/category[dead link]." Retrieved April 4, 2012.
- ↑ Bloomberg Businessweek. "Vladimir BerezinTemplate:Fix/category[dead link]." Retrieved April 4, 2012.
- ↑ "Arecont Vision Acquired by Costar Technologies". SDM Mag. July 10, 2018. Retrieved December 16, 2018.
- ↑ Honovich, John (July 11, 2018). "Arecont Acquisition By Costar". IPVM. Retrieved June 14, 2021.(Subscription required.)
- ↑ "Costar Bid to Acquire Arecont Vision Approved". Security Sales and Integration. July 10, 2018.
- ↑ Honovich, John (January 14, 2019). "Arecont Costar Layoffs". IPVM. Retrieved June 14, 2021.(Subscription required.)