GE Security Named Video Surveillance Solutions Company Of The Year
Based on its recent analysis of the video surveillance market, Frost & Sullivan recognizes GE Security with the 2008 North American Frost & Sullivan Award for Video Surveillance Solutions Company of the year.
The award lauds GE Security’s portfolio reorganization strategy to ensure that it delivers on its vision and potential as the leading video surveillance vendor. GE Security is already one of the largest security companies with global revenues of approximately $1.8 billion in 2006.
Its strong video offerings and an innovative integrated solutions approach are helping set GE Security apart. The company has heavily invested in technology that has allowed for the development of a new platform of products, coupled with an innovative integrations solutions approach, which are greatly improving video offerings and performance.
“In 2007, GE Security undertook a complete overhaul of its internal processes and the management began to reorganize its video products business to better deliver on the promise of GE in the security space,” said Frost & Sullivan Industry Analyst Dilip Sarangan. “In particular, this effort focused on delivering more and better integrations as a path to maximizing its growth potential and better serving the security industry.”
With its refocus on integrated solutions, GE Security undertook a broad-based effort to acquire and grow domain expert teams to create and maintain collaborative relationships with customers and end users alike. Through these strategic relationships, the company is leveraging its technology, process, security and domain expertise, and the thinking of customers to create integrated advanced technology solutions comprised of products from its access control, fire and life safety, homeland security, intrusion detection and video surveillance portfolio.
“In the physical security industry, one of the greatest challenges for security vendors is the integration of various products into comprehensive and interoperable solutions that deliver the right results along with ROI on infrastructure investments now and in the future,” Sarangan said. “GE Security is one of the few companies in the security industry with both a long-term vision for such seamless integrations and the platforms and products to back it up.”
Each year Frost & Sullivan presents the award to the company that has demonstrated unparalleled excellence within its industry in terms of business development, competitive strategy and customer satisfaction.
The award recognizes outstanding management and consistent growth as well as high quality products and/or services and positive social and economic impact on local and national communities. It lauds proven expertise in taking advantage of market changes by capturing and solidifying market presence, or through execution of innovative strategies within the existing competitive landscape.