Pelco Has New Ownership

Transom Capital Group (Transom), today announced it has acquired Pelco Inc. (Pelco), from Schneider Electric. Terms of the deal were not disclosed.

Pelco designs, develops, and manufactures predictive video security solutions including cameras, recording and management systems, software and services. Pelco’s personal engagement with customers, resellers and technology partners drives the development and deployment of surveillance and security solutions with meaningful innovation.

“As most security industry experts know, Pelco is one of the pioneers of the video surveillance space,” said Russ Roenick, managing partner at Transcom. “The journey toward creating the next great breakthroughs in video security begins today through our investment in Pelco. We have conviction that the work done over the past several years to transform the company into a digitally-savvy company with innovative hardware, software and service solutions is nearly complete. We are excited to partner with management to grow the business for many years to come.”

Jean-Marc Theolier, CEO, Pelco Inc., said “As we surveyed the landscape of potential partners, our primary goal was to commit with a company who appreciated Pelco’s legacy, as well as supported our current business strategy and growth plan. Transom strongly believes in our unique value proposition to be an end-to-end solutions provider, and has encouraged us to continue doing what we do best. We are excited to work with Transom, and to develop new and innovative solutions to best serve our business partners.”

Schneider Electric paid $1.5 billion for Pelco in 2007. Over the past few years, the valuation had dropped significantly, though terms of the sale were not released.

Transom markets itself as improving operations of companies they acquire. For instance, company officials say they have developed a systematic approach to value creation known as the ARMOR℠ Value Creation Process, which is an acronym that stands for Acquisition, Restructuring, Monitoring & Operations and Return.

“ARMOR is our playbook and is a collection of real-world proven methods for each stage of the investment timeline to create performance driven cultures, create and improve strategy, drive topline growth, decrease waste, improve operations, customer service and product quality, source talent, tighten budgeting and lead companies and their executive teams to new heights, company officials said.”

Their portfolio includes a pen manufacturer, a sporting goods manufacturer, a helmet manufacturer, etc. which has raised concerns about Pelco's fit. However, Transom also owns technology companies, such as Mackie, a loudspeaker manufacturer, Critigen, a geospatial services provider, and Heath-Zenith, a lighting and doorbell manufacturer.

According to IPVM blogger John Honovich, Pelco is now independent. While Transom owns Pelco, Pelco will be run independently.

Pelco's CEO told IPVM that Pelco's strategy remains the same, emphasizing the long term goal of being a "leader in predictive video analytics solution" as they expand their VMS, cloud and AI offerings. The company also said that they remain committed to being an end-to-end provider, including manufacturing cameras (not made in China).

Theolier said he is committed to staying with Pelco, which was a question considering that he comes from long tenures at Schnieder Electric. More employees were laid off from Pelco last week as the deal closed. While Theolier declined to address specific reasons or headcount numbers, he noted differences going from a sizeable corporation to a standalone company, and the positions needed therein.

About the Author

Ralph C. Jensen is the Publisher of Security Today magazine.

Featured

  • Maximizing Your Security Budget This Year

    The Importance of Proactive Security Measures: 4 Stories of Regret

    We all want to believe that crime won’t happen to us. So, some business owners hope for the best and put proactive security measures on the back burner, because other things like growth, attracting new customers, and meeting deadlines all seem more pressing. Read Now

  • New Uses for AI

    New applications of AI in IP cameras are delivering precise detection, robust search capabilities, elevated data analysis and enhanced image quality. When combined with built-in analytics, AI can help streamline forensic investigations and also supports several mission-critical business functions. Read Now

  • The Critical Missing Piece

    As technology advances, security programs have invested heavily in advanced systems and sensors. These sensors generate massive amounts of data, often overwhelming the security teams tasked with monitoring them. AI technology promises to sift through this data, using logic and reasoning to differentiate potential threats from non-threats. Read Now

  • Computers Beginning to Come Back Online After CrowdStrike Caused Crash Friday

    Computers around the world are beginning to come back online after a defective update to Windows machines from cybersecurity provider CrowdStrike Friday affected almost 9 million machines. Read Now

Featured Cybersecurity

Webinars

New Products

  • Unified VMS

    AxxonSoft introduces version 2.0 of the Axxon One VMS. The new release features integrations with various physical security systems, making Axxon One a unified VMS. Other enhancements include new AI video analytics and intelligent search functions, hardened cybersecurity, usability and performance improvements, and expanded cloud capabilities 3

  • EasyGate SPT and SPD

    EasyGate SPT SPD

    Security solutions do not have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demonstrated their Art of Security philosophy in practice — and confirmed their position as an industry-leading manufacturers of premium speed gates and turnstiles. 3

  • AC Nio

    AC Nio

    Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions. 3