Milestone Systems' Earnings Continue to Rise

Danish company Milestone Systems A/S released its 2010 accounts, which show a 56 percent increase in revenue to $42 million from $27 million in 2009. EBITDA more than doubled to $10.5 million from $4.7 million in 2009, with earnings of $4.1 million compared with $0.8 million in the previous year.

"A strong focus on establishment of additional sales offices around the world, certification of partners and recruiting many new employees form the basis of the positive figures we can present today. Milestone Systems is stronger than ever in terms of market share and financial position and we expect this to continue in the coming years," said Milestone Systems CEO Lars Thinggaard.

While the financial crisis raged in 2008 and 2009, Milestone Systems invested in new markets.

"Today we see the results of the strategy we implemented during the challenging years. We took some strategic decisions and expanded, even though it was tempting to do the opposite. Now Milestone Systems is very well positioned to build further on its leading market position," Thinggaard said.

In 2010 Milestone Systems’ staff expanded to an average of 246 employees from 181 in 2009, continuing the company’s steady growth since its founding in 1998.

"The reason for Milestone Systems’ growth is our leading software. We have invested nearly [$48.4 million] in product development, which is one of the reasons we are the world leader in our business area. Today there are more than 100,000 Milestone systems installed, and there are several thousand new customers monthly," Thinggaard said.

The global market for video surveillance is growing steadily. Year after year Milestone Systems has expanded its representation worldwide through dealers, distributors, partners and its own offices.

In June 2010, Milestone Systems introduced XProtect Essential, which is designed for smaller video surveillance installations. August saw the introduction of XProtect Go, a "beginner product" for smaller companies and private users offered free to introduce analog users to IP technology. And in January 2011, Milestone launched version 4.0 of its flagship product, XProtect Corporate, with new features to bring better performance, flexibility, reliability, security and stability, designed for the largest multi-site needs within areas such as municipal surveillance, airports and railways.

In 2010, Milestone Systems thanked chairman of the board Ole Stangegaard for nine years of service. The new chairman of the board, Jesper Balser, formerly held senior executive positions at Navision and Microsoft Business Solutions.


Featured

  • 12 Commercial Crime Sites to Do Your Research

    12 Commercial Crime Sites to Do Your Research

    Understanding crime statistics in your industry and area is crucial for making important decisions about your security budget. With so much information out there, how can you know which statistics to trust? Read Now

  • Boosting Safety and Efficiency

    Boosting Safety and Efficiency

    In alignment with the state of Mississippi’s mission of “Empowering Mississippi citizens to stay connected and engaged with their government,” Salient's CompleteView VMS is being installed throughout more than 150 state boards, commissions and agencies in order to ensure safety for thousands of constituents who access state services daily. Read Now

  • Live From GSX: Post-Show Review

    Live From GSX: Post-Show Review

    This year’s Live From GSX program was a rousing success! Again, we’d like to thank our partners, and IPVideo, for working with us and letting us broadcast their solutions to the industry. You can follow our Live From GSX 2023 page to keep up with post-show developments and announcements. And if you’re interested in working with us in 2024, please don’t hesitate to ask about our Live From programs for ISC West in March or next year’s GSX. Read Now

    • Industry Events
    • GSX
  • People Say the Funniest Things

    People Say the Funniest Things

    By all accounts, GSX version 2023 was completely successful. Apparently, there were plenty of mix-ups with the airlines and getting aircraft from the East Coast into Big D. I am all ears when I am in a gathering of people. You never know when a nugget of information might flip out. Read Now

    • Industry Events
    • GSX

Featured Cybersecurity

Webinars

New Products

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge. 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

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame. 3