Milestone Not Preparing for IPO

Milestone Not Preparing for IPO

At their annual event, Milestone Systems opened MIPS 2014 in Orlando with President/CEO Lars Thinggaard clarifying a rumor that the company is about to go public. The rumor apparently originated from a remotely-placed security analyst and was started to create controversy prior to the start of MIPS.

Milestone Not Preparing for IPOTaking the stage for an opening keynote speech, Thinggaard asked how many people in the audience follow this analysts’ blog. So few hands were raised in the air, you couldn’t populate a six-year-olds’ birthday cake with an equivalent number of candles.

The analysts’ blog said, “A UK news report and conflicting statements from Milestone to IPVM indicate that the company is imminently preparing to go public, the culmination of a much discussed plan for the Danish VMS developer.”

Controversy be gone, Thinggaard said that the company is focusing on its global leadership rather than an IPO.

“We’re not preparing for an IPO this week, in two weeks or two months. An IPO is not on our plate at this time. We’re focusing on a lot of things that pertain to our business structure at this time. Period.”

Taking advantage of attending MIPS, Thinggaard reiterated more than once that an initial public offering was not in the works and that everything a person might read on a certain blog just isn’t true.

About the Author

Ralph C. Jensen is editor-in-chief of Security Today magazine.

  • Remembering 9/11 Remembering 9/11

    In this episode, Security Today Editor-in-Chief Ralph C. Jensen Talks with Steve Karoly about security and transportation issues, specifically airport, airline and passenger security. It is the 20th anniversary of the 9/11 terror attacks in New York, the Pentagon and Shanksville, PA. Much has changed concerning security efforts about airport transportation security. The conversation talks about the role that technology plays in protecting the flying public and steps taken to ensure there hasn’t been a successful terrorist attack on a U.S. airliner since 9/11. Checkpoint and screening are evolving at a rapid pace, and the conversation centers on new measures and technologies that are being integrated into checkpoints.

Digital Edition

  • Security Today Magazine - July August 2021

    July August 2021

    Featuring:

    • Tee Up the Security
    • Listen Clearly
    • Turning to the Cloud
    • COVID-19 The Final Push
    • Redefining Security

    View This Issue

  • Environmental Protection
  • Occupational Health & Safety
  • Infrastructure Solutions Group
  • Spaces4Learning
  • Campus Security & Life Safety