BEDFORD, Mass., July 19, 2011 /PRNewswire/ -- VideoIQ, the leader in video surveillance innovation, today announced record sales for the first half of 2011. VideoIQ's growth was driven by continued adoption of new products including the iCVR-HD High Definition line of cameras, the line of iCVR D1 Outdoor Dome cameras and the line of iCVR D1 Indoor Dome cameras.
Highlights from Q1 and Q2 of 2011 include:
- More than 200 percent iCVR sales growth 1H 2011 versus 1H 2010
- More than 240 percent iCVR sales growth in Q2 2011 versus Q2 2010
- 114 percent growth in total customers
- 400 percent growth in repeat customer transactions
- Release of VideoIQ's advanced Video Management System, VIEW™ 3.1
- Software House C-Cure 9000 integration
- Lenel factory certification
- Expanded international sales and distribution network
- SIA Best in Analytics Winner at ISC West 2011
- 2011 CE Pro and Electronic House Product of the Year
Accelerating Sales Growth and Customer Acquisition
During the first half of 2011, VideoIQ's iCVR sales reached another record, growing more than 200 percent versus the same period in 2010. Total customers also grew 114 percent during the same period. The growth was fueled by continued adoption in all major markets including utilities, energy, education, financial services, industrial and commercial within both North America and international markets.
VideoIQ VIEW 3.1
VideoIQ released version 3.1 of its advanced Video Management System VIEW, designed for distributed storage systems and event based monitoring. VIEW 3.1 expanded on previous versions by adding additional advanced analytic rules, ATM vestibule monitoring and support for mobile access.
VideoIQ continued to expand its extensive list of technology partnerships, adding a comprehensive integration with Tyco's Software House C-Cure 9000 access control system as well as receiving factory certification with Lenel's OnGuard. These additions join a broad list of integration and solution partners, enabling customers to easily combine VideoIQ's award winning products with their existing systems and design new solutions to enhance security and meet their individual needs.
Recognizing the iCVR-HD's unique ability to deliver full high-definition analytics with twice the range and nearly three times the field of view of any D1 analytic solution, SIA named VideoIQ winner of the Best in Analytics at ISC West 2011, and CE Pro and Electronic House magazine recognized the iCVR-HD high definition camera as 2011 Product of the Year.
"Our growth is driven by intelligence and edge-based storage - they represent the future of the video surveillance market," said Scott Schnell, president and CEO of VideoIQ. "With 90 percent less bandwidth consumption and no external servers, the iCVR-HD high-definition camera is the easiest HD system to install and maintain. And with the only high-definition analytics on the market, VideoIQ cameras and encoders deliver superior threat detection, accuracy and video quality management, extending our leadership position in the surveillance industry."
VideoIQ is the leading innovator in intelligent video surveillance. VideoIQ's award-winning IP surveillance cameras and encoders include the most advanced, adaptive analytics in the industry, onboard NVR storage and enterprise class video management. Now, VideoIQ is delivering a new standard in high-definition surveillance, with zero bandwidth recording and full high-definition analytics. VideoIQ's simple and powerful surveillance solutions allow customers to pro-actively secure their most important assets across commercial, education, industrial, transportation, telecommunications and government markets. Learn more at www.videoiq.com today, or follow us on Twitter @VideoIQ.