Arecont Vision

Arecont Vision Costar, LLC
Company typePrivate
IndustrySecurity
FoundedLos Angeles, California, U.S. (2003 (2003))
FounderMichael Kaplinsky
Vladimir Berezin
Headquarters
Glendale, California
,
United States
Area served
Worldwide
Key people
Scott Switzer,
Interim President & CEO, Costar Technologies, Inc.
ParentCostar Technologies, Inc.
Websitewww.arecontvision.com
Footnotes / references
[1]

Arecont Vision is an LLC based in Glendale, California, United States. The company manufactures video surveillance products.[2] In mid-2018, it went through Chapter 11 bankruptcy and was later acquired by Costar Technologies.

History

Arecont Vision Holdings, LLC was founded in 2003 by Michael Kaplinsky[3] and Vladimir Berezin[4] in Southern California.

Costar Acquisition

The original company was acquired by Costar Technologies, Inc. (OTC Markets: CSTI), a Texas-based manufacturer of video surveillance and machine vision products,[5] following a reorganization and Chapter 11 bankruptcy proceedings. The purchase price was reported as $11.25 million in cash. [6]

The original company was closed, and Arecont Vision Costar, LLC, was launched in July 2018 as an operating division of Costar. In the aftermath of the Costar acquisition, 10 percent of Arecont's workforce was made redundant in early 2019.[7]

References

  1. ^ "About AV Costar". AV Costar. Retrieved June 14, 2021.
  2. ^ Bloomberg Businessweek. "Company Overview of Arecont Vision LLC." Retrieved Apr 13, 2012.
  3. ^ Bloomberg Businessweek. "Michael Kaplinsky[dead link‍]." Retrieved April 4, 2012.
  4. ^ Bloomberg Businessweek. "Vladimir Berezin[dead link‍]." Retrieved April 4, 2012.
  5. ^ "Arecont Vision Acquired by Costar Technologies". SDM Mag. July 10, 2018. Retrieved December 16, 2018.
  6. ^ Honovich, John (July 11, 2018). "Arecont Acquisition By Costar". IPVM. Retrieved June 14, 2021.(Subscription required.)
  7. ^ Honovich, John (January 14, 2019). "Arecont Costar Layoffs". IPVM. Retrieved June 14, 2021.(Subscription required.)