| January 1,2010 - | Agent Vi Reports 38% Revenue Growth in 2009, Expands to Retail Markets
| | | Agent Video Intelligence (Agent Vi), global provider of video analytics software, has reported 38% revenue growth in 2009, exceeding the annual growth rate of the video analytics market, which was recently estimated at 19% by England-based research and sector-focused intelligence provider, VB/Research. Agent Vi's sales growth relative to the market’s growth signals Agent Vi’s increasing market share over other video analytics companies.
Agent Vi offers a pure software, open architecture video analytics solution that is integrated with IP Cameras and Video Management Systems. The unique distributed architecture employed by Agent Vi enables the running of unlimited video analytics functions simultaneously on hundreds of cameras, while only requiring a single analytics server. This comprehensive and highly scalable approach made Agent Vi’s products the ideal choice for several large-scale video surveillance projects implemented in 2009, including numerous projects with over 100 video analytics channels, and a handful of projects featuring more than 1,000 analytics channels.
"Achieving such impressive growth in the down economy of the past year demonstrates Agent Vi's leading position in the market" said Itsik Kattan, CEO of Agent Vi. "Moreover, we expect further dramatic growth in 2010. As global markets start to recover, and security concerns remain high, organizations seek to improve their video surveillance and rely on such surveillance whether for security purposes or for business intelligence." Furthermore, sales are expected to increase as a result of Agent Vi’s recent appointment of Anixter as its worldwide distributor, creating additional opportunities for strategic penetration of global markets.
In 2010, Agent Vi will begin selling Vi-Search – an open platform, search and analysis software for recorded video. Vi-Search enables automatic search through days of stored video in a matter of seconds, based on a range of user-defined search parameters. Ultimately, the cutting-edge software enables pin-pointing of precise events from masses of stored video, with high accuracy and ease of use. Vi-Search also offers a variety of statistical and traffic analysis tools, suited for business intelligence and operational efficiency applications.
"Vi-Search is a complete video search and analysis tool that allows for quick and effective post-event analysis for security applications while also providing business intelligence tools for a variety of environments ranging from mass transit terminals to retail stores" added Kattan. Citing examples of retail applications, Kattan suggested "Measuring store traffic, detecting high movement areas, comparing shoppers’ traffic and motion patterns across different areas of a store and across different branches for various time periods, and then being able to cross-reference this information to sales data – therein lies the benefit for retailers, who will be able to save on operating costs and increase their stores’ efficiency through automated analysis of their stored video." |
|
|  | Press Contact
David Andrew Goldman
Global Communications
Expansion Media, LLC
davidgoldman@ExpansionMedia.net
P: 646-335-0268
RSS |
