IndigoVision, the supplier of IP video security solutions, has announced its half year financial results. The company reported an increase in sales revenues of 25 percent to US$24.0m for the 6-month period ending Jan. 31 2011, with operating profits up by 15 percent to $2.2m. Significant investment in research and development continued and the strong balance sheet enabled the payment of an interim dividend for the first time.
IndigoVision, the supplier of IP video security solutions, has announced its half year financial results. The company reported an increase in sales revenues of 25 percent to US$24.0m for the 6-month period ending Jan. 31 2011, with operating profits up by 15 percent to $2.2m. Significant investment in research and development continued and the strong balance sheet enabled the payment of an interim dividend for the first time.
IndigoVision has continued to focus on product development with a number of projects coming to fruition in the last six months. The company is currently undertaking its worldwide launch of ONVIF-conformant VMS and NVRs. IndigoVision is already an open system for storage, access control, analytics and other security systems. So ONVIF is truly ‘the final piece of the jigsaw' for IndigoVision's open architecture in that it extends freedom of choice to third-party cameras. The company has also extended its integration capability with a number of new features and updates to access control integration modules.
“These results represent sound progress against a mixed economic backdrop and we are pleased to be paying an interim dividend for the first time. Our ONVIF development marks the culmination of our journey to becoming what we believe is the most open IP security system in the world. It gives our customers the best of both worlds: the easy installation and low service calls they've come to expect from our end-to-end solution, coupled with the freedom of choice that comes from a truly open system. This strengthens IndigoVision's position in the market,” said Oliver Vellacott, CEO of IndigoVision.