Vicon Industries Inc. and IQinVision Inc. have entered into a definitive merger agreement.
Vicon Industries Inc. of Edgewood, N.Y. and IQinVision Inc. of San Juan Capistrano, Calif., have entered into a definitive merger agreement. Vicon is a designer and producer of video security and surveillance systems. IQinVision designs and produces high performance HD megapixel IP cameras.
Ken Darby, Vicon chairman and CEO, told SDM that both companies will maintain their existing branding and product lines for the time being, and both companies will continue to sell into and service their existing channels and customers. There will be no difference in sales, service and support compared with prior to the merger, but the move will allow both companies to offer fully integrated solutions for product lines they were previously missing. Vicon’s presence outside of the U.S. also will help IQinVision gain traction in the worldwide marketplace.