Independent market research firm IMS Research has reported for the seventh year in a row that Milestone Systems is the global leader for open platform IP video management software. Milestone expanded its global presence this year by opening offices in Brazil, Bulgaria and India, as part of the company’s strategic plans for continued success in the high-growth market for IP video surveillance.
Lars Thinggaard, president and chief executive officer at Milestone Systems, said, “Through ambitious management strategy and focused organizational operations, we are performing with profitability and a strong cash position. We consistently evolve our tiered and reliable solutions, while we scale geographically with our business model that builds channel expertise and differentiation through training certifications. We are therefore well positioned for continued growth, and have expanded again in 2011 by opening offices in three new world regions in support of our international scope and response to market demands.”