Milestone Systems, Copenhagen, an open platform company for IP video management software (VMS), will heighten its focus on development by starting up a new international business unit, Incubation and Ventures, which will be based in Silicon Valley, Calif., and at the company’s Danish headquarters.
The goal is to develop new products and services with high potential for market superiority and differentiation and to achieve additional growth by cultivating new Milestone ventures. To steer the new initiatives, Milestone hired an experienced strategist, Lars Nordenlund Friis, as vice president for Incubation and Ventures.