The organization is meant to align more closely with the “segmentation of the market, which is not only about camera count, but also about the complexity of the solution,” explained Lars Nordenlund, VP of Incubation and Ventures at Milestone.
The new divisions are Corporate Products, led by VP Bjorn Skou Eilertsen, which concentrates on highly complex, multi-site, very advanced solutions; the Professional Unit, led by VP Janne Jakobsen, which is for high-volume jobs of medium complexity for small- to medium-sized businesses; and Nordenlund’s Incubation and Ventures unit.
Incubation and Ventures has opened a new office in Silicon Valley, Calif., in addition to a location at company headquarters in Copenhagen. The unit will collaborate with other business and financial partners and may acquire products or businesses.
“My division is everything that is considered new business areas,” Nordenlund said. “One of the things we are looking at is the appliance market. … The form factor is extremely important.”