Milestone Systems Grows Again
by Security Electronics and Networks | @Articles News | May 28, 2013, 7:00am AEST
Operating income before depreciation (EBITDA) reached $US9 million and net income reached $US 2.21 million. The number of employees grew by 13 percent, from 310 on average in 2011 to 351 employees globally in 2012.
“Milestone continues to grow because we meet the market with the right products. Demand for IP-based video surveillance is increasing globally. Milestone solutions are based on an open platform so they can meet the different needs of various segments.
“With the solid results in 2012, the compounded average growth rate has been 26 per cent over the last five years. We share the success worldwide through strong relationships with our partners,” says Lars Thinggaard, President & CEO, Milestone Systems.