IPO helps Avigilon prosper

CEO discusses company's success and plans for future growth

"Certainly for the traditional cameras and software/VMS, we really feel that we have a strong platform and we have a strong product development team, so whatever gaps or holes we have in our product line, we feel more efficient just to do that organically," Fernandes added.

Moving forward, Fernandes said that Avigilon wants to help consolidate what is a fragmented surveillance market.

"Our aspiration is one day to become the largest video surveillance provider in the world and we would hope to achieve that by continuing to offer a superior product at a greater ease-of-use and installation at a lower cost than alternative products," he said.