Vicon and IQinVision to Merge

Company's chairman and CEO discusses the significance of agreement in interview with SIW

For the twelve months that ended on Dec. 31, 2013, IQinVision and Vicon combined generated $56 million in revenue. Following the merger, the board of directors of the combined company will consist of three directors designated by Vicon and three directors designated by IQinVision. TM Capital Corp. and Imperial Capital acted as financial advisors to Vicon and IQinVision, respectively. The transaction is expected to close in Vicon’s September quarter.
“We think that the opportunity for us to drive their proprietary lineup of products through our channels is great. We will not be in a position where we will be selling a product that someone can perhaps buy someplace else,” Darby says. “Also, in the longer term, it will help us improve our margins across the board in our product offerings as well.”