IDIS acquires Costar for growth in North America

IDIS has acquired Costar Technologies, Inc., a US provider of electronic security products, in a merger set to drive growth across the North American video market.

Around 60% of Costar’s video products are already made by IDIS due to an existing ODM relationship.

Costar has a reported sales channel of over 100 distributors and 1,000 systems integrators across the US, which can now benefit from IDIS’ NDAA-compliant, Korean-made technology.

As the management and sales teams merge, customers will be able to buy Costar and IDIS solutions from either company, expanding coverage across the US and Canada.

“Poised to make significant inroads in the US”

With demand increasing for end-to-end solutions, Costar’s sales channel will be said to benefit from IDIS’ ‘one-stop-shop’ model, aimed to help systems integrators design and implement a complete video surveillance and deep learning analytics solution.

In addition, the firm is said to offer integrators profit protection benefits in terms of a single point of contact for pre-sales, sales, and technical support with the assurance of connectivity, designed to help projects be delivered on time and budget.

Costar’s Arecont Vision is said to be a pioneer in the multi-imager and ruggedized camera markets and its line-up will both complement and extend IDIS’ range and enable expansion not only geographically, but also support IDIS’ penetration into new vertical markets, according to the South Korean manufacturer.

“The Costar and IDIS teams have over 20 years of partnership experience, and we are excited to be merging with a vibrant video tech company,” says Scott Switzer, Chief Executive Officer, Costar Technologies, Inc. “With its rapid growth, expanding product line, and reputation for exceptional quality, IDIS combined with Costar’s sales network is poised to make significant inroads in the U.S. market.”

“IDIS’ growth strategy has always been focused on building long-term relationships with local partners and customers,” said Joon Jun, President of the Global Business Division and Senior Executive Vice President, IDIS.

“Leveraging Costar’s established distribution networks and sales channels in North America is reflective of that strategy. We are very proud to be uniting with Costar and making our entire IDIS range of advanced technologies and resources available to our combined customer base.”

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