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HomeNewsGenetec Grows at CAGR of 28 Per Cent For 5 Years

Genetec Grows at CAGR of 28 Per Cent For 5 Years

Genetec has achieved a CAGR of 28 per cent year-on-year over the past 5 fiscal years, with significant growth in North America as well as Latin America, Caribbean, Middle East & Africa, Europe and APAC.

“We are growing,” Genetec CEO Pierre Racz said at a recent press conference in Montreal. “In 2017, we expect to welcome our 1000th employee in one of our nine offices around the world. The company is expanding and renovating its headquarters here and recently moved its Paris office to a larger space. 

“A lot of what we are focusing on here during the summit is that video management is not our only trick,” he said. “Video is certainly integrated very tightly into everything we do, but we also have emerging products, such as Synergis for access control, and we are certainly going to be one of the top 10 access control companies this year.”

Racz also pointed to the success of Genetec’s Mission Control, a decision support system that provides organizations with heightened levels of situational intelligence, visualization, and complete incident management capabilities, and Genetec Clearance, a collaborative case management system designed to speed up investigations by enabling organizations to collect, manage, and share any kind of multimedia evidence.

“We have moved the discussion away from pixels to the bigger picture, so hence the slogan we came up with — pixels need perspective,” Racz said. “A big focus is helping our customers to be able to do a lot more with less, which is what Mission Control does, increasing the productivity of security personnel.”

Meanwhile, Genetec VP of marketing Andrew Elvish said innovation is the result of a company culture that fosters creativity and entrepreneurship.

“We have all embraced a new organizational structure that includes smaller, more autonomous self-functioning teams, which allows the teams to be more nimble in how they address the customer, and as a result we have seen a ramp-up in our ability to get things to market a lot quicker,” Elvish explained.

“This move in Genetec is away from just straightforward video surveillance and access control and much more toward a joined-up thinking around how people experience security in their everyday lives,” he said. “A central preoccupation of the team at Genetec is how we take our technology and bring it into people’s businesses, into governments, in a way that actually helps them improve security as well as the everyday flow of their operation.” ♦

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