IDIS To Acquire Costar Technologies, An American Manufacturer Of Rugged CCTV Solutions.
IDIS To Acquire Costar Technologies – Korean CCTV manufacturer, IDIS, will continue using the Costar name, with Costar becoming a wholly owned subsidiary of IDIS.
Costar Technologies is a Texas-based manufacturer of critical infrastructure surveillance cameras, including the Octima range, as well as lenses, rugged DVRs and PTZ cameras.
“Leveraging Costar’s established distribution networks and sales channels in the U.S. gives a significant boost to IDIS’ growth strategy, which is founded on building long-term relationships with systems integrators,” says Kim Young-Dal, IDIS CEO.
“With IDIS To Acquire Costar Technologies, the company will diversify and synergize its presence in the government sector and intelligent transportation systems,” Young-Dal said.
“Driving our business in these, previously hard-to-penetrate areas and expanding into new markets, will provide a foundation for building our business not only in the U.S., but globally.”
Scott Switzer, CEO of Costar, said the team was excited to be uniting with IDIS.
“As Costar’s largest supplier, their success in the security industry combined with their engineering expertise have made them a prized partner over the year,” Switzer said.
“Now, with access to their entire range of advanced technologies and resources, we can deliver enhanced solutions and services to our customers.”
“IDIS To Acquire Costar Technologies, An American Manufacturer Of Rugged CCTV Solutions.”