Eagle Eye Networks Announces 93% Compounded Annual Growth Rate Over Past 3 Years

AUSTIN, Texas, Mar. 19, 2019 /PRNewswire-PRWeb/ -- Eagle Eye Networks, today announced that it has achieved a 93% compounded annual growth rate over the past 3 years, The growth has been driven by the adoption of Eagle Eye's Cloud Video Management System (VMS) by all types of businesses for their video surveillance needs.

"I founded Eagle Eye Networks in 2012 to leverage the cloud and make video surveillance more accessible and scalable," said Dean Drako, CEO of Eagle Eye Networks. "We initially had to address hurdles and prove that we brought the level of cyber security required to fully protect customers data, demonstrate the deployment advantages of cloud, and show a lower TCO of the cloud subscription model."

Drako continued, "Over the last couple of years, we've seen a tipping point in industry adoption. Moving forward over the next 5 years, I see Cloud, Analytics, and AI as the biggest drivers for the growth in our industry."

The vast majority of Eagle Eye Networks' 93% compounded annual growth since 2015 was organic. Some contributing factors were:

1. Eagle Eye Networks' acquired Panasonic's Camera Manager business. Although the acquisition brought some initial accretive revenues, its far more significant impact was providing the additional European sales, R&D and customer support teams to meet worldwide demand.

2. Analytics, advanced analytics, and AI are having impact on the compelling value of video surveillance to businesses. AI is best implemented with cloud elements, adding further to the business value of cloud video surveillance.

3. Eagle Eye has focused on channel distribution. Eagle Eye established key industry partnerships that have grown our partners importance and reach. The company has also expanded with an office in Tokyo to serve the Asia Pacific region.
In order to scale to handle this rapid growth, Eagle Eye Networks completed an expansion of its data centers to 11 global locations last year.

For more information on Eagle Eye Networks, visit http://www.een.com or call +1-512-473-0500 (USA) or +31 (0) 20 26 10 460 (Europe) +81-3-6868-5527 (Japan).

PRESS CONTACTS

USA                                                                             
Deborah Demarchi                                                  
ddemarchi(at)een(dot)com                         
+1-512-473-0500                                 

EMEA
Max van Riel
mvanriel(at)een(dot)com
+31 (0) 20 26 10 460    

APAC
Rie Terashita
rterashita(at)een(dot)com
+81-3-6868-5527             

ABOUT EAGLE EYE NETWORKS
Founded in 2012, Eagle Eye Networks, Inc., is #1 in cloud video surveillance worldwide, addressing the needs of businesses, alarm companies, security integrators, and individuals. Eagle Eye's 100% cloud managed solutions provides cloud and on-premise recording, bank level security and encryption, and broad analog and digital camera support ? all accessed via the web or mobile applications. Businesses of all sizes and types utilize Eagle Eye solutions for operational optimization and security. All Eagle Eye products benefit from Eagle Eye's developer friendly RESTful API platform and Big Data Video Frameworktm, which allow for indexing, search, retrieval, and analysis of live and archived video. Eagle Eye's open Video API has been widely adopted for integration in alarm monitoring, third party analytics, security dashboards, and point of sale system integrations.

Eagle Eye sells its products through authorized global resellers and installation partners. Headquartered in Austin, Texas, USA, Eagle Eye has offices in Europe and Asia-Pacific. For more information, please visit http://www.een.com or call +1-512-473-0500, +31 (0) 20 26 10 460 or +81-3-6868-5527.

SOURCE Eagle Eye Networks