Business
Strategic Partnership with Videcon
Strategic Partnership with Videcon.
About this update from Newmark Security Plc
[{"type":"text","content":"\n \nRNS Number : 4063G Newmark Security PLC 26 May 2017 \n\n26 May 2017\nNewmark Security plc\n(\"Newmark Security\" or the \"Company\")\nStrategic Partnership with Videcon\n \nNewmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, is pleased to announce that Grosvenor Technology, its UK based security and attendance solutions provider, has entered into a new strategic alliance with Videcon Ltd, a leading distributer of products and services to professional security installers in the UK, for Grosvenor's new Sateon Advance product.\nGrosvenor Technology will supply Videcon with a range of Access Control hardware and software products and services, on an OEM (Original Equipment Manufacturer) basis. Videcon will market this range under their Concept-Pro brand as 'Concept Pro Access Control', and will carry the tagline \"Powered by Grosvenor Technology\". This variant range is based on Sateon Advance, a next generation range of hardware that utilises Grosvenor Technology's proven Sateon software platform to provide a seamless Access Control solution. The offering has been multi-award nominated since its launch in November 2016.\nGrosvenor Technology has also developed a bespoke integration into the Videcon iPIMS video management system, which is unique to the OEM variant.\nMarie-Claire Dwek, CEO of Newmark Security, said:\n\"Newmark's overarching strategy is to significantly increase recurring revenues and we have a number of key initiatives over the medium term to aid this. Grosvenor Technology has a long history of providing OEM products to strategic partners, and this arrangement with Videcon is a further step towards our goal of building long-term relationships and brand recognition, which are key steps as we transition to an 'as a service' provider.\"\nAndy Rainforth, Managing Director at Grosvenor Technology, added:\n\"Videcon are unique in their approach to the UK security sector. Their professional, 'trade-only' approach, mirrors our own and yet their customer base has a different profile to Grosvenor Technology's and therefore offers us extended reach.\n\"Grosvenor foresaw the potential Sateon Advance would have to create a broader appeal outside our core markets some time ago, which is why we initiated discussions with Videcon in 2015 to ensure that we were able to capit...