Brickstream Announces Record Performance in 1H 2012
Company reports strong financial and customer growth across all geographies for third consecutive year
Atlanta, GA -- July 11, 2012 -- Brickstream, the leading provider of video analytics solutions for people counting, queuing and control management, today announced its half yearly results for 2012. Continuing the strong momentum it has experienced since 2009, the company once again posted record results, with an increase of 240% in bookings and 110% in revenues over the same time last year.
“Even though economic recovery has been sluggish, retailers globally recognize the need to invest in technology that enhances the in-store shopping experience while minimizing labor costs,” said Steve Jeffery, Chief Executive Officer of Brickstream. “Our video solutions combine accuracy and reliability with a low cost of ownership to provide unmistakable value to our customers.”
To keep pace with the growth, Brickstream has doubled its staff this year alone, and expanded its Atlanta Corporate offices to accommodate its new employees. The company has also opened new offices in Singapore and Germany and raised $5 million in growth capital to continue to fuel market and global expansion.
“These outstanding results are directly attributable to our growing network of global partners, wide market acceptance of our advanced 2300 stereo platform, and increased uptake of our software solutions,” concluded Jeffery. “With significant product updates coming later this year and continued interest from new customers and partners, we are on target to exceed our projections yet again.”
Brickstream® provides Traffic Counting, Queue, Behavior and Control intelligence solutions using discreet 3D, at-the-edge video analytic appliances along with patented BehaviorIQ™ software. Brickstream captures, transforms and analyzes highly accurate customer activity data for Sales conversion, Service optimization, Labor optimization and Control management. BehaviorIQ features real time predictive alerts and comprehensive analytics together with flexible deployment models and efficient management services. Leading retailers, retail banks, and others leverage Brickstream's solutions to improve the customer experience and drive business growth through more effective service, marketing and sales strategies.
Brickstream is headquartered in Atlanta, USA with offices in the UK and Singapore, as well as a global network of partners. The company is privately held with backing from Columbia Capital, Mohr Davidow Ventures and RBC Technology Ventures.
For more information visit the Brickstream website at http://www.brickstream.com or on twitter: @brickstream