Vivotek today announced its sales results for 2012, reporting revenue exceeding USD100 million for the year, the highest that the company has achieved. Net sales in local currencies increased by 16% compared to 2011.
Spurred by rising security concerns due to the threat of terrorism and other factors, the IP surveillance industry has seen significant growth. In addition, advances in technology, such as higher resolutions, improved video quality, greater storage capacity and improved network communications, are also driving growth. All industry research reports project that the IP surveillance industry will keep a strong annual growth rate through the years.
Vivotek, for a long time, by taking Research and Development energy, Sales Service, Marketing Communications and Technical Supports as core strengths, has been recognized as the most valued and trustworthy brand to partners in the global IP surveillance market. Moreover, focusing on philosophy as integrity, care and innovation, Vivotek has built up a close relationship and strong network with customers, partners, and employees. Lying on the company's core strengths and the philosophy, Vivotek is completely capable of delivering cutting-edge products and technology to meet up the market need and driving the sales performance significantly all over the globe. It is worth mentioning that Vivotek maintains a business growth in European market despite the economic recession in this region in the past years.
Vivotek Chairman Owen Chen stated, "Looking back at our sales performance and achievements in developing innovative technologies, 2012 was without a doubt another successful and significant year for Vivotek. Our revenues in local currencies increased over 16% year-over-year, and we're bullish about our prospects this year too with our excellent R&D capabilities, strong product portfolio, and expanding global reach. Vivotek will continuously dedicate to our customers to address their needs and together we make the world a safer place."
