Veracity achieves 54% sales growth in 2010 and predicts further acceleration in 2011

Success on both sides of the Atlantic over the last 12 months

Veracity, the leader in transmission and storage solutions for video surveillance, has seen sales growth of 54 per cent in total sales in 2010, as the security market innovator enjoyed success on both sides of the Atlantic over the last 12 months, coupled with an even higher rate of growth in profits.

During 2010, the surveillance product manufacturer took on three new US staff and moved to larger offices in Glen Rock, New Jersey. It also moved to a new prestigious 7,200 square foot UK headquarters on the Prestwick International Aerospace Park, adjacent to Prestwick Airport, following recruitment of four new staff in the UK in the last 12 months.

Such is the demand for its innovative and award winning surveillance storage solution, COLDSTORE, together with its IP transmission products, that Veracity is predicting to beat 2010’s growth this year. The company will hire four new staff in the US and seven in the UK taking total headcount to 31 by the end of 2011.

COLDSTORE secured its first three deployments in major UK city centres during 2010. Many video management systems (VMS) providers have shown interest in integrating with it as demand grows.

Alastair McLeod, managing director and founder of Veracity UK Limited added:

“Veracity, which was five years old in October 2010, is running ahead of our long-term business plan. We are accelerating our product roadmap with new innovations in transmission and display technology for surveillance. We will also be increasing our investment in sales, partnerships and logistical support to continue the powerful sales momentum built last year.”

Subscribe to our newsletter

Don't miss new updates on your email
Scroll to Top