Coppell, Texas – January 30, 2020 – Costar Video Systems, a subsidiary of Costar Technologies, Inc. (OTC Markets Group: CSTI), is proud to be among the top ranked within our industry in this year’s Security 50 Ranking.
A&S Magazine’s Security 50 Ranking reviews sales revenue of the 50 most influential international companies in the physical security sector. This is an unbiased industry ranking to provide global professionals a sneak peak of the current security industry.
In this year’s Security 50 ranking, the achievements of Costar Technologies are recognized for their ability to maintain double-digit growth and gross margins through both organic growth and acquisition in 2018 despite the huge pressure from camera price reductions year after year. Because of Costar’s continuous efforts in creating solutions and providing value-added services for multiple vertical users, Costar Technologies foresees substantial growth in the future.
A total of 37 companies on this year’s Security 50 reported revenue growth above 20% between 2017 and 2018, indicating that 2018 overall was another growth year for security players. Costar Technologies clinches the number four spot for revenue growth, achieving growth of 33.07% and the number seven spot for 21.89% gross profit growth.
A&S Security 50 is more than just technology and product promotion; it is also about forging stronger bonds among global security elite and presenting unique, original views on corporate management, R&D, business development, brand building, partner selection and more. As a subsidiary of Costar Technologies, Costar Video Systems is honored to be among the topmost influential security companies and is committed to excellence on behalf of all its customers.
To view the complete report, visit asmag.com/rankings. To find out more about Costar Video Systems, visit www.costarvideo.com.