Venture-Backed Avigilon Acquires RedCloud for $17M
Vancouver-based Avigilon Corp., a company focused on high-definition and megapixel surveillance solutions, has acquired RedCloud Security Inc., a provider of web-based, physical and virtual access control systems located in Sterling, Virginia. The purchase price was $17 million. Avigilon, which has since 2008 been a portfolio company of British Columbia Discovery Fund, an affiliate of Canadian venture capital firm Discovery Capital Corp., went public in November 2011.
31 May 2013•3 mins read
