This Award lauds GE Security’s portfolio reorganization strategy to ensure that it delivers on its vision and potential as the leading video surveillance vendor. GE Security is already one of the largest security companies with global revenues of approximately $1.8 billion in 2006.
Its strong video offerings and an innovative integrated solutions approach are helping set GE Security apart. The company has heavily invested in technology that has allowed for the development of a new platform of products, coupled with an innovative integrations solutions approach, which are greatly improving video offerings and performance.
“In 2007, GE Security undertook a complete overhaul of its internal processes and the management began to reorganize its video products business to better deliver on the promise of GE in the security space,” says Frost & Sullivan Industry Analyst Dilip Sarangan. “In particular, this effort focused on delivering more and better integrations as a path to maximizing its growth potential and better serving the security industry.”
With its refocus on integrated solutions, GE Security undertook a broad-based effort to acquire and grow domain expert teams to create and maintain collaborative relationships with customers and end users alike. Through these strategic relationships, the company is leveraging its technology, process, security and domain expertise, and the thinking of customers to create integrated advanced technology solutions comprised of products from its access control, fire and life safety, homeland security, intrusion detection and video surveillance portfolio.
“In the physical security industry, one of the greatest challenges for security vendors is the integration of various products into comprehensive and interoperable solutions that deliver the right results along with ROI on infrastructure investments now and in the future,” notes Sarangan. “GE Security is one of the few companies in the security industry with both a long-term vision for such seamless integrations and the platforms and products to back it up.”
In addition to business integration, GE Security has carefully examined core competencies and built vertically focused industry teams made up of security, technology, process and domain experts. These teams are focused on select vertical markets – banking and finance, commercial, corrections and law enforcement, education, healthcare, retail, transportation and stadiums and event venues – where the company expects to capture considerable share.
GE Security’s portfolio includes a wide range of access control, fire and life safety, homeland security, intrusion detection and video surveillance products. The company’s innovative products are made more valuable by an industry-leading selection of integration platforms designed to be used to create cross-portfolio solutions to help address real world security challenges.
For setting up processes and thought leaders to mobilize its efforts into 2008 and beyond, and setting itself in prime position to lead the market, GE Security is the worthy recipient of the North American Frost & Sullivan Award for Video Surveillance Solutions Company of the Year.
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About GE Security
GE Security, Inc., a wholly owned indirect subsidiary of the General Electric Company (NYSE: GE), is a leading supplier of security and life safety technologies, with operations in more than 35 countries and $1.8 billion in annual sales. GE Security offers one of the industry's broadest product portfolios, including access control, explosives and narcotics detection, fire detection, intrusion, key management and video surveillance. GE Security's products are used to protect people and property across a wide range of industries, including aviation, banking and finance, education, government and military, healthcare, law enforcement, residential, retail, stadiums and event venues, and transportation.
GE Security, making the world safer.
About Frost & Sullivan
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