Milestone Systems Celebrates 25th Anniversary
Milestone Systems, a leading provider of open platform video management software, announced that it is celebrated its 25th anniversary on 23 February 2023.
The company was founded in 1998 by engineers John Blem and Henrik Friborg Jacobsen. The pair started the business from a basement and had approximately USD $11,500 in seed funding.
Today, Milestone has annual revenues over USD $140 million and employs more than 1,200 people around the world.
The first version of XProtect – Milestone’s open-platform video management software – was sold in 2002 to an end user in Canada. Since then, Milestone’s technology has been deployed in more than 500,000 installations and the company became a global leader in that area of the security industry. The company now has a presence in 26 locations around the globe.
“During the early 2000s, together with three or four other companies, we revolutionized the security industry by leading the transformation from analog to IP (digital) technology,” said Thomas Jensen, Chief Executive of Milestone Systems.
“Looking ahead, we are preparing to innovate again. We see a future in which data-driven video technology is a game-changer that will help to make society safer and a better place for us all to work and live.”