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the interview
nt is key for Genetec
run the plant. Today, we are using cloud electricity.” And what is your view on the Internet of Things? “Like I said earlier, we are in the business of marrying structured information with unstructured information. We have already integrated all kinds of stuff, like baggage sorting machines, escalators and all kinds of subsystems at airports. So, the Internet of Things is something that we in the security industry have been doing for a while, before we came up with that name. This is happening more and more; we are gathering sensor data from all kinds of remote locations and then correlating it with the video.” Software is quite a fragmented market within the security industry even though Canon has bought Milestone. Will we see a consolidation? “I recently met with Kevin Turner, he is the Chief Operating Officer of Microsoft, and he said that every company will be a software company in the future. I said this is so true. Our end users are writing software and our integrators are writing software. So there are more and more people that are writing software and the challenge is going to be to be able to exchange information and have clear interfaces with boundaries. I do not see it as consolidated at all.” What is your biggest challenge? “Our biggest challenge is to manage our growth. We have a high rate of growth and we have a family culture, which we are trying to keep. This is a huge challenge, especially now when we have facilities in Europe and our main research and development facility in Montreal, and there are cultural differences in the way the engineers approach problems. I am spending a third of my time making sure that the teams remain effective.” You own the company together with your kindergarten friend. Will you still be the owner five years from now? “Yes, most likely. Private equity always has exits – they have bio clocks. We are not at the end of streaming ideas and it is not just about one person. We have a great deal of trust in our key employees. If a bus hits me, there are several people that are ready to take over. We are much more interested in selling products than selling stocks. We are having fun and we are good at it.”
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