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Watchguard Technologies Inc.

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Watchguard Technologies Inc. - Semiconductor showcase

Year Founded & Workforce

2002

300 Employees

Industry

Semiconductor

Services

Body-Worn Camera
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Watchguard Technologies Inc. Employee Contacts

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Watchguard Technologies Inc. Overview

Company Headquarters: US

Founded: 2002

Workforce: ~300

Company Working: Watchguard is a leading provider of mobile video solutions such as in-car video systems, body-worn cameras, and evidence management software. The company operates in three business segments namely in-car video, body cameras, and evidence management software. The company primarily caters to federal, state, and local law enforcement agencies in the US and Canada. The company supplies products to nearly one-third of the law enforcement agencies in the US and Canada. In 2019, the company was acquired by Motorola Solutions, Inc. to expand its mission-critical ecosystem.

Strategy

The company invests a significant percentage of its revenue in R&D to offer new and innovative products in the video evidence space for law enforcement. The company has a strong pipeline of next-generation body-worn cameras under development. Furthermore, the company has also been actively targeting the sale of body-worn cameras to markets adjacent to the law enforcement industry, such as armored car transportation and correctional facilities to enhance its revenue. The company also targets cross-selling opportunities created from the sale of body-worn cameras.

Company Snapshot

$58.2M

Revenue

300

Employees

2002

Founded

US

Headquarters

SWOT Analysis

Strengths

  • Strong R&D investments that drive product innovation
  • Strong brand name that is trusted by law enforcement agencies
  • Strong intellectual property portfolio
  • High experienced workforce

Weaknesses

  • Largely dependent on the US and Canadian markets

Opportunities

  • High-touch, in-field, and frequent marketing to enhance customer base
  • Growing demand for body-worn cameras from armored car transportation and correctional facilities

Threats

  • Intense market competition from local and regional players

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Key Developments

DateApproachDevelopment
July 2018Product DeploymentWatchGuard was awarded a contract by the Cedar Park Police Department to deliver integrated body cameras designed to work seamlessly as a single system with the department’s new in-car video camera system.
June 2018ExpansionWatchGuard opened a new worldwide headquarter in Allen, Texas. The 140,000-square-foot, two-story facility accommodates approximately 500 employees and all departmental work areas, including a 43,000-square-foot manufacturing facility.
May 2018Product DeploymentWatchGuard was awarded a contract by the City Council of Duncanville Police Department to deliver body-worn cameras designed to work seamlessly as a single system with the department’s new in-car video camera system.
April 2018Product DeploymentWatchGuard was awarded a contract by the City Council of Garden Grove Police Department to deliver WatchGuard’s VISTA WiFi HD body-worn cameras and vehicles with WatchGuard’s 4RE HD Panoramic in-car camera system.

Product Offering

  • Watchguard Technologies Inc.
    • Body-Worn Camera

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global Revenue rose from USD 58.2 Mn in 2015 to USD 107.5 Mn in 2018.
Watchguard Technologies Inc. — By Business Segment
Series (USD Mn)2015201620172018
Global Revenue58.277.194.1107.5

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