|[August 13, 2014]
BRS Labs Searches for New CEO to Lead Company Through Process of Going Public
HOUSTON --(Business Wire)--
Recognition Systems, Inc. (BRS Labs), well known for its
cutting-edge AISight® platform, the Artificial
Intelligence-based analytics solution that teaches itself to recognize
and alert on suspicious or unexpected behavior within massive volumes of
data, announced this week that it has begun a search for a new CEO to
take the company public.
Earlier this week, BRS
Labs Chairman Ray Davis announced that he has stepped down as CEO in
order to devote his time to the strategic direction of the company and
to finding the ideal candidate to take BRS Labs public. The company
plans to find a Houstonian who understands the value of a public company
in this market, and who has previous operational experience leading a
company through the process of going public.
"I founded BRS Labs and have served as its CEO since 2005," said Davis.
"I have always loved building and running companies and have done so for
thirty-five years. Based on the growth we have experienced here at BRS
Labs, the time is right for us to take the company public, and we need
to bring in an individual who has expertise in this area. I will
continue to serve in my role as Chairman until that person is
comfortably in place and positioned to take BRS Labs to the heights we
know it is capable of reaching."
BRS Labs owns an approximate 60% share of the video analytics market and
recently made a successful expansion into the Supervisory
Control and Data Acquisition (SCAD) industry for oil and gas as
well as other Smart Utility Grids. One of the reasons the company plans
to go public is to raise funds to continue its aggressive expansion into
new vertical markets, including Information Security (InfoSec), Building
Management Systems (BMS), and other big data applications.
Intelligence-based technology has dominated the initial market we
applied it to: Video Analytics," continued Davis. "It is now time to
take this proven technology and address the other serious safety and
security issues facing the world today. Our Artificial
Intelligence-based technology can, simply by connecting it to current
systems and allowing it to observe, identify threats to our commercial
and national infrastructure, be it computer networks, smart utility
grids, energy, logistics, infrastructure and more. We need to rapidly
and simultaneously move into these new vertical markets to explore the
many ways in which our technology can be used, while expanding our
footprint in existing markets. Access to public funds will position us
for simultaneous penetration into these markets and allow us to expand
the company while producing exponential returns for our investors."
BRS Labs is also conducting a search for a new location for its Houston
headquarters. Currently located in the Uptown Houston area, the company
is targeting a single structure building, as it would allow BRS Labs to
house its own cloud storage facility onsite. The company currently works
with third-party cloud providers; however, the expected exponential
growth will likely require in-house data facilities to meet the growing
here to read the recent Houston Business Journal article: What's
Next for BRS Labs and Founder
For more information about BRS Labs AISight, go to www.brslabs.com.
About BRS Labs
BRS Labs builds self-learning behavioral recognition software for
enhanced safety, security, and operational efficiency. These highly
automated solutions dramatically improve situational awareness and
incident response across complex physical environments. Patented
artificial intelligence technology accurately identifies threats in real
time and deploys quickly as enterprise software, monthly lease, or
Software-as-a-Service (SaaS (News - Alert)). BRS Labs is headquartered in Houston, with
offices in Washington, DC, London, Sao Paulo, and Barcelona.
Visit us on:
AISight® is a registered trademark, and Behavioral Recognition™ is a
trademark, of Behavioral Recognition Systems, Inc. Any other trademarks
mentioned are the property of their owners.
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