Milestone creates incubation business unit
Milestone Systems has started up a new international business unit, Incubation and Ventures, with locations in Silicon Valley, Calif., and at the Danish headquarters in Copenhagen.
The company says the goal is to develop new products and services and to achieve growth by cultivating new Milestone ventures. To steer the new initiatives, Milestone has hired an experienced strategist, Lars Nordenlund Friis, as vice-president for Incubation and Ventures.
“The Incubation and Ventures business unit will work with groundbreaking innovations that can extend Milestone’s leadership in the industry and accelerate our growth. The team will work with a portfolio process that covers new business areas where we see high potential and integrate these into our main business as they mature. This requires taking a broad view across new technologies and business segments that will continue to build the Milestone vision to enable business optimization through open platform IP video surveillance,” says Lars Thinggaard, CEO & President, Milestone Systems.
Lars Nordenlund Friis has an MBA from Henley in London. He has been head of strategy in Northern Europe for PwC, a partner at PA Consulting, and spent six years at Microsoft in Seattle leading their global ISV (Independent Software Vendor) business, as well as being responsible for global business development at Columbus IT and other technology companies.
The Milestone Incubation and Ventures business unit will identify new opportunities in the markets, build up strategic partnerships and take in the most lucrative potential initiatives with the intention to integrate with the core business of the company. The unit will also involve strategic collaborations on interesting projects with business and financial partners.