Mr. Schuster brings more than 13 years of global regulatory, intellectual property and corporate acquisition expertise to expanded role
VANCOUVER, March 19, 2015 /CNW/ - Avigilon Corporation ("Avigilon") (TSX:AVO), a leading global provider of end-to-end security solutions, today announced the promotion of Joel Schuster to chief legal officer, senior vice president and corporate secretary. Mr. Schuster leads Avigilon's global corporate governance and international tax compliance, in addition to overseeing the company's growing legal team in pursuit of mergers and acquisitions and intellectual property generation.
"Avigilon is experiencing tremendous growth, both organically and through the recent acquisitions of intelligent security technology and patents. Joel is providing vital leadership in these areas," said Alexander Fernandes, founder, president, CEO and chairman of the board, Avigilon. "Joel's promotion is well-deserved and recognizes the outstanding counsel he provides Avigilon. His leadership has been essential in helping our company secure what we believe is the strongest video analytics patent portfolio in the industry. In his expanded role, we will look to Joel to continue providing critical insight and leadership to support Avigilon's success."
Mr. Schuster joined Avigilon in October 2013 and has provided valuable legal guidance and leadership in a series of key transactions for Avigilon including:
- Securing $169 million in equity financing
- Acquiring VideoIQ, Inc. in November 2013 for $32 million
- Acquiring the patent portfolios of ObjectVideo, Inc., Behavioral Recognition Systems, Inc., FaceDouble Incorporated, ITS7 Pty Ltd. and VideoMining Corporation for total of $93.7 million
- Purchasing Avigilon's future global headquarters for $42 million, announced in February 2015
Prior to joining Avigilon, Mr. Schuster served as the general counsel and corporate secretary for three Vancouver-based public corporations. Mr. Schuster has practiced at top law firms in the United States and Canada, and is admitted to the bars of British Columbia and Massachusetts. He holds degrees in law and political science from the University of Toronto.
Avigilon Corporation is defining the future of protection through innovative end-to-end security solutions. Avigilon's industry-leading HD network video management software, megapixel cameras, access control and video analytics products are reinventing the security market. Information about Avigilon can be found at www.avigilon.com.
AVIGILON and other marks used herein are the registered and/or unregistered trademarks of Avigilon Corporation and/or its subsidiaries in Canada and other jurisdictions worldwide. Other product names mentioned herein may be the registered and/or unregistered trademarks of their
SOURCE Avigilon Corporation
For further information: Investor relations: Dennis Fong, Avigilon Corporation, T: (604) 629-5182 ext. 2515, [email protected]; Media relations: Brett White, Avigilon Corporation, T: (469) 484-5458, Ext 3063, [email protected]