BRS Labs Announces Plan to Go Public
The firm is looking for a new CEO to help BRS Labs go public so it can raise funds to continue its aggressive expansion.
HOUSTON – Behavioral Recognition Systems (BRS Labs), an Artificial Intelligence-based analytics solution provider, is searching for a new CEO to take the company public.
Ray Davis, chairman of BRS Labs, recently stepped down from his position as CEO to devote his time to the strategic direction of the company. Davis is currently looking for a candidate to take the firm public, ideally a Houston resident who has operational experience leading a company through the process of going public.
“Based on the growth we have experienced here at BRS Labs, the time is right for us to take the company public,” Davis says. “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-percent share of the video analytics market and recently made a successful expansion into the Supervisory Control and Data Acquisition (SCADA) 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.
The firm is also in the process of seeking 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 demand.
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