Milestone Systems just opened a new high-tech office in Sofia, Bulgaria, on Thursday May 9. This location for the global provider of video management software is currently home to 150 employees, including a significant part of Milestone’s Research & Development organization, and it has been designed to support the wider community of technology partners.
Research & Development is a key element in Milestone’s commitment to accelerate innovation. The company will increase innovation capacity 45% by 2019 year-end, supporting development of unique innovations to meet future market demands in six key long-term focus areas. These R&D investments are taking place in multiple locations: Copenhagen (Denmark), Sofia (Bulgaria) and Barcelona (Spain).
The new offices in Bulgaria are the latest in a series of investments in people, innovation and the open platform community. Since October 2018 Milestone offices, Experience Centers and innovation hubs have opened in Sydney (Australia), Mexico City (Mexico), Lake Oswego (Oregon, USA), Breda (Netherlands), Stockholm (Sweden) and Reading (UK). Milestone Systems has offices and representations in 22 countries.
Lars Larsen, Chief Financial Officer and Head of People & Organization, welcomed guests at the Sofia launch, and commented: “This office opening happens at a great time for Milestone Systems. We just announced that Milestone delivered significant and satisfactory financial results in 2018. We are well on track to increase our development capacity by 45% by the end of 2019, and the new Sofia office is a substantial contribution to reaching this goal.”