SOURCE: VidSys

VidSys

September 15, 2011 09:00 ET

VidSys Secures Funding to Accelerate Rapid Growth & Address Global PSIM Demand

Funds to Be Used to Further R&D and Global Expansion

VIENNA, VA--(Marketwire - Sep 15, 2011) - VidSys, the leading provider of Physical Security Information Management (PSIM) software that allows organizations to resolve business and security situations in real time, today announced that Cisco has made an equity investment in VidSys. Current investors Atlanta Equity, Flybridge Capital Partners, JVax Investment Group, and Motorola Solutions also participated. VidSys plans to use these funds to further accelerate the company's rapid growth, to support global PSIM demand and for the continued research and development of VidSys products.

"There are numerous challenges for organizations to pro-actively resolve business and security solutions in real time, and therefore to effectively and efficiently manage day-to-day operations," stated Chuck Teubner, CEO, VidSys. "We are excited about the Cisco investment and will use these funds to develop further solutions where the VidSys PSIM software is a key part of the solution that helps organizations overcome these challenges and better protect the safety and security of their people, property and assets around the world."

Cisco's investment in VidSys extends its existing relationship with the PSIM provider, which is also a Cisco Technology Development Partner.

"PSIM software enables organizations to pool assets and information across their respective organizations for a complete view of situations, resulting in more effective situation management and better protection of assets, people and responders," stated Bill Stuntz, VP and general manager, Physical Security Business Unit, Cisco.

"We are pleased to be working with Cisco to help improve the safety and security of organizations," stated James Chong, founder and CTO, at VidSys. "The combination of Cisco's leading network technology and our leading PSIM software will not only help organizations identify and respond quickly and accurately to evolving situations but will also allow them to implement best-in-class security operations."

About VidSys
VidSys is the leading provider of Physical Security Information Management (PSIM) software that enables organizations to reduce operational costs and improve situation response times while reducing risks and increasing safety, security, and asset protection. Its award-winning Open PSIM Platform™ and multi-vendor video and situation management software, VidShield™ and RiskShield™ respectively, are running in numerous command centers including three of the top four cities in North America and a number of Fortune 100 global companies. Named winner of the PSIM System category in the 2010 GSN: Government Security News Homeland Security Awards, VidSys is also the founding member of PSIM Trends, a thought leadership site dedicated to discussing the PSIM industry. Privately funded by Atlanta Equity, Flybridge Capital Partners, JVax Investment Group and Motorola Solutions, the headquarters is located in Vienna, VA with additional offices in Massachusetts, the United Kingdom and the Middle East. For more information, please visit http://www.vidsys.com/.

Contact Information