Funds to be used to further R&D and Global Expansion
Vienna, VA ─ September 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.”