Motorola Invests in VidSys
Motorola, Inc. (NYSE:MOT) through Motorola Ventures, its strategic venture capital arm, today announced that it has made an equity investment in VidSys, Inc. VidSys is a leading provider of Physical Security Information Management (PSIM) solutions for safety, security, commercial, surveillance, military and transportation organizations. Financial terms of the investment were not disclosed.
PSIM is the marriage of video management for security and surveillance applications with incident and event management. This combination enables security personnel in operations centers to more efficiently manage situations.
“There is a need for a stronger convergence of physical and IT security assets in order to provide better response to public safety incidents and threats,” said Reese Schroeder, managing director, Motorola Ventures. “With a proven technology and an experienced management team, VidSys is well-positioned to help operations centers glean more intelligence from their security technologies and existing infrastructure to improve incident management.”
“This investment is validation of both the PSIM market and the breakout customer successes VidSys has achieved over the past few months,” said Chuck Teubner, CEO, VidSys. “It supports our aggressive push to provide a powerful, cost-effective platform that allows operations center personnel to focus on protecting people, assets, and infrastructure rather than the underlying technology.”
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of seamless mobility, the people of Motorola are committed to helping you connect simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering “must have” products, “must do” experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $42.9 billion in 2006. For more information about our company, our people and our innovations, please visit http://www.Motorola.com.
VidSys is a leading provider of Physical Security Information Management (PSIM) solutions and the only operations center software company that provides truly collaborative situational awareness for safety, security, military and transportation organizations. The VidSys platform is based on an open, hybrid architecture that integrates data from any video source, as well as any detection, monitoring or control system, allowing public safety and security personnel to focus on awareness, assessment and action. Founded in 2005, the company’s solutions are deployed in transportation, federal government, enterprise and state and local government applications, including some of the largest state and city command and control centers in the U.S. Privately funded by IDG Ventures Boston, the company has offices in Marlborough, Massachusetts and Vienna, Virginia. For more information, visit www.vidsys.com.
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