VidSys Receives $3M Venture Loan from Horizon Technology Finance

VidSys Inc., a Vienna, Virginia-based provider of Physical Security Information Management (PSIM) software, received a $3m venture loan from Horizon Technology Finance Corporation (Nasdaq: HRZN).

Commenting on the financing, John F. Bruno, Chief Financial Officer & SVP of VidSys, said”..The $3 million venture loan we received from Horizon enhances our liquidity and strengthens our ability to reach key corporate milestones and continue to grow our business“.

Led by CEO Michael P. Jackson, VidSys provides a transformational Physical Security Information Management (PSIM) software platform used to run operations centers for public sector agencies and leading enterprise organizations globally. The platform combines vast amounts of data gathered from any number or virtually any type, brand or generation of physical security system or sensor, as well as from networked management applications to create actionable intelligence that empowers decision makers from a single organization or multiple entities to collaborate in real time. By leveraging mobile devices, the software also provides instant situational awareness and mission-critical intelligence to first responders, senior executives or other authorized parties.



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