Vidsys, a Vienna, Virginia, USA-based provider of enterprise Converged Security and Information Management (CSIM) software, raised $11m in funding.
The round was led by Harmony Partners with participation from existing investors NewSpring Capital, Atlanta Equity, Flybridge Capital Partners, and JVax Investment Group.
The company will use the funds to support its international business with customer support operations and product development initiatives, expand its Internet of Things (IoT) and virtualized services platform applications for smart and future cities, intelligent transportation, and advanced business intelligence solutions.
Founded in 2005 by James I. Chong, CEO and founder, Vidsys provides transformational Physical Security Information Management (PSIM) and Converged Security and Information Management (CSIM) software platform for brands and technology partners within key verticals, including Transportation, Energy, Utility, Healthcare, and Government.
The software is hardware, protocol, and device agnostic, and offers bi-directional, browser-based platform with industry-specific features and functions that allows sensors, devices, systems, subsystems, and services to be interconnected via open architecture APIs and SDKs. The platform collects, correlates and converts data into meaningful and actionable information, based on the organization’s risk policy, standards and compliance requirements.