Schaumburg, Ill. and Vienna, Va., 21 May 2007 –
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 centres 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 centres 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 centre personnel to focus on
protecting people, assets, and infrastructure rather than the underlying
technology.”
About VidSys
VidSys is a leading provider of Physical Security Information Management (PSIM)
solutions and the only operations centre 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 centres 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.
Source: Motorola press release
