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VidSys raises US $15.65 mln in new financing

July 25
2:17 PM 2013

VidSys, a specialist in physical security information management or PSIM, revealed on Thursday that it closed US $15.65 million in equity financing led by NewSpring Capital. Existing investors Flybridge Capital Partners, Atlanta Equity, Motorola Solutions Venture Capital and JVax Investment Group also joined in the round.

With the new investment, said NewSpring General Partner Marc R. Lederman, the company is looking forward to helping VidSys build upon its strong position as the market leader in PSIM.

"In today's security environment, a unified platform that provides actionable data will protect assets and potentially save lives," he said. "NewSpring is excited to partner with VidSys' subject matter expert management team and believes the company will continue its stellar growth."

VidSys distributes a software application to run the nerve centers of businesses and government agencies. The software constantly monitors and collates data allowing users to access and share data in real time, regardless of location.

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