For Sale: PSIM Provider Seeking Offers

By: Brian Karas, Published on Dec 19, 2016

2016 saw a lot of acquisitions, and more are expected in 2017, now PSIM vendor Fortem is hoping they can get in on this action, and are marketing the company to potential acquirers.

In this report we have details on Fortem and what led them to put the company up for sale, based on a conversation with Fortem's CTO.

What ****** ***** ** ***

*** ******* *** ******** some ****** *******, *** none **** *** ******* felt **** ***** ******. The ***** ****** ** important, ** *** ******* has **** *********** **** to ***, *** ********* that ********** **** * positive ******, *** ****** also ***** ** **** the *********** ** ******** to ******* *** **** its *******. **** ***** to **** ******* ****** down *** ********* ******** that ***** **** ******* Fortem's ******* *** ******* the **** ** ********* efforts.

Fortem **********

*** ******* ** ***** in ********, *** *** founded ** ****, ********** 3D ******** **** ** companies **** ****** *** Apple, *** **** ******* to ******** ******** ** 2008. ** **** **** the ******* ****** ~$**, between *********** **** ******** and ******* *********. **** funding, *** ******* **** sales, *** ********* ******* the ******* ** ** this *****, ****** **** did ******* ** ********** $3M **** * ******* for *********** ** ***** of *** ****-******* ******, covered ** **** ****** below.

********* *** ******* ******* 7 ******, **** **** a **** ** **+ previously **** *** ******* was ****** ** ************ sell *** ****** *** product.

****** *** ******** * marketing ***** **** ******** an ******** ** *** company *** ******** ************:

Current ******* ********

************ ** ** ******'* **** ********, which ******** **** ******** functions ***** ** ***** PSIM's: *****/***** ********, ********* response ********, ****** ******** optimization, *** ********** ** multiple ****** *****. **** makes *** ******** ******, according ** ******, ** the ** ************ ************, which ****** *********** ** be ********* ** *** operator ** * *** that ********* ******** *** incident ********. * ***** overview ** *** ******** is ***** ** ******'* demo *****:

Active *********

***** ** **** **** primarily **** ** *** APAC ******, ***** ****** claims ** **** *** largest ******** **** ********** across ****** ** ******** bases, **** ******* ******** cameras. ********* *** *** profile ** ******* **** users: ******* ********, ***** cities, ********.

Software *****

**** ********** ** **********, a ******** ******** *** many ****'*, *** ****** says ******* ************* **** start ****** $***,***, *** may *** ** ** $**+. They *** *** **** they *** *** ** "a *** **** **********" on *******, ***** ** having **** *** **** debts *** ******* ********** incurred.

10x ********** ******

****** **** ***** ******** *** 3D ******** ** *********** display *** ******* "** to" * *** ********** improvement *** ********* ** reducing ***** ****** *** other ****** ***** *** operator ***** ******** ****, such ** ******* ** and *********** ******* ** investigate * **** *****. This ***** ***** ***********, and ********* ** ***** in ** ****** *******.

Virtual/Augmented ******* ******* ** ***********

*** ** ******* ** being ***** * **** further, **** ********* ******** Fortem *** ********* **** interfaces **** ******* ** augmented ******* *******, **** as *** ********* ********. *** ******* ***** this **** ******* ************* themselves **** ***** **** platforms, *** **** *********** significant ********** *********** ***** to ** ********* ****** the ********* ** ***** for *******. ****** ** does *** **** *** full ******, *** *** see **** ** *** functionality ** *** ********* reality ********* ** **** video:

Exclusive ***** *******

*** ******* ****** ** agreement **** * ***** partner ** ****, ***** gave *** ******* *********** in ******* *******, ** exchange *** * $** payment ** ******. *** company **** **** *** not ** **********, *** the ******* *** ** controlling ******** ** *** company, *** **** ** have ******* ***** ************* in **** *** **** a *** ****** *** Fortem's. **** *********** ***** cause ********* ********* *** an ******** **** ** already ****** ** *** security ****** *** ******** other ***** ********/******** ** APAC.

 

Challenges *** ******

******* ****** *** **** disappointing, **** ** **** break-out *********. ***** *** *** an ******** *******, *** have some ****** ** ******* with ******-*** *****, ***** will **** ** ***** the ***** ****. ****** does ** ***** **** some *************** **** ***** 3D ********, *** ****** (both ** ******'* ********, and ******'* *******) **** to ***** * *********** value ** **** *** the ******* ** ******** investor ******.

 

Potential *********

* ***** *****-******** ******* would ****** **** *** best **** *** ******, the **** *** ********** of ********* * **** platform, *** * **** sales *****, **** ** the **** ** ******* that ** **** **-**** in * ***** *********** company **** ********* ******* military/government/aviation **** *********.  * large ********** **** **********, G4S, ** ******* ***** find **** ****** ***** own **** ******** ***** provide **** ******* ** differentiate ********** *** ***** highly ********** ********* ** their ******* *********.

Comments (2)

I have been thinking that this could be the next thing in surveillance. advanced 360 cameras with augmented reality. 

Hi, I'm the Fortem CTO and Founder. Thanks Brian for mentioning our company. 

Hi Robert, I agree, I think within a few years we should start to see more surveillance cameras with depth perception (a-la-Kinect, or Intel/Movidius). Some video analytics algorithms that are very hard with only color and IR images, become really simple when depth information is available, e.g. people counting. They will also make AR and 3D visualizations like ours much more powerful.

Although to be honest, I expected hardware to evolve much faster than it did. Our patents filed in 2009 already mentioned AR headsets that are finally coming to market this year.

Read this IPVM report for free.

This article is part of IPVM's 6,538 reports, 881 tests and is only available to members. To get a one-time preview of our work, enter your work email to access the full article.

Already a member? Login here | Join now

Related Reports

AHJ / Authority Having Jurisdiction Tutorial on Aug 06, 2020
One of the most powerful yet often underappreciated characters in all...
Disruptive Free Lead Generation Added To IPVM on May 15, 2020
IPVM has added lead generation for sellers, for free, disrupting the...
"Grand Slam" For Pelco's PE Firm, A Risk For Motorola on Aug 07, 2020
The word "Pelco" and "grand slam" have not been said together for many years....
Pivot3 Mass Layoffs on Mar 27, 2020
Pivot3 has conducted mass layoffs, the culmination of grand hopes, a quarter...
JCI / Tyco Security Products Layoffs on Jun 05, 2020
Johnson Controls / Tyco Security Products has confirmed COVID-19 related...
Costar Technologies / Arecont H1 2020 Financials Examined on Sep 16, 2020
Costar's financial results have been hit by the coronavirus with the company...
Verkada Speaks On Disrupting Security Sales Channel on Aug 28, 2020
Verkada's fast growth has taken the industry by storm and their enterprise...
IPVM To Disrupt Trade Shows With Launch of Online Shows on Mar 17, 2020
IPVM is launching Online Shows, a series of ongoing events that allow sellers...
Dahua Profits Surge Due To Fever Camera Sales on Aug 25, 2020
While Dahua's overall revenue is down, driven by challenges within China, the...
Startup Solink $17 Million USD Fund Raise Expands To Mass Market on Jun 24, 2020
Solink has raised ~$17 million USD, a sizeable round for the company that...
The Booming Multi-Billion Coronavirus Fever Camera Market on Apr 21, 2020
The market for elevated body temperature detection cameras, aka 'coronavirus...
Disaster Relief Loans For Integrators Examined on Mar 23, 2020
Integrators are being impacted by the coronavirus. Now, the US government is...
Fever Camera Sales From Integrators Surveyed on Jun 01, 2020
Fever cameras are the hottest trend in video surveillance currently but how...
Netposa Stock Surges 46% After US Human Rights Abuse Sanctions on May 27, 2020
Last Friday, the US government announced it would sanction PRC video...
Anixter Resisting Takeover From Competitor, Bidding War Emerges, Wesco Wins on Jan 13, 2020
Mega distributor Anixter is going to be acquired but by whom? Initially,...

Recent Reports

New Products Show Fall 2020 continues tomorrow with Genetec, Milestone, Avigilon, Microsoft and more! on Sep 29, 2020
IPVM's sixth online show continues tomorrow and will feature New Products...
Avigilon / Motorola VS Virtual ISC West on Sep 29, 2020
ISC West has historically been so dominant that no player would think of...
Dartmouth College Deploys K3 Temperature Screening on Sep 29, 2020
While Dartmouth College has a $6+ billion endowment, the College has bought...
Hanwha AI Object Detection Tested on Sep 28, 2020
Hanwha has added detection and classification of people, cars, clothing...
Favorite Access Control Manufacturers 2020 on Sep 28, 2020
200+ Integrators told IPVM "What is your favorite access control management...
OnTech Smart Services Partners With Google and Amazon To Compete With Integrators on Sep 25, 2020
A pain point for many homeowners to use consumer security and surveillance is...
The Future of Metalens For Video Surveillance Cameras - MIT / UMass / Immervision on Sep 25, 2020
Panoramic cameras using 'fisheye' lens have become commonplace in video...
Hikvision Sues Over Brazilian Airport Loss on Sep 24, 2020
Hikvision was excluded from a Brazilian airport project because it is owned...
China General Chamber of Commerce Calls Out US Politics on Sep 24, 2020
While US-China relations are at an all-time low, optimism about relations...
Verkada Disruptive Embedded Live Help on Sep 24, 2020
Call up your integrator? Have someone come by the next day? Verkada is...
IP Networking Course Fall 2020 - Last Chance - Register Now on Sep 23, 2020
Today is the last chance to register for the only IP networking course...
Drain Wire For Access Control Reader Tutorial on Sep 23, 2020
An easy-to-miss cabling specification plays a key role in access control, yet...
Norway Council of Ethics Finds Hikvision Human Rights Abuses "Ongoing" on Sep 23, 2020
Hikvision's involvement in "serious human rights abuse" in Xinjiang is...
IPVM Camera Calculator User Manual / Guide on Sep 23, 2020
Learn how to use the IPVM Camera Calculator (updated for Version 3.1). The...