For Sale: PSIM Provider Seeking Offers

Author: 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.

**** *** * *** ** ************,*** **** *** ******** ** ****, *** **** ************** ****** **** *** *** ** ** **** ******, *** are ********* *** ******* ** ********* *********.

** **** ****** ** **** ******* ** ****** *** **** led **** ** *** *** ******* ** *** ****, ***** on * ************ **** ******'* ***.

[***************]

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

*** ******* *** ******** **** ****** *******, *** **** **** the ******* **** **** ***** ******. *** ***** ****** ** important, ** *** ******* *** **** *********** **** ** ***, and ********* **** ********** **** * ******** ******, *** ****** also ***** ** **** *** *********** ** ******** ** ******* and **** *** *******. **** ***** ** **** ******* ****** down *** ********* ******** **** ***** **** ******* ******'* ******* and ******* *** **** ** ********* *******.

Fortem **********

*** ******* ** ***** ** ********, *** *** ******* ** 2005, ********** ** ******** **** ** ********* **** ****** *** Apple, *** **** ******* ** ******** ******** ** ****. ** that **** *** ******* ****** ~$**, ******* *********** **** ******** and ******* *********. **** *******, *** ******* **** *****, *** primarily ******* *** ******* ** ** **** *****, ****** **** did ******* ** ********** $** **** * ******* *** *********** in ***** ** *** ****-******* ******, ******* ** **** ****** below.

********* *** ******* ******* * ******, **** **** * **** of **+ ********** **** *** ******* *** ****** ** ************ sell *** ****** *** *******.

****** *** ******** * ********* ***** **** ******** ** ******** of *** ******* *** ******** ************:

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

************ **** ******'* **** ********, ***** ******** **** ******** ********* ***** in ***** ****'*: *****/***** ********, ********* ******** ********, ****** ******** optimization, *** ********** ** ******** ****** *****. **** ***** *** offering ******, ********* ** ******, ** *** ** ************ ************, which ****** *********** ** ** ********* ** *** ******** ** a *** **** ********* ******** *** ******** ********. * ***** overview ** *** ******** ** ***** ** ******'* **** *****:

Active *********

***** ** **** **** ********* **** ** *** **** ******, where ****** ****** ** **** *** ******* ******** **** ********** across ****** ** ******** *****, **** ******* ******** *******. ********* fit *** ******* ** ******* **** *****: ******* ********, ***** cities, ********.

Software *****

**** ********** ** **********, * ******** ******** *** **** ****'*, and ****** **** ******* ************* **** ***** ****** $***,***, *** may *** ** ** $**+. **** *** *** **** **** can *** ** "* *** **** **********" ** *******, ***** on ****** **** *** **** ***** *** ******* ********** ********.

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

****** **** ***** ******** *** ** ******** ** *********** ******* can ******* "** **" * *** ********** *********** *** ********* by ******** ***** ****** *** ***** ****** ***** *** ******** would ******** ****, **** ** ******* ** *** *********** ******* to *********** * **** *****. **** ***** ***** ***********, *** difficult ** ***** ** ** ****** *******.

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

*** ** ******* ** ***** ***** * **** *******, **** prototype ******** ****** *** ********* **** ********** **** ******* ** augmented ******* *******, **** ** ************ ********. *** ******* ***** **** **** ******* ************* ********** **** other **** *********, *** **** *********** *********** ********** *********** ***** to ** ********* ****** *** ********* ** ***** *** *******. Though ** **** *** **** *** **** ******, *** *** see **** ** *** ************* ** *** ********* ******* ********* in **** *****:

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

*** ******* ****** ** ********* **** * ***** ******* ** Asia, ***** **** *** ******* *********** ** ******* *******, ** exchange *** * $** ******* ** ******. *** ******* **** this *** *** ** **********, *** *** ******* *** ** controlling ******** ** *** *******, *** **** ** **** ******* sales ************* ** **** *** **** * *** ****** *** Fortem's. **** *********** ***** ***** ********* ********* *** ** ******** that ** ******* ****** ** *** ******** ****** *** ******** other ***** ********/******** ** ****.

Challenges *** ******

******* ****** *** **** *************, **** ** **** *****-*** *********. ***** *** *** ** everyday *******, *** **** **** ****** ** ******* **** ******-*** VMSes, ***** **** **** ** ***** *** ***** ****. ****** does ** ***** **** **** *************** **** ***** ** ********, but ****** (**** ** ******'* ********, *** ******'* *******) **** to ***** * *********** ***** ** **** *** *** ******* to ******** ******** ******.

Potential *********

* ***** *****-******** ******* ***** ****** **** *** **** **** for ******, *** **** *** ********** ** ********* * **** platform, *** * **** ***** *****, **** ** *** **** of ******* **** ** **** **-**** ** * ***** *********** company **** ********* ******* ********/**********/******** **** *********. * ***** ********** like **********, ***, ** ******* ***** **** **** ****** ***** own **** ******** ***** ******* **** ******* ** ************* ********** and ***** ****** ********** ********* ** ***** ******* *********.

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.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

The Fastest Growing Video Surveillance Sales Organization Ever - Verkada on Apr 17, 2019
Verkada has the fastest growing video surveillance sales organization ever. In less than 2 years, they already have more salespeople in the US...
Strong ISC West 2019 For Manufacturers But Concerns For 2020 March Move on Apr 16, 2019
ISC West 2019 was strong for manufacturers, according to new IPVM survey results of 100+ manufacturers, consistent with 2018 results. However,...
Alarm.com Favorability Results 2019 on Apr 15, 2019
The once dot com startup has evolved to become a core provider for home security and is now expanding into commercial. In their first entry in...
ISC West 2019 Report on Apr 12, 2019
The IPVM team has finished at the Sands looking at what companies are offering and how they are changing their positioning. See below for 50+...
UK Installer CCTV Aware - Flat Pricing, No Salespeople on Apr 10, 2019
This is a different kind of company. They do flat pricing, they do not have any salespeople and 50% of their sales are sold and booked...
Startup iryx Launches, Led by Ex-Arecont and FLIR Executives on Apr 04, 2019
Suddenly, the video surveillance industry is witnessing a new wave of startups. Now launching is iryx, a startup led by veterans of 2 of the...
Airship VMS Profile on Apr 03, 2019
Airship has been developing VMS software for over 10 years, however, with no outside investment, and minimal marketing, the company is not well...
Dahua Favorability Results 2019 on Apr 01, 2019
Dahua favorability declined, in IPVM's 2019 integrator favorability series, driven by their backdoors, resulting in mass hacking and US government...
Cambium Wireless Video Surveillance Profile on Mar 27, 2019
Cambium Networks, spun out of Motorola Solutions in 2011, says "outdoor durable radios are in their DNA" and they are targeting video surveillance...
Panasonic Favorability Results 2019 on Mar 27, 2019
Panasonic favorability declined, as the company struggled to find its way amidst a changing market and its ill-timed decision to become a Dahua...

Most Recent Industry Reports

Access Control Course Spring 2019 - Last Chance on Apr 19, 2019
This is the last chance to register for the Spring Access Control Course. IPVM offers the most comprehensive access control course in the...
Riser vs Plenum Cabling Explained on Apr 18, 2019
You could be spending twice as much for cable as you need. The difference between 'plenum' rated cable and 'riser' rated cable is subtle, but the...
Verint Victimized By Ransomware on Apr 18, 2019
Verint, which is best known in the physical security industry for video surveillance but has built a sizeable cybersecurity business as well, was...
Milestone Drops IFSEC on Apr 18, 2019
Milestone has dropped out of Europe's largest annual security trade show (IFSEC 2019), telling IPVM that they "have found that IFSEC in EMEA no...
The Fastest Growing Video Surveillance Sales Organization Ever - Verkada on Apr 17, 2019
Verkada has the fastest growing video surveillance sales organization ever. In less than 2 years, they already have more salespeople in the US...
Door Operators Access Control Tutorial on Apr 17, 2019
Doors equipped with door operators, specialty devices that automate opening and closing, tend to be quite complex. The mechanisms needed to...
Securadyne CEO: IPVM 'Entertaining For An Ignorant Few' on Apr 16, 2019
Securadyne's CEO Carey Boethel is unhappy with IPVM's report - Failed Integrator Rollup, Securadyne Sells to Guard Giant Allied. Indeed, he...
Dahua Repositionable IR Multi-Imager Camera Tested on Apr 16, 2019
Dahua has released their first repositionable multi-imager camera, the Multi-Flex 4x2MP, claiming integrated IR, true WDR, and flexible...
Strong ISC West 2019 For Manufacturers But Concerns For 2020 March Move on Apr 16, 2019
ISC West 2019 was strong for manufacturers, according to new IPVM survey results of 100+ manufacturers, consistent with 2018 results. However,...
Axis Supports HD Analog on Apr 15, 2019
In 2017, Axis declared 'Everything is IP': Now, in 2019, Axis has released support for HD analog, with their new encoders.  Why the change?...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact