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.

**** *** * *** of ************,*** **** *** ******** in ****, *** **** ************** ****** **** *** get ** ** **** action, *** *** ********* the ******* ** ********* acquirers.

** **** ****** ** have ******* ** ****** and **** *** **** to *** *** ******* up *** ****, ***** on * ************ **** Fortem's ***.

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

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)

robert tabbara

12/20/16 09:27am

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

Avatar

Christian Laforte

In reply to robert tabbara | 12/20/16 03:25pm

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.

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