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 *** ** ** $1M+. **** *** *** that **** *** *** be "* *** **** aggressive" ** *******, ***** on ****** **** *** some ***** *** ******* previously ********.

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

****** **** ***** ******** and ** ******** ** information ******* *** ******* "up **" * *** efficiency *********** *** ********* by ******** ***** ****** and ***** ****** ***** the ******** ***** ******** take, **** ** ******* up *** *********** ******* to *********** * **** event. **** ***** ***** exaggerated, *** ********* ** prove ** ** ****** setting.

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 *********. ***** *** not ** ******** *******, and **** **** ****** of ******* **** ******-*** VMSes, ***** **** **** to ***** *** ***** pool. ****** **** ** least **** **** *************** with ***** ** ********, but ****** (**** ** Fortem's ********, *** ******'* company) **** ** ***** a *********** ***** ** this *** *** ******* to ******** ******** ******.

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.

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

Sighthound Transforms Into Enterprise AI Provider on Jun 14, 2019
Sighthound is now rapidly expanding its R&D team, building an enterprise AI service. This may come as a surprise given their origins 6 years...
False Verkada 'Unrivaled' Low Light Performance Claim Removed on Jun 12, 2019
Verkada falsely claimed that it delivered 'UNRIVALED LOW LIGHT PERFORMANCE' until IPVM questioned. In fact, Verkada's low light performance is...
Carnegie Mellon AI Startup Zensors Profile on Jun 11, 2019
Zensors is a startup formed by Carnegie Mellon graduates from a Carnegie Mellon research project, offering customized models per camera that they...
Startup Rhombus Systems Says Twice the Features, Half the Price of Verkada on Jun 04, 2019
Closed cloud systems may be the fastest growing segment of video surveillance with Meraki and Verkada. Now another California company is joining...
China / US Trade War Impact Splits Industry on Jun 04, 2019
As the trade war continues to heat up, 170+ integrators told us "What impact will the US / PRC China conflict have on the industry?" Respondents...
Panasonic Sells Off / Spins Out Security Business on Jun 02, 2019
Panasonic has sold off its security systems business to a private equity firm, after suffering years of challenges. The new company, which will...
Vidsys New President Interviewed on May 31, 2019
A decade ago, PSIM was hot with projections then of a billion dollar market by now. This has not come close to happening. However, Vidsys, one of...
Verkada Favorability Results 2019 on May 29, 2019
Verkada has taken the industry by storm with the fastest growing video surveillance sales organization ever and a half billion dollar valuation....
Dahua USA Celebrates 5 Years of Errors on May 22, 2019
Dahua USA is, in their own words, 'celebrating' 5 years in North America or as trade magazine SSN declared: Dahua Technology finds success in...
Bluecherry Open Sources Entire VMS on May 13, 2019
Bluecherry announced they have "released the entire Bluecherry software application open source with a GPL license". We spoke to Bluecherry's...

Most Recent Industry Reports

Sighthound Transforms Into Enterprise AI Provider on Jun 14, 2019
Sighthound is now rapidly expanding its R&D team, building an enterprise AI service. This may come as a surprise given their origins 6 years...
ADT Eliminating Acquired Brands, Unifying Under 'Commercial' Brand on Jun 14, 2019
ADT is eliminating the brands of the many integrators it has acquired over the past few years, including Red Hawk, Aronson Security Group (ASG),...
NSA Director Keynoting Dahua and Hikvision Sponsored Cybersecurity Conference on Jun 13, 2019
The technical director for the NSA’s Cybersecurity Threat Operations Center will be keynoting a physical security cybersecurity conference that is...
Farpointe Data Conekt Mobile Access Reader Tested on Jun 13, 2019
California based Farpointe Data has been a significant OEM supplier of conventional access readers for years to companies including DMP, RS2, DSX,...
Embattled $400 Million China Funded Philippines Surveillance System Proceeds on Jun 13, 2019
An embattled 12,000 camera surveillance system project that will cost ~$400 million will proceed.  The project contract was awarded, had its...
False Verkada 'Unrivaled' Low Light Performance Claim Removed on Jun 12, 2019
Verkada falsely claimed that it delivered 'UNRIVALED LOW LIGHT PERFORMANCE' until IPVM questioned. In fact, Verkada's low light performance is...
Manufacturer Favorability Guide 2019 on Jun 12, 2019
The 259 page PDF guide may be downloaded inside by all IPVM members. It includes our manufacturer favorability rankings and individual...
Camera Course Summer 2019 - Register Now on Jun 12, 2019
Register for the Summer 2019 Camera Course.  This is the only independent surveillance camera course, based on in-depth product and technology...
Favorite Wireless Manufacturers 2019 on Jun 12, 2019
Many wireless options exist for video surveillance but how are integrator's overall favorites? 170 integrators answered the question: What is...
Carnegie Mellon AI Startup Zensors Profile on Jun 11, 2019
Zensors is a startup formed by Carnegie Mellon graduates from a Carnegie Mellon research project, offering customized models per camera that they...

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