OnSSI Gets $16 Million Funding

By John Honovich, Published Jul 11, 2017, 08:51am EDT (Info+)

OnSSI has had a rollercoaster past few years. Between acquiring VMS company Seetec, breaking up with former OEM partner Milestone and a rocky migration between the two, OnSSI has had its challenges.

Now, OnSSI has secured $16 million in funding.

In this post, based on feedback from OnSSI, we look at how they plan to use the funding as well as analyzing the impact and risks of the move.

Funding ******** - ****

***** ** ********* $** ******* ** debt ********* ************ *******, ** **** *** ******* ******** as *** ***** ** *********** ******** rounds ** *******. ******** *** ********** within *** ******** ********, ********** ********* DVTel.

Revenue / ******

******** ** *******, **** ********* ** fairly *********** ** ** ******** ***** / ******'* ******* ** ** ** $15 - $** ******* *****. ***** declined ******* ** ***** *******.

***** *** *** ******* ****** *** up ****** ****** ** **** **** 2016, ***** ** * ********, *** given *** ********** **** *** **** few *****, *** ******* ***** ** not *****.

Expansion / *** ** *****

***** **** ***** **** ** * main *** ** *****:

  • ****** ******** / ********* ****. ***** this ** *** **********, **** *** providers *** ***** ***** *** ******** / ********* ***** *** ***** ***** who **** * ******* ********** *** less ******** **** *************** *** ***** equipment. ********** *** *** ********* ***** COTS ******** ********* *** *** ********* preferring ******* ** *** ****** ** significant *** ********* ***** ** ******* currently.
  • ***************** ***** ************, ** ******** **** Seetec *** **** ********* ** ******. ***** ********* **** ** *** logistics ********* ******** ******** **** **** cameras *** ** ******** **** *** traditional ******** ****** / ********** ******. They **** ** **** ******** *********** management *** ****** ********* *** **** offering.
  • ******** ******* ******. ***** **** **** will **** **** ****** *** ***** existing ******** ********* ***** *** *&* consultants. **** ** *****'* ******** *** listings [**** ** ****** *********] ****** OnSSI ******** **** *** ******** ** not **** *** **** **** **** to ****.

Milestone ********** ****

***** **** **** *** ***** ****** with ************ ****, ****** **** **** "******* * **********", **** **** *** "happy **** *** ******" *** **** it ********* ** ***** ****. ** are ******** ******* **** ********* *** will *** ** ** **** **** is ********.

Debt *****

**** *** ******* ** **** ****** than ****** ***** **** ****, ********* and ************ ** *** ********. ** definition, **** ***** ** ** **** back **** ********, ***** ***** *****, at **** *****, **** **** ** pay **** ****. ***** ******** ******* on *** ****'* *********. **** ************ to *** ********, ******* ******** ******** are *********** **** *** **** ** the ******, ******* ** ******** ******* profits ********'* ***** / ****** **********.

***** ********* ** *** ******** ***** debt ** ****** ******:

**** *** ******** *** ***** ******* that *** **** ******** ** *** most ********* *** ** *** *******, given *** ****** *** ******** ********* moving *******.

Outlook ******

***** **** ******** *** ****** ** grow ***** *** ** ****** ************* / *********** **** **** ** ** be ********. **** ********* **** **** acquired **** *** **** *** ***** so ***** ** ********** * ***** record *** ****. *******, ***** ********** in *********** ***** ************ (****'* ***** acquisition ** *** **** *******) *** OnSSI's ******** ********* (* *** ** PSIM-Lite *******, ** **** ********* **** themselves, **** **** ******* *** *******) could **** ** *********** **** ********** (or ***** ** **).

***********, ******* $** ******* ** *******, after *** ********** ** *** **** few ***** *** ***** *** ***** of *** ********, ** ************** * win *** *****. ***, **** **** to *** **** ******* ** ******* well **** *** **** *** *****.

Vote / ***** ******

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