Congrats!
OnSSI Gets $16 Million Funding
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 / ***** ******