OnSSI Gets $16 Million Funding

By: John Honovich, Published on Jul 11, 2017

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.

***** *** *** * rollercoaster **** *** *****. Between********* *** ******* ******,******** ** **** ****** OEM ******* ************ ****** ********* ******* *** two, ***** *** *** its **********.

***, ***** *** ******* $16 ******* ** *******.

** **** ****, ***** on ******** **** *****, we **** ** *** they **** ** *** the ******* ** **** as ********* *** ****** and ***** ** *** move.

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

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

***** ** ********* $** million ** **** ********* from******** *******, ** **** *** parties ******** ** *** first ** *********** ******** rounds ** *******. ******** has ********** ****** *** security ********, ********** ********* DVTel.

Revenue / ******

******** ** *******, **** financing ** ****** *********** as ** ******** ***** / ******'* ******* ** be ** $** - $30 ******* *****. ***** declined ******* ** ***** revenue.

***** *** *** ******* growth *** ** ****** digits ** **** **** 2016, ***** ** * positive, *** ***** *** challenges **** *** **** few *****, *** ******* trend ** *** *****.

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

***** **** ***** **** be * **** *** of *****:

  • ****** ******** / ********* line. ***** **** ** not **********, **** *** providers *** ***** ***** own ******** / ********* lines *** ***** ***** who **** * ******* deployment *** **** ******** over *************** *** ***** equipment. ********** *** *** replacing ***** **** ******** generally *** *** ********* preferring ******* ** *** market ** *********** *** something ***** ** ******* currently.
  • ***************** ***** ************, ** offering **** ****** *** been ********* ** ******. ***** ********* **** as *** ********* ********* tracking ******** **** **** cameras *** ** ******** from *** *********** ******** camera / ********** ******. They **** ** **** business *********** ********** *** expand ********* *** **** offering.
  • ******** ******* ******. ***** says **** **** **** more ****** *** ***** existing ******** ********* ***** and *&* ***********. **** is *****'* ******** *** listings [**** ** ****** available] ****** ***** ******** that *** ******** ** not **** *** **** they **** ** ****.

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

***** **** **** *** legal ****** **** ************ ****, ****** **** they "******* * **********", **** they *** "***** **** the ******" *** **** it ********* ** ***** 2017. ** *** ******** comment **** ********* *** will *** ** ** when **** ** ********.

Debt *****

**** *** ******* ** debt ****** **** ****** poses **** ****, ********* and ************ ** *** industry. ** **********, **** needs ** ** **** back **** ********, ***** means *****, ** **** point, **** **** ** pay **** ****. ***** declined ******* ** *** debt's *********. **** ************ to *** ********, ******* industry ******** *** *********** with *** **** ** the ******, ******* ** industry ******* ******* ********'* ***** / ****** challenges.

***** ********* ** *** question ***** **** ** equity ******:

**** *** ******** *** OnSSI ******* **** *** debt ******** ** *** most ********* *** ** the *******, ***** *** upside *** ******** ********* moving *******.

Outlook ******

***** **** ******** *** either ** **** ***** way ** ****** ************* / *********** **** **** or ** ** ********. Many ********* **** **** acquired **** *** **** few ***** ** ***** is ********** * ***** record *** ****. *******, given ********** ** *********** those ************ (****'* ***** acquisition ** *** **** example) *** *****'* ******** structure (* *** ** PSIM-Lite *******, ** **** sometimes **** **********, **** owns ******* *** *******) could **** ** *********** less ********** (** ***** to **).

***********, ******* $** ******* in *******, ***** *** challenges ** *** **** few ***** *** ***** the ***** ** *** industry, ** ************** * win *** *****. ***, they **** ** *** that ******* ** ******* well **** *** **** few *****.

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

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