A government filing reveals that Proximex has raised modest new investment. The SEC filing dated January 29, 2010, Proximex disclosed that it raised $1.39 Million USD.
This is the first public investment activity we have seen since NICE acquired Orsus (a Proximex rival) in November 2009. That acquisition raised concerns because the price was only $22 Million plus, in the disclosure around the deal, it was acknowledged that Orsus's revenue was under $10 Million (low given that an individual PSIM project can easily be $500,000).
In an email message, Proximex responded to our request for comment by saying, "Proximex does not comment on financial matters as they are a privately-held company." It's hard to assess exactly how strong or weak a position is Proximex. On the other hand, PSIM is widely now acknowledged as a very high end niche product. Proximex is attempting to expand the use of PSIM with a lower cost PSIM appliance that was announced a few months ago.
Related Reports
3VR Firesale to Identiv
on Feb 07, 2018
A decade ago, 3VR raised more than $60 million to deliver facial surveillance and video analytics in a '3rd generation' video recorder.
Now, 3VR...
The 2018 Surveillance Industry Guide
on Jan 16, 2018
The 300 page, 2018 Video Surveillance Industry Guide, covering the key events and the future of the video surveillance market, is now available,...
Honeywell Crowdfunding Bombs
on Nov 08, 2017
100,000+ employees and $40,000,000,000 in annual revenue. That's Honeywell.
~200 backers and ~$67,000 in funding in a week. That's Honeywell...
Assa Abloy Acquires August
on Oct 25, 2017
The mega access control manufacturer, Assa Abbloy, has acquired one of the most well funded access control startups, smart lock...
ASIS Show 2017 Final Report
on Sep 27, 2017
ASIS is in Dallas for 2017 and this is our final show report (compare to our 2016 ASIS show report).
When walking in, one is greeted with Dahua's...
Most Recent Industry Reports
DMP Adds Ring Video Doorbell Integration
on Apr 24, 2018
Video doorbells have become one of the hottest items for security systems. After several years with no doorbell, DMP has announced integration with...
Milestone 2017 Financials Examined
on Apr 24, 2018
For ISC West 2018, Milestone released ... their financials, touting "strong revenue growth in 2017". However, there were discrepancies with the...
Favorite Biometrics 2018
on Apr 23, 2018
Biometrics are on the rise, or at least integrator opposition to them is declining, according to new IPVM integrator statistics.
Almost half of...
May 2018 Camera Course
on Apr 20, 2018
Save $50 on early registration until this Thursday, the 26th. Register now (save $50) for the Spring 2018 Camera Course
This is the only...
April 2018 IP Networking Course
on Apr 19, 2018
This is the last chance to register for our IP Networking course. Register now.
NEW - 2 sessions per class, 'day' and 'night' to give you double...