Vidsys Seeks Funding

Author: John Honovich, Published on Aug 03, 2009

According to V/B Research, PSIM provider Vidsys is looking for more funding. Vidsys wants to complete a Series C rounds and is interested in $5M USD from an outside investor to close the round. This would be in addition to $13 M USD previously raised. In the report, Vidsys claims they will be profitable in 2010.

Ironically, Vidsys recently ran a webinar defending the existence of successful PSIM deployments while acknowledging that most were for very large organizations (watch the webinar video). With very few potential customers, even if each deal is a million dollars, it's just not a large market, especially if the company needs $20M or more in investment to get there.

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