Vidsys Being Acquired, Employees Laid Off

By John Honovich and Sean Patton, Published Nov 10, 2020, 10:18am EST

One of the last remaining PSIM players from the market's heyday of a decade ago, Vidsys, is being acquired and employees are being laid off.

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Inside this note, we look at the prospective acquirer, what potential they have for Vidsys, and what this means for the PSIM market.

Executive *******

********* ** * *********** sources ***** ** *** company, ****** ** ***** sold ****** ********, * ** ***** security ********. ** *********** with ****, ******** ****** employees **** **** **** off ** *** **** month.

******** **** ******** ** both ****** *** **** Security ********** **** *** returned.

Vidsys *******

****** ******** **** ** millions ** ** ******* over *** **** ** years, ** **** ******* from********* *********:

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*** **** ******** ********* by *** ******* ***$** ******* ** ****.

******* **** ****,*** ******* **** *** funding** ** ** $* million, ********* ** **** saved ** **** ****:

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Revenue *** ******

** ******** ****** ****** revenue ** $* ******* or ****, ***** *** limited ****** ** *********, the ***** ****-***, *** the ******* ****.

Price **** *** ******

** ******** **** *** a **** **** *** the ***** **** *** Vidsys *** $* ******* or ****, ***** *** company's *** ******* *** the ******* ****.

Customers ********* - ******

*** ****** ** **** Vidsys **** **** **** large ********* *** ***** customers, ***** *** ********** development ******** *** *** difficulty ** *********. *** Ares, *** ********* **** exist *** *********** ******** for *********** ** ********* these *******, **** ** the *********** ** ******* new ****** ******* ** low.

PSIM ******* ****** **********

*** **** ****** *** faced ******** **** *********** VMS *** ****** ******* vendors ****** **** ********, typically ** ************* ***** prices, **** ******* ********** offering ****** **** ***** and ****** ******* *********.

********, ******* *** ****-********** to ***** *****-****** ********** platforms **** *********** ******* VC ***********, ******* ***** may **** **** ** a **** **** ****** a ****** ***.

Ares ******** ***********

**** ******* ** **** as * ******** *********** firm ******* *** *** US ***, *** *** spun *** ** * commercial ******** ** ****. Ares *** ~** ********* ****** ** LinkedIn, ********* ** ***** and **********, **** **** than ** ********/*********** *********.

**** *** *** *** PSIM ********,***** **, ******** *** ******* PSIM *********, ***** ****-******** environments.

************* ** ****** **** a "$*** ******* ******* indefinite-delivery/indefinite-quantity ********"*** ******** ******** ********** with *** ** ***'* Joint *** ****** ******* and ******* *****.

Other **** *****

******* ** *** ********** for *****, ***** **** become ****** ** *** last *-* *****, ** acquisition ** ***-**-****, *********:

Future ** **** ****

**** *** *** ** Vidsys *** *** ** companies **** ****, **** marks *** *** ** an *** *** ****. While ********* ******** ** the ******** ********** **** PSIM *** **** ******* market ********* *** *****, this **** ****** ******** to *** ******.

** *** ***** ****, integrating ******* ******* ** not ***** ****. ******, now **** **** ****, various ********* **** '*******' or *********** ** ******* security *******. *******, *** category ** ** *********** company / **** ******** working ** ********* ******* 3rd ******* *** ***** are ** **** **** the **** ******** ** coming ** ** ***.

Comments (22)

Undisclosed End User #1

11/10/20 05:18pm

** ****** * ****** on **** ***.

**** ***** **** ** "Yes, ** *** ** that" *** ******'* ******* on **** ********.** ****** like **** **** ********** features ** *** ****.

** **** ** ****** out ** * **** with ****.

******* ****. *** ***'* be ******.

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Undisclosed Manufacturer #5

In reply to Undisclosed End User #1 | 11/11/20 06:23pm

***'* **** *** **** providers ****? *** *** them ** ******* ***** custom ************? *********, ** with * *** **** already ********** **** **** product.

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John Honovich

IPVM | In reply to Undisclosed Manufacturer #5 | 11/11/20 06:26pm

***'* **** *** **** providers ****? *** *** them ** ******* ***** custom ************?

*************, *** ***** *** that **** ********* ***** have **** ** ************ already **** *** *** end **** ***** **** buy * ******* **** them (*.*., * ********* between ********* ****** **** and ****** ****** *******, etc.). ** ********, ***** was * *** ** custom ***********, ***** ***** are ******** ** ******** platforms *** ***** *** most **** ********* **** small *** **** ********** integrations **** * ***** number ** ***.

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Undisclosed End User #1

In reply to Undisclosed Manufacturer #5 | 11/11/20 08:36pm

* ******'* **** ** integration ** ******** ********** with * *** ****** control ******** "******". ** were ******** ***** ** it **** **** ** were ****** ** **** them ******* * ******** feature.

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Luis Carmona

IPVMU Certified | In reply to Undisclosed Manufacturer #5 | 11/11/20 10:57pm

* ***** * *** of ********* (** ****'* and ***** ********) *** not ********** **** **** customers **** ******** ***** of ****. ****'* *** I ***** ********* ***, "If **'** ****** *** this ***********, *** **** it? ** *** *** it *** **** ****** it ** ****** ****, profiting *** *** ****? How ***** ** ** get * ******* ** the ***** ****** *** paid *** **, **** way ** **** ***?"

********'* **** ** ********** development ***** ** * cost. ***** *** ******** and ******** ** ********* products *** *****. *** can't ****** * ******* developer ** **** *** cost ** ** *********** that ***** *** **** up ***** *** ***** 2 ** ***** *****. But * ***** ** more ********* *** ********** it **** * ****** risk/opportunity ***********, ********* ***** have ****** ********** *** costs *** **** **** willing ** **** **** in ***** ** ******** payback.

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John Honovich

IPVM | In reply to Luis Carmona | 11/11/20 11:05pm

****, **** ******. * would *** **** ** any ** *** **** companies ****** *** *** really ****** **, **** could **** **** **** successful. ** ********* ** that *** ********* ** scale *** ****** *********** in ****. ***** **** integration ************ ** **** expensive *** ** * PSIM *** **** ** thousands ** *********, ********** they ***** **** ********* every *********** ** ***********. This ***** ****** * virtuous *****, ***** *** more ********* **** ***, the ***** *** **** (or ****** *** *******) for **** *** ********.

** ******, ** **** ever *** ***** ** this.

** *** *****, ** 2030, ** **** *** be ****** ** ** Verkada ** ****** *******, so ** ***'* **** to ***** ***** ****, I ** *******, * think...

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Abdelhamid Metwally

IPVMU Certified | 11/10/20 06:31pm

** ****** ** ***** that **** ********* ****'* like ********* **** ***** or *********** ********** ** be **** ** * unified ******* *** ******* platform *** **** **** just ******** (*** ****** like *** *** ***** low ******* ******* **** as **** *** ***** systems). * ****** **** trend ** ********.

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Undisclosed Manufacturer #6

In reply to Abdelhamid Metwally | 11/12/20 02:43pm

**********,

******* ******** ****. *** state **** ***** ** positioning ****** ** * command *** ******* ********. I ***** ******** **** as ******* ***** ** say "****". *** ** you ************* ******* *** two?

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Undisclosed End User #2

11/10/20 06:33pm

*** ****** ****** ** the ***** **** *** of *** **? **** appear ** **** * reasonable ******** ****

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Undisclosed Manufacturer #3

11/11/20 08:24am

********* ** ** **** have **$ *******, *** you **** **** **** 5M$?

*****://***.***.***/********-*********/*******-********.**********.********************************.****#**********-******

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John Honovich

IPVM | In reply to Undisclosed Manufacturer #3 | 11/11/20 11:56am

**** *** *** **** and *** ********* ** 'modelled':

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** ****** *** ***** anywhere ***** ** $* million *****, ** ****, with ~** *********, ***** would ** ** **** for *******.

**** *******, * ********* not ******* *** ***** in ***** *******, *.*.,*** '********' **********'* ********** **** **** **** of **** *** ******* actually ******** **** ****:

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*** **** *****'* '*****' *** ******* Optix'* **** *******:

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**** **** ***** ******* Optix *** * *********.******** ******* ** ********* for ******* *****.

**** **** ****?

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Undisclosed Manufacturer #4

11/11/20 05:19pm

*** *** *** ****** leaders (*** *) ** the **** *****? * know ********'* ***** ** used ******, *** ***'* know **** ***** ******* is.

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John Honovich

IPVM | In reply to Undisclosed Manufacturer #4 | 11/11/20 05:21pm

*** ***** * **** companies ****? * ** kidding, ****** *** **'* such * **** ****** with ** *** ******* left *** ** ****** revenue *** **** **** I ***** **'* **** to *** *** ** a / *** ******.

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Abdelhamid Metwally

IPVMU Certified | In reply to John Honovich | 11/11/20 05:31pm

** ***** ** *********** if **** *** **** a ********** ******* *** feature's ** ******** **** Axxonsoft, ***** *** ******* that **** ****-**** ******** and "****" ****'*.

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Undisclosed Manufacturer #7

11/12/20 02:56pm

* ****** ** *** of *** **** ********* about * ** * years ***. * ****** liked *** ******* *** the **********. *******, *** business ***** **** ***'* there. **'* * ***** idea, *** *************, * just ***'* ***** *** money ** *****.

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John Honovich

IPVM | 11/23/20 01:22pm

****** ******* *** **** down *** ** ***** the **** *+ ****:

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Undisclosed Manufacturer #7

In reply to John Honovich | 11/23/20 01:41pm

****'* ****** *** - it ****** ** ***** redirect ** **** ********. I ****** ** ***** is ******* *** ** not ***** **** *** deal **** **** *** credentials ** *** ******? I ****** ** *** whois ****** *** *** domain *****'* ****** *** another * ***** - so **'* *** * payment *****.

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John Honovich

IPVM | In reply to Undisclosed Manufacturer #7 | 11/23/20 01:48pm

***** ** * ********* issue, **** *** ******* and ******* *** ***** who ** ********* *** ensuring *** ******* ** up. **********, ******, ******* the ****** ******* ** is ** *********** *** useful ****** ***** ** have.

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Andrew Myers

In reply to John Honovich | 11/23/20 02:23pm

* ***'* ***** **'* a ****** ** ******* it **. * ***** it *** ***** ****. Instead ** ** ******* certificate (* ****** *********** issue), **** ** * handshake *****. ** **** allow *** ** ******* on **** *** (*****), but ** ***** ** complete *** ***** *********. Also **** ** ******* a *** *** ***** when *** ** ******://******.***, ** * **** there ** ***** ** nginx ****** *******. *'* thinking **** ****'** ** the ******* ** *************** the ****** *** ****** to *** ** * redirect.

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John Honovich

IPVM | In reply to Andrew Myers | 11/23/20 10:47pm

****** ********* ** **, though ** ** ***** down ***:

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** **** ****** ** up **** ***** / should **** ** * full ******** ***. ********* may ***** ** ******** but ***, **** ** this ************, ** ******* companies ****, ** *****, to **** ** *** appearance ** ********.

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John Honovich

IPVM | In reply to John Honovich | 12/01/20 06:39pm

******'* ******* ** ***** down, * **** *****.

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Undisclosed End User #8

11/23/20 04:16pm

*********, ** **** * problem :-(

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