Leading provider of Physical Security Information Management software
Atlanta Equity Fund, LP (“Atlanta Equity”) announced today it has consummated a growth capital investment in VidSys, Inc. (“VidSys”) with participation from existing investors. Headquartered outside of Washington, DC, and formed in 2005, VidSys is a leading provider of Physical Security Information Management (“PSIM”) software. VidSys software facilitates the effective monitoring and control of disparate physical security devices including video cameras, entry control systems, alarms and fire, chemical and other sensors. In addition to enabling access to and control of all these typically incompatible systems across a wide geographic area, VidSys provides an intelligent and configurable “front end” that (i) automatically correlates data across multiple physical security systems, (ii) brings all the security assets to bear on a given situation, (iii) presents and automates standard operating procedures, configured to the client’s specific protocols, for the particular situation and (iv) allows security personnel in a command center to “push” data, video and other communication to other security personnel and first responders in real time. The result is lower costs and improved response times, as well as improved response consistency/effectiveness, in an environment where threats to government and commercial assets (both physical and cyber) are increasing steadily.
David Crosland, Atlanta Equity, co-managing partner, commented, “My partners and I look forward to working closely with the VidSys management team to deploy Atlanta Equity’s capital into critical personnel and infrastructure investments that will drive accelerated growth.” Chuck Teubner, CEO of VidSys, added, "Atlanta Equity’s capital will provide VidSys with the foundation to scale our business in anticipation of explosive growth in demand for VidSys’ PSIM applications worldwide. Atlanta Equity also brings a value-added investor base that includes the CEO of a major physical security systems integrator and a large security services firm.” Paul, Hastings, Janofsky & Walker LLP served as legal counsel to Atlanta Equity. Kelley Drye & Warren LLP served as legal counsel to VidSys.
About Atlanta Equity
Atlanta Equity is a private equity firm with $109 million in capital under management, focused on making investments in growth companies primarily in the Southeast. Established in 2007, Atlanta Equity focuses on deploying capital in lower middle market companies with revenues between $20 million and $200 million and EBITDA greater than $5 million. The firm particularly favors investments in business and healthcare services, specialty manufacturing, technology, consumer products and services and selectively retail.
For more information, please visit www.atlantaeq.com.
About VidSys
Established in 2005 and headquartered in Vienna, Virginia, VidSys is the leading provider of PSIM software that enables organizations to reduce operational costs, improve situation response times and leverage existing physical security devices, while reducing risks and providing greater protection of assets. Its award winning Open PSIM Platform and multi-vendor video and situation management software is running in numerous command centers including some of the largest in North America within both the Public and Commercial sectors.
For more information, please visit www.vidsys.com.