Increasing Adoption of Physical Security Information Management Software Worldwide Driving Company’s Rapid Growth
Vienna, VA ─ October 19, 2011 ─ VidSys, the leading provider of Physical Security Information Management (PSIM) software that allows organizations to resolve business and security situations in real time, today announced it was named one of North America’s fastest growing companies on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Propelled by significant demand for and adoption of its PSIM software, VidSys experienced significant growth from 2006 to 2010. VidSys was the only PSIM provider to be included on the list.
The VidSys PSIM software system integrates, correlates and analyzes data across disparate security systems and devices (e.g. video, access control, sensors, analytics, networks, building systems, etc.), providing the intelligence and appropriate standard operating procedures necessary to empower personnel to identify and proactively resolve situations in real time. Public and private organizations worldwide that implement PSIM technology benefit from lower risk, increased security, faster response to situations, better compliance with policies and lower operational costs.
“Both public and private organizations are increasingly looking for ways to increase security and respond faster and more effectively to unfolding situations by ensuring the right people have the right information at the right time,” explained Chuck Teubner, chairman and CEO, VidSys. “This recognition as one of Deloitte’s 2011 Technology Fast 500 reflects our rapid growth spurred by an increasing number of organizations across the globe investing in our PSIM technology to proactively manage safety and security situations and threats.”
“VidSys, like all 2011 Technology Fast 500™ companies, have excelled in fostering innovation and channeling it into spectacular growth — against the backdrop of one of the most challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. “Deloitte recognizes VidSys for its remarkable accomplishment.”
“We are pleased to honor VidSys as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, VidSys has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.