VIENNA, VA – July 25, 2013 ─ VidSys, a leading provider of Physical Security Information Management (PSIM) software, today announced that NewSpring Capital led a $15.65 million equity financing in VidSys. NewSpring Capital, a Radnor, Pa., family of private equity funds, invested through NewSpring Growth Capital, the firm’s dedicated technology and business services growth equity fund. Also participating were VidSys’ existing investors: Atlanta Equity, Flybridge Capital Partners, JVax Investment Group and Motorola Solutions Venture Capital.
VidSys provides a transformational PSIM software platform used to run operations centers for public sector agencies and leading businesses globally. The platform continuously fuses and instantly correlates vast amounts of data gathered from any number or virtually any type, brand or generation of physical security system or sensor, as well as from networked management applications. The result is actionable intelligence that empowers decision makers from a single organization or multiple entities – however geographically dispersed – to collaborate in real time. By leveraging mobile devices, the software also provides instant situational awareness and mission-critical intelligence to first responders, senior executives or other authorized parties.
Marc R. Lederman, NewSpring General Partner, has now joined the VidSys Board of Directors. “In today’s security environment, a unified platform that provides actionable data will protect assets and potentially save lives. With this investment, NewSpring looks forward to helping VidSys build upon their market leading position,” said Lederman. “NewSpring is excited to partner with VidSys’ subject matter expert management team and believes the company will continue its stellar growth.”
“VidSys is delighted to partner with NewSpring Growth Capital and grateful for the strong support of NewSpring and our existing investment partners. The market for our software platform is expanding rapidly on a global basis. This investment will help VidSys grow and continue to innovate at a pace that matches market demands,” said Michael P. Jackson, chairman and CEO of VidSys. “Our rapidly-evolving integration platform facilitates cloud-based solutions and the convergence of a common operating picture linking security systems, building management systems and IT network management tools for asset owners globally. As a core asset and information management tool, the VidSys platform also facilitates seamless interoperability among multiple independent organizations that require close coordination for incident management related to critical infrastructure, both public and private.”
NewSpring Capital, based in Radnor, PA, is a leading provider of private equity capital focused in the Mid-Atlantic region. NewSpring Capital currently has over $950 million of assets under management. The family of funds consists of: (i) NewSpring Growth, which invests equity capital in businesses exceeding $5mm in revenue within the business services, enabling technology and information technology sectors to support growth, recapitalizations and mergers & acquisitions; (ii) NewSpring Healthcare, which invests equity capital in businesses exceeding $5mm in revenue within the healthcare services, specialty pharmaceutical and medical technology sectors to support growth, recapitalizations and mergers & acquisitions; (iii) NewSpring Mezzanine, which partners with business owners and financial sponsors to provide mezzanine debt and equity to support growth, acquisitions and recapitalizations with companies exceeding $20mm in revenue and $2mm of EBITDA; and (iv) NewSpring Holdings, which focuses on control buyouts and platform builds, targeting profitable growing companies between $5 and $25 million of revenue in the business process automation, services, software and niche manufacturing/ distribution sectors. NewSpring Capital combines deep operating knowledge with financial and investing expertise to provide growing companies the financial resources, advice, network of contacts and strategic partnerships necessary to be successful. To learn more about NewSpring Capital, please visit www.newspringcapital.com.