Fortem gets $1.43m investment
MONTREAL—Fortem, a developer of PSIM based here, today announced that several members of the Anges Quebec group, the Anges Quebec Capital fund, and other private investors have invested $1.43 million in its Omnipresence 3D security system, according to a company statement.
To maximize its current rate of growth, Fortem’s current round of funding remains open to an additional $2.1 million of investment until Feb. 2, 2013.
Omnipresence 3D enables security managers and police departments to unify disparate security systems and databases into a common 3D interface.
“With this round of investment, we will be well positioned to meet demand and become a leader in this market, projected to exceed half a billion dollars by 2015,” Christian Laforte, president and CEO of Fortem, said in the statement. “We appreciate the support that Anges Quebec has shown us, through their investment as well as through their network of successful entrepreneurs, which amplifies the potential of innovative companies like ours.”
Fortem’s clients include large enterprise, transit systems, universities, and the defense departments of allied countries.