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VidSys gets $3m loan

January 16, 2013Martha Entwistle

FARMINGTON, Conn.—Horizon Technology Finance Corp. has provided a $3 million venture loan to PSIM provider VidSys.While the loan closed Nov. 15, Horizon did not announce the deal until Jan. 9. Horizon, which is based here, made a number of year-end deals and did not want to announce them all at one time, Gerald Michaud, president of Horizon, told Security Systems News.In business since 2003, Horizon does debt financing for development-stage technology companies that have equity sponsors.“All...

Flybridge Capital Partners, Gerald Michaud, Horizon Technology Finance Corp., Vidsys