Tag: PSIM
US a strong player in global PSIM market to 2024
January 27, 2017Spencer Ives
ALBANY, N.Y.—A new report from Transparency Market Research projects that the global PSIM market will grow from $823 million in 2015 to about $3.8 billion by 2024, at an 18.7 percent CAGR, with the North American segment commanding a large presence throughout.“In the U.S., the market is largely driven by more demand for situation awareness,” Yogendra Chauhan, assistant manager—information and communication technologies with TMR, told Security Systems News. This is because...
Edge360 to lead integration of PSIM solution for State Dept.
December 20, 2016Paul Ragusa
ASHBURN, Va.—Edge360, a global integrator of security technologies, will lead the development, integration and worldwide rollout of a Physical Security Information Management (PSIM) system in support of the State Department's worldwide upgrade as part of a recently awarded $73 million contract.Edge360 will support prime contractor, Communications Resource, Inc. (CRI), by providing subject matter expertise in the development, integration and installation of the platform that includes geo-spatial...
Vidsys gets $11 million
April 27, 2016Martha Entwistle
VIENNA, Va.—Software provider Vidsys on April 26 announced it closed an $11 million funding round, which Vidsys CEO James Chong told Security Systems News will be used for “global expansion and to provide the right level of customer support and engagement [for the Vidsys web-based platform.]”Vidsys, based here, originally known as a provider of PSIM (physical security information management) software, now refers to its software as CSIM, converged security information management...
SSN News Poll: PSIM definitions matter
July 21, 2015Spencer Ives
YARMOUTH, Maine—Definitions matter when talking about PSIMs, said 48 percent of Security Systems News' readers in the latest News Poll—it's difficult to sell what isn't understood, they said.A majority—60 percent—said a physical security information management system [PSIM] needs to be vendor agnostic and bring together disparate systems.“PSIM is a very unique and exact term in my opinion. It is a vendor that produces a 'manger of managers' type of platform,” said...
PSIM—Just another four-letter word
June 15, 2015Martha Entwistle
DELRAY BEACH, Fla.—Jim Henry of systems integrator Kratos PSS described "physical security information management"—PSIM—as a term that has confounded and bamboozled the security industry for 10 years.
“It's a four-letter word that belongs with other four-letter words,” he said, laughing. However, a TechSec 2015 educational session shed light on the term's meaning and how integrators should approach PSIM sales, according to Henry, who called the discussion...
SureView Systems: Timely deployment is key
April 14, 2015Martha Entwistle
TAMPA, Fla.—Rapid deployment of systems is a must to keep corporate customers happy, according to Graham Johnson, CEO of SureView Systems, a provider of command center and central station software.“Even if the product is good, if it takes two years to put in, the customer will have forgotten why they bought it before the installation is finished,” Johnson told Security Systems News.Among SureView's big wins in the past year was the installation of its command center software for...
PSIM market growth projected in North America
March 25, 2015Spencer Ives
LONDON—The PSIM market in North America will grow from $3.6 billion in 2015 to around $4.9 billion in 2019, according to a new TechNavio report.Physical security information management, or PSIM, is software that provides a platform so that a number of unconnected security applications and devices can be controlled through one interface.If TechNavio's growth production holds, the CAGR for PSIM in North America over the next four years would be 7.2 percent, senior industry analyst, Amrita Choudhury...
'20 under 40' integrators panel
February 25, 2015Martha Entwistle
DELRAY BEACH, Fla.—Cybersecurity, working with IT and the rewards of working in the security industry were topics touched on during the “20 under 40” Integrators' Perspective educational session at TechSec 2015, which took place here Feb. 3-4.
Four members of the “20 under 40” integrators Class of 2014 participated in the discussion: Sarah Jennings, COO, QuickPass; David Sime, VP of engineering and delivery, CONTAVA; Jim Lash, director of advanced IT installation,...
Vidsys founder James Chong named CEO
February 17, 2015Martha Entwistle
VIENNA, Va.—The new CEO of VidSys is not new to the company. James Chong, who on Jan. 26 was named CEO of the PSIM provider, founded VidSys in 2005 and has also served as CTO.Chong replaced Michael P. Jackson who had served as CEO since 2013.In his new role as CEO, Chong said he plans to “help accelerate our strategic growth as well as product innovation and direction.”VidSys sees “the opportunity to enter other markets we may not have played in as aggressively before.”...
PSIM provider sets up shop in DC
September 17, 2014Martha Entwistle
ASHBURN, Va.—Saying its customizable product sets it apart in the PSIM crowd, CNL Software announced Sept. 16 that it has opened its first North American office here, just outside Washington, D.C.Warren van der Merwe, U.S. VP business development for CNL, is heading up the North American operation for its IPSecurityCenter PSIM sales, delivery and training.With establishment of this office, CNL will be able to provide “dedicated technical support to its existing clients and [by] having...