News & Updates - Friday, March 31, 2006
Burglar Alarms 2.0
We looked into Vigilos, a Seattle-based provider of enterprise physical security software. The company has raised $6M in a second-round funding led by return backer Northwest Venture Associates. Vigilos’ software platform is designed for government and businesses with one or more locations at which intrusion, access control, bar code, point-of-sale, video, audio and other physical security, transaction, and operational data is generated.
It seems like a smart idea. Security systems are generally from a previous generation. Vigilos is just bringing modern software and networking techniques. Founder and CEO Geof Barker co-founded The Cobalt Group, which did to the automotive industry what Vigilos wants to do to physical security. As co-CEO, Barker led Cobalt through a successful IPO. However, it does seem that Vigilos is having a bit of a slow start. It can be that way selling new apps into a space that isn’t accustomed to new apps.
Read – Vigilos Closes $6 million Financing (Press Release)
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