Security

The Rise and Fall and Rise of PSIM

Physical security information management (PSIM) has experienced a severely elongated hype-cycle since its first emergence in the mid-2000s, never really able to live up to the huge potential it promised. However, a flurry of activity this month has reinvigorated the discussion around the ambitious security approach. In this research note, we chart the history and potential future of unified security management in buildings and cities. The Rise of PSIM Ten years ago, the hype around PSIM was rising as funding flowed into the space. The technology’s pioneers were growing rapidly as a flurry of startups entered the market. Out of the 67 physical security industry alliances we identified in our 2014 report, 20% involved PSIM companies as many scrambled to get a piece of the action. On September 21st 2016, Everbridge went public at an initial public offering price of $12.00 per share. Founded in 2002, initially as 3N Global, Everbridge helps governments and enterprises […]

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