Montreal-based Fortem, creator of the Omnipresence 3D security system, announced that it has secured an investment of $1.43M from seven members of the Anges Quebec (AQ) group, the Anges Quebec Capital (AQC) fund, and other private investors. Of the investment raised, the AQC fund contributed $500,000 with an additional $525,000 contributed by individual members of AQ including Jean-Guy Gourdeau.
Montreal-based Fortem, creator of the Omnipresence 3D security system, announced that it has secured an investment of $1.43M from seven members of the Anges Quebec (AQ) group, the Anges Quebec Capital (AQC) fund, and other private investors. Of the investment raised, the AQC fund contributed $500,000 with an additional $525,000 contributed by individual members of AQ including Jean-Guy Gourdeau. To maximize its rate of growth, Fortem's current round of funding remains open to an additional $2.1M of investment until February 2nd, 2013.
Fortem provides a 3D software-based security integration platform, optimized to improve public and private security. Omnipresence 3D enables security managers and police departments to unify disparate security systems and databases into a common 3D interface. Fortem's clients include large enterprise, transit systems, universities, and the defense departments of allied countries. With Omnipresence 3D, security investigations which may have taken hours or days before are vastly accelerated. In the case of live emergency situations which a security department may face, Omnipresence 3D provides vital tools to increase responsiveness, enabling the use of valuable security technology even in high-stress situations.
The financing from AQ and the AQC fund will enable Fortem to increase its international sales operations and continue to develop patented technologies. “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,” said Christian Laforte, President and CEO of Fortem. “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 has already filed two patents in fifteen countries for its advanced algorithms, adapted from the video game industry. Before entering the security industry, Fortem developed 3D software for clients including Google and the Canadian Space Agency.
Jean-Guy Gourdeau, the angel investor who led the project for AQ, was convinced by the dynamic team at Fortem. “These are entrepreneurs with a clear vision of what they want to accomplish. They have been able to develop and push their technology very far, possessing an excellent understanding of the market they are addressing.” This opinion was shared as well by Fransois Gilbert, President and Director-General of Anges Quebec and Anges Quebec Capital. “Our members have invested with confidence in this company, which has developed a product that is technologically complex, yet offers great ease of use and meets a real need in the market by optimizing and simplifying security management.”