Published on 9 September, 2016
|Morphean plans to lead a new business model within the security environment: VSaaS
Morphean, Europe’s leading supplier of VSaaS (Video Surveillance as a Service) hosted video monitoring solutions, has announced a fresh injection of capital that will enable it to grow rapidly in this new and buoyant security market, using it to offer its platform all over the world.
This increase in capital was provided by the existing shareholders (iCortex, AM-Tec and Venture Capital Fribourg), as well as two new investors Swisscom Ventures and Swiss Securitas Group. Although they are minority shareholders, these two investors are of great strategic importance to Morphean.
Swisscom is providing its expertise in the field of telecommunications, the IoT (Internet of Things), Big Data and Business Intelligence. The fact that Switzerland’s leading security company, Swiss Securitas Group, has acquired a stake in Morphean supports our vision and confirms the importance of shifting the traditional security market towards VSaaS.
Changing face of security environment
Rodrigue Zbinden, CEO & co-founder of Morphean comments “With the support of our partners and bolstered by these new financial resources, I now have all the tools at my disposal to enable me to make my vision of turning the security market on its head a reality.” In the medium term, Morphean intends to open up its capital by means of an initial public offering (IPO), becoming the “leading pioneer” for this new business model within the security environment.