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Vizsafe Completes New Round of Financing to Further Expand Business

Vizsafe, Inc. is pleased to announce it has closed a debt financing with a strategic lender that provides the company with the working capital to execute rapidly expanding customer purchase orders and enhance sales and support activities. The infusion of capital will help Vizsafe achieve high growth sales projections for 2022 and beyond.

“Vizsafe has emerged as a market leader with proven solutions that improve health, safety and security for numerous Fortune 500 companies and government organizations. Over the past two years, we have increased revenue 1,000% through our growing network of marquee customers and channel partners, which represents more than $400 million in new products and software subscription services revenue potential,” said Peter Mottur, President and CEO of Vizsafe. “This new round of financing enables us to efficiently address the overwhelming demand for our best in class products and services both domestically and Internationally.”

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Some of Vizsafe’s enterprise customers and users include Bank of America, CBRE, Cushman & Wakefield, Detroit Public Schools Community District, LAZ Parking, Marsh & McLennan, NFL, Parsons Corporation, Philips, Quest Diagnostics, Select Medical, T-Mobile, the U.S. Department of Veteran Affairs and numerous other public sector organizations.

Vizsafe’s patented Geoaware technology solutions are being used every day to protect millions of employees, contractors and visitors at high profile facilities and venues globally. Using real-time data analytics and reporting, Vizsafe’s customers are able to greatly reduce risk and enhance response with actionable intelligence. Vizsafe’s robust Software as a Service (SaaS) platform is currently processing more than 5 million transactions per month across thousands of locations using their intelligent algorithms. Since the release of the Geoaware Access products and services suite just over one year ago, Vizsafe has built a data set for customers of over 100 million records.

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[To share your insights with us, please write to sghosh@martechseries.com]

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