Infinova Announces Acquisition of March Networks

  • Dec 09, 2011

Infinova (Canada) Ltd., a subsidiary of majority U.S.-owned Infinova, a global provider of complete video surveillance solutions headquartered in Monmouth Junction, N.J., has entered into an agreement to acquire March Networks Corporation, a provider of intelligent IP video solutions and the market leader in DVR/NVR sales in the U.S., based in Ottawa, Ontario, for approximately $90.1 million Canadian.

"The combination of Infinova’s global robust manufacturing, research and development capabilities and March Networks’ innovative technological design provides our customers with industry-leading, complete video security solutions,” said Dr. Jeffrey Liu, chairman of Infinova. “This transaction increases our combined global presence and elevates us to a position among the top 10 in the global security and surveillance market in terms of revenue.”

March Networks will be a wholly owned subsidiary of Infinova (Canada) Ltd., operating independently under its existing name and brands. The acquisition is intended to drive growth through both companies’ complementary product and service offerings.

“We have always been a technology leader with forward-thinking ideas and cutting-edge design,” said Peter Strom, president and CEO of March Networks. “Now we will have Infinova’s additional research and design resources as well as manufacturing expertise. These advantages will help us remain among the leaders in the industry by enabling us to bring more innovative products to the market at an accelerated pace.”

In 2010 Infinova was listed on the Shenzhen Stock Exchange and raised USD $300 million to support organic growth and fund acquisitions. The acquisition of March Networks, Infinova’s first, shall be completed with cash on hand. Closing is subject to shareholder approval of both companies and regulatory approvals.

Featured

  • It Always Rains in Florida

    Over the years, and many trips to various cities, I have experienced some of the craziest memorable things. One thing I always count on when going to Orlando is a massive rainstorm after the tradeshow has concluded the first day. Count on it, it is going to rain Monday evening. Expect that it will be a gully washer. Read Now

    • Industry Events

  • Live from GSX 2024 Preview

    It’s hard to believe, but GSX 2024 is almost here. This year’s show runs from Monday, September 23 to Wednesday, September 25 at the Orange County Convention Center in Orlando, Fla. The Campus Security Today and Security Today staff will be on hand to provide live updates about the security industry’s latest innovations, trends, and products. Whether you’re attending the show or keeping tabs on it from afar, we’ve got you covered. Make sure to follow the Live from GSX page for photos, videos, interviews, product demonstrations, announcements, commentary, and more from the heart of the show floor! Read Now

    • Industry Events

  • Elevate Your Business

    In today’s dynamic business environment, companies specializing in physical security are constantly evolving to remain competitive. One strategic shift these businesses can make to give them the advantage is a full or partial transition to a recurring revenue model, popularly called a subscription service. This approach will bring numerous benefits that not only enhance business stability but also improve customer relationships and drive innovation. Recurring monthly revenue (RMR) or recurring annual revenue (RAR) are two recurring cadence choices that work simply and effectively. Read Now

  • Playing a Crucial Role

    Physical security technology plays a crucial role in detecting and preventing insider cybersecurity threats. While it might seem like a stretch to connect physical security with cyber threats, the two are closely intertwined. Here’s how physical security technology can be leveraged to address both external and internal threats. Read Now

Most   Popular

Featured Cybersecurity

Webinars

New Products

  • AC Nio

    AC Nio

    Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions. 3

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis. 3

  • HD2055 Modular Barricade

    Delta Scientific’s electric HD2055 modular shallow foundation barricade is tested to ASTM M50/P1 with negative penetration from the vehicle upon impact. With a shallow foundation of only 24 inches, the HD2055 can be installed without worrying about buried power lines and other below grade obstructions. The modular make-up of the barrier also allows you to cover wider roadways by adding additional modules to the system. The HD2055 boasts an Emergency Fast Operation of 1.5 seconds giving the guard ample time to deploy under a high threat situation. 3