March Networks Announces Acquisition Of Cieffe S.p.A -- Security Today

March Networks Announces Acquisition Of Cieffe S.p.A

Feb 07, 2008

March Networks, a provider of intelligent IP video and business analysis applications, announced recently that it has entered into a definitive agreement to acquire Cieffe S.p.A. and its related company Insignis Technologies S.r.l.

Cieffe, based in Milan, Italy, develops high performance IP video surveillance solutions used by organizations across Europe, the Middle East and Asia Pacific. Cieffe's products are used by European financial institutions and a number of high profile airport, government and commercial industrial clients for mission-critical security applications.

Cieffe's portfolio of interoperable encoders, IP and megapixel cameras, video analytics and advanced video management software has received numerous industry accolades, including two consecutive best-of-show awards at IFSEC, one of Europe's most prestigious security industry events.

The agreement calls for the payment by March Networks of 14 million euros in cash and 6 million euros in common shares for a total purchase price of 20.0 million euros plus an earn-out component of up to 10.0 million euros in cash. The agreement is subject to customary closing conditions and is expected to close by the end of March.

Cieffe's founder and CEO, Fabrizio Colciago, will continue as managing director and lead the ongoing evolution and growth of the Cieffe product line within the EMEA region.

"This is a strategic acquisition for March Networks that significantly strengthens our presence in the EMEA region as well as in the high-growth commercial industrial segment," said

Peter Strom, president and CEO, March Networks. "Cieffe's innovative product portfolio complements March Networks' existing solutions and enhances our position as a global supplier of comprehensive, open IP video management solutions."

Featured

Holistic Operational Orchestration Replaces Fragmented Physical Security Contracts

Static guarding models are giving way to agile, hybrid security ecosystems that blend edge AI analytics, mobile patrols and real-time dashboard tracking. Read Now
- Physical Security
- Artificial Intelligence
- Risk Management
Drone Detection Tech Integrates With Public Safety Software

A new technological alliance unifies airspace monitoring and ground-level security data to accelerate law enforcement responses to airborne threats. Read Now
Direct to Home Smart Security Platforms Shift Toward Elite Talent

Brinks Home builds an advanced, long-term talent infrastructure with proprietary tech to revolutionize seasonal sales and door-to-door retention. Read Now
- Integrated Home
- Dealers and Integrators
- Security Staffing
AI Deepfakes Force Fintech Identity Models Toward Cryptographic Proof

Traditional risk-scoring and behavioral authentication fail against generative AI, driving banks to adopt hardware-rooted cryptographic keys. Read Now
NAPCO Security Technologies Wins Stellar Service Award

Dealers recognize the security manufacturer for its exceptional recurring monthly revenue support and solutions. Read Now
- Dealers and Integrators
- Industry Events
- Emerging Technologies

Artificial Intelligence

Security Today eNews

Sign up today for essential industry news and product information that can help you stay afloat in the fast-paced world of security.

Email Address*Country*

Please type the letters/numbers you see above.

Webinars

Whitepapers

New Products

ResponderLink

Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.
Mobile Safe Shield

SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.
EasyGate SPT SPD

Security solutions do not have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demonstrated their Art of Security philosophy in practice — and confirmed their position as an industry-leading manufacturers of premium speed gates and turnstiles.