Tag: Infinova
Infinova gets into DIY
October 29, 2014Martha Entwistle
MONMOUTH JUNCTION, N.J.—Video surveillance provider Infinova is getting into the DIY market, with planned acquisition of Swann Communications, an Australian company that has offices in the United States.Founded in 1987, Swann provides bundled video surveillance systems that include video cameras, infrared cameras, DVRs, NVRs and video monitors. Its products are sold through big box retail stores.The deal also brings with it 100 employees who have expertise in the DIY market, the connected home...
March Networks/Infinova deal likely to close in next few weeks
March 21, 2012Martha Entwistle
March Networks, provider of intelligent IP video solutions, announced yesterday that its shareholders approved the sale of the company to Infinova. The $88 million deal, announced in Decembermay close as soon as next week and before the end of April, according to a statement from March.
March is awaiting a "final order" from the Ontario Superior Court of Justice. The hearing is scheduled for this Friday.
Infinova to acquire March Networks for $88.2 million
December 9, 2011Martha Entwistle
MONMOUTH JUNCTION, N.J., and OTTAWA—In a deal designed to speed March Networks' entry into the Asian market and create one of the ten largest global players in the video surveillance industry, Infinova announced Dec. 9 that it will acquire March Networks in a cash deal worth $88.2 million (C$90 million).Infinova will pay $4.90 per share (C$5.00). March Networks will continue to operate independently from its headquarters in Ottawa, and will retain its name and other brands.
“We expect...
Infinova to acquire March Networks for $88.2m cash
December 9, 2011Martha Entwistle
In a deal that will speed March Networks' plan to expand into the Asian market, and create what Infinova says is one “10 largest global players in the video surveillance industry,” of IP video provider Infinova announced this morning that it will acquire IP video provider March Networks in a cash deal.
Infinova will pay $4.9 ($5.00 Canadian) per share. The total value of the sale will be about $88.2 million (or about $90m Canadian).
Infinova, which has its U.S. headquarters in Monmouth...
Infinova launches Certified Integrator Program
April 11, 2011Martha Entwistle
MONMOUTH JUNCTION, N.J.—Camera manufacturer Infinova will launch its channel partner program, called the Infinova Certified Integrator Program, at ISC West on April 6.
Integrators who join the program will receive differentiated pricing, warranties, products and services, Mark Wilson, VP marketing for Infinova said. They will be required to complete Infinova's Technical Product Certification program, which the company launched in December.
Nathan Needel, VP sales Infinova told Security Systems...
Infinova raises $300 m in IPO
January 7, 2011Martha Entwistle
MONMOUTH JUNCTION, N.J.—Video surveillance manufacturer Infinova announced Jan. 6 that it had taken the company public and raised $300 million with a Dec. 24 IPO on the Chinese Stock Exchange.
Why take the U.S.-based company public in China rather than in the U.S.? “That's where the money is,” Jeffrey Liu, Infinova CEO told Security Systems News. “You get more money for your shares if you go to China, and once you have the money, you can use it anywhere you want globally.”...
Infinova grows technical support staff
December 8, 2010SSN Staff
MONMOUTH JUNCTION, N.J.—Infinova on Dec. 7 announced that Jeff Hanna has joined the technical support staff at Infinova headquarters in the United States. Hanna is the latest hire to this key Infinova group which provides technical support for Infinova integrators in the Americas, Europe, Middle East, Africa and India.
Most recently, Hanna has been in electronic sales and support.