Tag: Peter Strom
Delta to acquire global video surveillance provider March Networks
October 5, 2021SSN Staff
TAIPEI and OTTAWA, Ontario—Delta, a global leader in power and thermal management solutions, has announced its board of directors has approved the purchase of 100 percent of shares in Infinova (Canada) Ltd., owner of Canadian-based video surveillance and business intelligence leader March Networks.
According to terms of the deal, Delta is purchasing March Networks from Infinova International Ltd. for $114 million through its subsidiary Delta International Holding Limited...
March Networks’ new compliance solution
June 12, 2020SSN Staff
OTTAWA, Ontario—March Networks’ Health Compliance Solution helps enterprise businesses manage new health and safety compliance regulations in the COVID-19 era. It features a suite of new features that empower banks, retailers, restaurants, schools and other businesses monitor and measure occupancy in real time, rapidly detect individuals who may pose a potentials risk and ensure compliance with new cleaning and sanitization procedures.
“COVID-19 has created unprecedented challenges and...
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...
ASIS 2011: News and notes from the show floor
September 22, 2011SSN Staff
ORLANDO, Fla.—There was plenty of news being made at ASIS 2011, which took place at the Orange County Convention Center Sept. 19-21. Below are some editor round-ups from ventured out onto the show floor to collect news and other goings-on.
Here's Martha's round-up:
The ASIS news started rolling in well before the show floor opened with the news released around 7 a.m. yesterday that Tyco International plans to split into three independent, publicly traded companies.
Over...