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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, Jeffrey Lui, March Networks, Peter Strom, Stephan Cannellos