Canadian-based video surveillance and business intelligence leader March Networks® today announced the completion of its acquisition by Delta, a global leader in power and thermal management solutions. Through its subsidiary Delta International Holding Limited B.V., Delta acquired 100% of the shares in Infinova (Canada) Ltd., owner of March Networks, from Infinova International Ltd.
Headquartered in Ottawa, Ontario, Canada, March Networks is a global leader in enterprise video surveillance and video-based business intelligence solutions. The company works with many Fortune 500 businesses including leading banks, retailers, and transit agencies, as well as commercial and government organizations.
“With Delta’s support, March Networks will accelerate its transition toward cloud video surveillance services,” said March Networks President and CEO Peter Strom. “We’re excited to be working with Delta as our new parent company, and we look forward to the projected growth of the cloud video market.”
The acquisition of March Networks is expected to strengthen Delta’s presence in the video surveillance market beyond VIVOTEK, of which it owns a majority stake. It will also complement Delta’s building automation solutions. March Networks will continue to operate as an independent brand, while the existing March Networks executive management team, led by Strom, remains in place. Houlihan Lokey acted as the exclusive financial advisor to Infinova and March Networks for this transaction.
About March Networks
March Networks® helps organizations transform video into business intelligence through the integration of surveillance video, analytics, and data from business systems and IoT devices. Companies worldwide use our software solutions to improve efficiency and compliance, reduce losses and risk, enhance customer service and compete more successfully. With deep roots in video security and networking, March Networks is also recognized as the leader in scalable, enterprise-class video management and hosted services. We are proud to work with many of the world’s largest financial institutions, retail brands, cannabis operators and transit authorities, and to deliver our software and systems through an extensive distribution and partner network in more than 70 countries. Founded in 2000, March Networks is headquartered in Ottawa, Ontario, Canada. For more information, please visit marchnetworks.com.
