Friday, August 19, 2022

March to buy Italian video vendor

March Networks Corp. of Ottawa has agreed to acquire an Italian video surveillance vendor, Cieffe S.p.A. of Milan.

The vendors announced Thursday they had reached a definitive agreement, expected to close in March, whereby March will pay 14 million Euros in cash and six million Euros worth of stock. Under the agreement,

March would also acquire a related company, Insignis Technologies S.r.l. Cieffe makes video encoders, Internet Protocol cameras and video management software, plus a megapixel speed dome camera.

From Network World Canada

Terry Matthews sounds off

March, which is chaired by telecom industry veteran Terry Matthews, was founded in 2000 when Telexis Corp. was spun off by Newbridge Networks, which was since bought by French telecom equipment maker Alcatel SA.

March’s products include R5 Video Intelligence, a software line that includes an operating system and is designed for surveillance systems operating over Internet Protocol networks and on Windows-based servers.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Related Tech News

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.