Aimetis Acquired by Magal S3 / Senstar

Published Apr 01, 2016 19:09 PM

Aimetis, a VMS company based out of Waterloo, Canada has been acquired by a division of Israeli company Magal S3.

We look at the low acquisition price and impact of this deal.

Magal ** **********

***** ** ********* [**** ** ****** available] the *********** *******, ****** ***** ******************* *** ****** ********.

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Aimetis ******* *****

******** *** **** ****** *** **** a ******, **** ******* ******** ** *** market.  **** ****** ********* ***** ******* **** ***** ******* *** generally ******** *********.

********, *******' *** ********, ** *** most **** ***** ** ***** ********.  Aimetis **** ********* **********, ***** **** ****** * ****** move ** *** *********, *** *********** *****.

Impact ** ******* ********

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Good **** *** *******

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$14M *********** - *** *********

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Few *********** ***'* ******

******* ***** * **** **** ** VMS ************-*********,***** *******,*****, *** *** ********* ** *** **** *********** *** **** ** ****** Next? ********** ** ** *********** ****** *** JCI.

*** **** ** *********** *** ********* grows ******* **** ****.

Comments (9)
Avatar
Ari Erenthal
Apr 01, 2016
Chesapeake & Midlantic

Not an April Fools joke, I hope? That is a suprisingly low price.

Avatar
Brian Karas
Apr 01, 2016
IPVM

It's real, few companies take an April Fools joke so far as an SEC filing.

And I agree on the low price a $14M exit is hard to see as any kind of a positive.

(2)
U
Undisclosed #1
Apr 01, 2016
IPVMU Certified

Has a reliable number for the Canon acquisition of Milestone yet surfaced? I know it has been guessed at being around 150-250 million, but that was obtained by guessing the multiple.

JH
John Honovich
Apr 01, 2016
IPVM

I have heard higher (towards $500 million price) as well but given their ~$75 million revenue at acquisition, it is hard to imagine Canon being that crazy...

Btw, and this is fairly obvious, but the multiple for Milestone is likely to be significantly higher than Aimetis given Milestone's much stronger brand / higher market position.

Avatar
Michael Budalich
Apr 01, 2016
Genetec

Wow. That is really low.

The list of acquired VMS companies is longer than the list of independent ones at this point... I hope there are no planned reductions in staff as part of this deal.

U
Undisclosed #1
Apr 02, 2016
IPVMU Certified

FWIW, Senstar is also a Canadian company.

U
Undisclosed #1
Apr 02, 2016
IPVMU Certified

Senstar has a broad range of outdoor sensor products, devices which are effectively useless without a visualization or alerting component.

Much like cameras. ;)

Avatar
Marc Pichaud
Apr 03, 2016

Aimetis has moved to VMS because the Analytic in early stage didn't bring so much revenues. Their revenue should be calcultated like for Milestone or Genetec, approx. 200 K$/employee Analytic doesn't generate higher value at the time being, vs VMS..

Now...the analytic is much more in the mood combined with Intrusion and access control. Having an analytic engines integrated to the VMS could be a great advantage. Very few have this, and some have to use complex external modules. I really thought that Axis would have purchased it, but Canon's initiative should have killed it in the egg.

Avatar
Brian Karas
Apr 21, 2016
IPVM

It looks like Aimetis is now going to be distributed through Anixter.

(1)