March Networks Acquired By Taiwan's Delta Electronics
Nearly a year after being put up for sale, March Networks is leaving PRC government-controlled Infinova and is being sold to Delta, one of Taiwan's largest electronics manufacturers.
Delta is most known in video surveillance for its majority ownership of Vivotek, acquired in 2017. Now, it will separately own March Networks.
We spoke with March Networks about the deal, what it means for the company's future, and how Delta Electronics will benefit from the acquisition.
Delta's ********* *** ******
******* * **-**** *** *********** ************ of ********** *** ********** ********, **** ~$10 ******* ****** *******. **** **** longstanding *********** ******** **********, ***** ** looking ** ********* *** ****** **** software *** *************. *** ***** ******** deal ***** ****** **** ** ****** that *** **** ** *** ***** surveillance *****.**** **** ********* ***** **** ************* ***** *******:
Good **** *** ********
***** ** ****** $*** ********** ***% ** *** ****** ** March ********, ***** ** * **** deal *** ********. **** ******** ******* **** ****:
*** ****** ** *** ******* ******** wants *** ***** ******** ** ** the $***+ ******* ***** ***** ******* are ******* ** **** ****** *** more ** *** ~$** ******* *****.
******** **** *** *** *** *** price ** ******.
******** ****** **** **** ******* *** investment **** ***** ***** ************ ****** * ****** *** (******** 2021), *** **** **** ************ ***** ** ********, ******* ** **** **** ******* $300 ******* ** ****.
*******, *******, ********'* ****** *** **** challenging, ** *** ******* ** *** trading ** **%+ ***** **** **** they **** ****** * ****** ***.
******** ***** **** *****, *** ***-**** / *** ************ ********.
*********
********* ******* **** **** ***** *** significantly *** ****, *** ****** *** ***** ************ companies *** *** ********* *** **** is ******* ** **********. *** *******, last *****,***** **, **** **** **** $* million ** **** *******, *** ******** for **** **** $** *******. ** ********, **** ** * $100+ ******* *********** *****, **** ** just ******** **** ** *****'* ****** sales. ***** *****'* ******* **** ** enterprise *********, ***** *** * **** shot ** ********** * ********** **** of **** ** ************ ******* **** the **** * *****.
No *********** **** *******
***** ******** *** ******* **** *** be ********** ** *** **** ****** company, *** * ***** ********* ********* they *** ********* *************. ***** **** the ********* ***** **** ************ ** the ****** ** ****** ********, *** not ************ ******* ** *** ***** connection:
**** ****, **'** **** ** **** more ******* *******, ***** ** *** leverage ***** [*******] **** **********, *** there ** ** ************ ** **** time **** * ************* ****
**** *** *** **** *** *********** change ** ******* ***** ** *** acquired ** ***** **** ***** ***.
March ***** ******* *** ******
*****'* ********* **** ** "********** *****" with *** ****-******* ****, ****** ** part ** *** ********, *** **** Delta, *** ******* **** ****. *** plan ** *** *** ********* **** to **** ** *****, *** ********* should *** ** ******** ** *** deal:
**** * ******** **********, ***** *******'* be *** ****** *** *** ******** and ********* ** ***** ** *** they **** ****. *********, *** **** is ** ****. **'** ******* *******, as * *******, **'** ***** ** be **** ** **** *********** **** we *** **** **** **** **** from ****** **** *** **** *** years.
** **** **** **** ** * win/win
*****Networks ******** ** *****/****
*** **** ****** ***** ******** ** focus ** *** ***** *** **** area, ** **** ** ******* ****** value *** *****, *****'* ********* *****:
** ******* ** *** *&* **** into ********. ****'** [*****] ******* ** us ** ******** **** ** **, but ** ***** ******** *** ********* revenue ***** **** *** ******** **** we've ****** ** **** ****.
Focus ** ******, *** **** ****
* ***** ******** ********* **** **** Delta's ******** **** ** ********* **** Infinova, ******** ** ******, *** *****-**** cash ****:
***** ********, ** ******** * *** of **** **** ****, *** ** haven't ****** **** **** ** ******** that **** ***** ** *** ********. Delta ***** ** * **** ********* level ** ********* ***********.
Planned ************
***** ******** ***** ** **** ***** potentially ********* *********, *** ***** *** talk *********. *** ******* **** **** technology **** *********** *** ****** ** presents * ******* **** ******* **** is ********* *** **** ** ******* for ** *** ******:
**********-**** ************ **** ***** *** ** portfolio ** **** ** ** ***** point **** * ***** *** ****** that ** **** ****** ** *** not **** ***** *** ******** ******. Some ** **** *** ** **********, some *** ** *********** ********* ****** share ** *** ***** ** *** interested ** ***** **.
From ***** ** ******
******** ***** **** ********* ********** ************ for ***** ********, ** *** ** government *** ******* **** ** *** video ************ ************* *** ************ ************'* *** ********** *********** ***********.
Ramping ** *********
*** **** ***** *** **** ******** by *****, ***** ** **-****** ******, those ******** ****** ** ******* **********. This ****** *** *** * ****** effect ** *****'* ********, *** ********* said:
*** ********* **** ** ****** '** are ***** **** ******* ******* ** playing *******.'
Outlook - ********
**** ** * **** **** *** both ******** *** ***** ********.
******** *********** *** ** ****** ***** or ********* **** *** ********* ********** the *******, **** **** *** * good ****.
***** ******** ** *** **** **** Infinova *** *** *** ***** *****. Plus, ** *** * *** ***** that **** *** **** ******* **** in ********* *** **********. ***** *** effectively **** ** ********* ********* *** at ***** * *** *****, ***** this *********, ** ** **** ** interesting ** *** *** **** **** rebound.
Email ** ********
**** ******** *** ********* ***** ** partners, ****** *****:
** *** *** *****, ***** ******** has **** *********** * ********* ******* to ****** *** ********* *********. *’* now ******* ** ******** **** ** have ****** ** ** ******** ** Delta, * $** ******* *** ****** company. ***** ** * ****** ** building **********, ********** ********** *** **** center ************** *** ** ***** *** its ********** ** ***** ******-****** *********. It *** *********** ********* ********** ***** America ********* * ***** *.*. ************ in ******* ****** *** ************* ******** in ******* *.*. ****** ** **** as ******. ** *** ***** ** 200 ********* *********, ********* ** ******* for *&* **********, *** ** ************* plants. ***** ** ********* ** *** video ************ ****** *** ** ********* March ******** ** ******** *** ******** in *** ***** ******** ** *** industry ******** ** *** *****. ** are ******* ** **** ******. ** your ******* ******** ** ** ***** surveillance, ***** ******** ******** **** *********** will ********** ***** ** ** ****** serve **** *** *** **** ********* by ********** **** *** *** ********** products. ** **** ***** ***** ******** to ******** *****’* ***** ** ********** growth *** ******* *** ******** ** be *** ******* ******** ** ***** surveillance *** *****-***** ******** ************ ** enterprises ********. ***** ** ******* **** this ******, ** ******** *** ***** surveillance *** ************* ** *** ******** automation *********. ** ****** ***** ******** to ******** ** ******* ** ** independent ****** **** *** ********-***** ************ in ******, *** **** *** ******** management ****, *** ** ******, **** remain ** *****. **** *****’* *******, we **** ** ******** *** ********** to *****-***** ***** ************ **** *** investments ** *&* *** *** ******* roadmap. ** ** **** **** **********, you ****** *** ** ****** ** the ****-******* ** ******** *** ******** you ********* ******* **** ***** ********. This *********** **** *** ****** *** you ******** *** ******* *** ******** today *** **** ******* *** ********* remains ** *****. *** **** **** remain ** ***** *** ** ***** to ***** **** ***** ** ** always ****. ***** **** *********** ** still ******* ** ********** *********, ** are ********* ** **** ** ******** and *** **** **** ***** ****** the *** ** ** ****. ****** you **** *** ********* ***** **** matter, ****** ***’* ******** ** ***** out ********. ** ********** **** ******** and ** **** ******* ** **** exciting **** ******* ** *** ***** Networks *****. *********, ***** ***** ***** Networks ********* & ***
Vote / ****
* ***** ** *** **** ****** problems **** **** ******* ** ***** if ***** ****** ******.
** ******, * ***** **** *** wholeheartedly, *** **** *** ******* ***** up ** *****.
** * ******* ****, *** ********** for ***** *** *** ********* ***-*******...
* ***** ******* ***** ***** ******** around **** **** ** **** ** the ****** ********.
** ******* *** ****** ********** **** them ***** **** *** ** ****. At *** **** ** *** ****** 700 ***’* *** ********* ***** **, multiplexers *** ***. **** ** *** went ********* *** **** *’** ***** DVTel (** ***** *****).
*** ******** ** *** **** **** this **** *** *** ********. * vaguely ******** *** ********* ****** **** to **** **** ******.
*'* **** ** **** **** ***** Networks ** ******* ***** ***** **** to ******. *** *-****** ****** ****** poorly ******** *** ****** ** ******* the ****. ***** ******* ********* ******** is ******, *** ** ********** ******* behind ***** *** *********.
* **** ** *** **** ****** their ****** *********, *** ***** ** better *********** ** ***** ********* **** their ***.
**************** ** ******** ******** ******* *, **** ********** *****'* sale.
*** ****** ***** **** ******** ******* to **** ***** ** ****** **** in ******** ********:
******** **** *** *******'* ******** *** the ****** ********* ** ******** ***********, in ***** ** ***** *** *********** opportunities ******* ** *** ******** "*** **************" *** "*** ****** *** *** *******", *** ******* *** ******* ** sell ***% ** *** ****** ******** in ******** ****** ** ***** ** increase *** ********** ** ******* *********** and ** ****** **** ** ******** business. *** ******* ******* ** **** 100% ** *** ****** ******** ** Infinova ******.
*** ****** ********* *****'* ******* *** profits *** **** *** *** ***** 6 ****** ** **** (** ***):
** **** ******* *** ~$** ******* USD, *** **** ******* *** ~$** million ***.
******** *** ***** ************** (** ******** subsidiary) **** ****** * ***-*********** *** Non-Solicitation ********* **** *****:
****** *** ********** ******, ****** *** Restricted ******** *** ****** *** ********** Territory, **** ****** *** ***** ****** agree *** ********* ******* *** ** compete **** *** *******, *** ** influence *** *******'* ********* *** *********, and *** ** ******* *** *******'* employees. "********** ******" ***** * ****** of ***** (**) ****** **** *** date ** ********. *** ********** ******** is *** ******** ** ***** *** Subject ** ********* *******. *** ********** business ** *** ******** ** ***** the ******* ** ********* *******. *** restricted *********** *** ***** *******, ***** European *********, *********, *** ******* ***** countries. ******** *****, *****, *** *** Middle **** (****** *** ****** **** Emirates) *** *** ********** ***********.
*** ******** ** ***** ******** ***** out ** *** ***'* ***** ** not ********* * ***** ***** *** current ************ ********* ** **** ** where ***** ** ************ ******** **** on **** ****'* *** (****) ******'* autonomy.