Infinova Wants More Money For March Networks

By Isabella Cheng and John Honovich, Published May 12, 2021, 11:52am EDT

More than 4 months ago, Infinova disclosed, in China, that it was putting March Networks up for sale.

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This follows IPVM's 2020 reporting that a PRC Government Entity became the controlling shareholder of Infinova / March Networks.

March is still for sale with Infinova wanting more money from prospective buyers. Inside this report, we share feedback from Infinova and examine the challenges in valuing March Networks.

Maximize *******

**** ***** ** ***** 2021 ****** ***** **** where ********'* *** ********* to * ******** ***** the ******** ** ******* March ****** "******** ** trying *** **** ** maximize ****** **** *** process, ** ** **** time":

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****, ******** ****** ******* executives ********* ** **** public *&** ** *****, though **** ********* *** rare ** *** ****.

**** ****, ** ******** spokesperson ********* ** **** that *** **** ** proceeding:

*** **** ** ******** engaged ** *** ********* process *** ***** ********, and ** **** ** are ****** **** ****** levels ** ******** ** March **** ******. *** process ** *********** ****, and ** **** ******* good ******* *** ******** the ********* *********.

** ** *****, ******** remains ***** ********* ** the ********* *******. ** have ***** ********* ** accepting ** ***** *** moving ******* **** * transaction.

***** ******** *** **** 'several **** *******', *** sources *** ********** **** Infinova's ***'* ********* **** they **** (****) **** time ** *** ** maximize ****** / ***** the *****.

Price *** - $** ** $*** *******

*** ****** ** *** hearing ******** ***** *** March ******** ** ** the $***+ ******* ***** while ******* *** ******* us **** ****** *** more ** *** ~$** million *****.

Revenue / ******* ** *****

*****'* ****** ******* ** in *** $*** ******* range *** ** ******* profitable. ** *** ********, revenue *** ******* **** both ******* **** ** 2020 ****** ***** ***** us **** *** ****** revenue *** ******* *** Q1 ****.

Valuing ***** ********

******* ***** ******** ** proving ***********. ** ***** Networks ** *** ******* that *** * ******* future? ** **, $** million ** **** **** a **** *****. *** is ***** ******** * company **** *** ** revitalized ** * ****-*** VSaaS ********? ** **, $100+ ******* ** ****.

*** ***********, ******** **** ~0.5x ** *****'* ******* ($110 ******* *** * ~$200 ******* ****** *******). By ********, ****** ******** VMS ************* *** ******** ~$** million ** ******* *** last * *****, *** *** ******-***** million ******* *** ** likely ****** **** **** $100 *******, ***** *** VSaaS ****** *** ****** potential.

** ** ***** ******** more **** ***** ** Solink?

****'* *** ********* ** valuing ***** ***** ** depends ** *** ****** investors ****. *** ***, the ******* ******* ********* that ******* *** ********* that ***** ** **** like ***** **** ******.

Canadian ********** *****

*** ***** ******* **** is ********* *** ******* is ******** **********. ***** is * ******** ********** of ******** ** *********** buyers *** **** ** visit *****'* ** ***** be ****** ** ***** quarantine *** ** ****. Likewise, ***** ********** *** want ** ** **** Canada ** ** (***** many ******* *** ***** banker******** ******** *****) ***** **** need ** ** **** 14 **** ** ********** when *********.

Sale ***** *****

******* ***** *******'* ********* are ********* ****-******** ***** American ****, ********'* ***** government *********** *********** ** a ****** ** *****'* business. ** ****, ** expect * **** **** happen ***** **** ****. The ****** ***** ***** for ****, *** **** in ***** ***** ******** is. *** ******** ******* how **** **** ******* pay *** ***** ********?

Vote / ****

Comments (3)

***** ******** *** ******** are *** ** *** bad, *** ***** ******* are ********* *** * Chinese-made ****** *** ***** name *********** ** *** that **** (***** ** least *** * ************ brand ****).

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** **********,

** ******* ***** ******** cameras *** ************ ** China. **** ** * list ** *** ** our ******** (***** ******** ********* ** the ******** ******* ************* Act (****) | ***** Networks) – ********* *** cameras – **** *** fully ********* **** *** U.S. ******** ******* ************* Act (****). ** ******* our ******** *** ****** competitively *** *** ******* we *****.

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Informative: 2
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*****, ******. ***** ***** Networks ********, ** ***, are *** **** *********?

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