March Networks Is For Sale

By John Honovich, Published Jan 27, 2021, 11:39am EST

Infinova is selling March Networks, IPVM has verified. This follows substantial pressure on the company after IPVM reported last year that a PRC government entity became the controlling shareholder of Infinova.

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Inside this note, we examine what is happening, what the outcome is for Infinova, and the prospects for March Networks.

Sales *******

***************** ** ***** ************** ***** **** ** was ******** ** **** off ***** ******** *** all ** **** ** its ******** ******* ********. While ******** ** *********** HQ ** *** ***, its ***** ** ****** in *** ******** ***** stock ****** *** *** majority ** *** ******** is ********* ** *****.

***** ******** ** ***** shopped ** ******* ********* buyers, **** *** *********. Interested ******* *** ******* March ********, ** *** already **********. ***** ******** declined ** ******* ** the ***** ******* ****** confirming *** ********* ********** cited *****.

Cause ** ****

******** ******** ****:

*** ******* ************* ******** environment ***** ******* ********** to *** ********* ** the ********** ******

*** ********** ********* ** that ***** ******** ********* serves ***** ******** ***********, including ***** *****. ***** Infinova *** ***** **** an ***** ** ***** Networks, *** **** / 2020 **** ** ****** ********** ********** ** become ********'* *********** ************** **** ****** *** worse. **** ******** ****** the ** ************* *********** and ************ *** ******* (e.g., *** ****, ****** controls, ***.).

******* ******* ******** **** has **** * ******* for ***** ******** ** customer ******** *** *********** have **** **** * barrier *** *****.

*-*************

******** ******** ************* ** *** *** of **** *** ~$** million *** [****** ***** had ~$** ******* ** cash ** *** ****]. For ********, *** **** has **** ****, *** not ********. ************** $*** ******* ** their **** ****** *** *** used ****** * ***** on ***** ********. ** the ******** ****, ***** Networks *** ********* ******** cash **** *** ******** over *** ****** *** will ****** **** ******* of *** ********** **** the ****. ** *** negative ****, *****'* ******** market ******** *** ******** and ******** *** *** help *****.

March *********** ***********

*****'* *********** ******** ** mixed **** **** ********* but **** *****.

***** ********'* **** ******* was ~$*** ******* (******** as $*** ******* **** in ********'* **********), ******* to **** ** *** a ****** ***. **** revenue, ********* ** *******, fell ~**% ********** ** COVID ******* ** ***** core ****** *** ******* business.

***** ******* **** ** its ********** **** **** prior ** *** **** and *** *** *********** the **** ** ************ / ********* **** **** of *** **** ****** leaders **** ********.

***** *** ********* *** development ** *** ***, cloud ********, ***. *** it ** ** ****** viewed ** *** ** the ******* ** ******* providers, ** ** *** a ****** ***.

Acquirer *********?

************, * ******* ******* exist - * ******* equity **** **** **** to ********** *** ******* and **** **-**** (*.*.,***** *** ******* * years ***) ** **** *****, an ********* ************ (*.*.,***** * **** *** with ********).

Valuation ** *****

** ***** *** * very *** ** ********** high ***** ***** *********:

*** *********: **** ** an *** ******* **** has **** *********** *********** and ** ** ***** to ** ****** **** to *******. *** ** for *** ********* ** a *** *****, * fraction ** *** *******, strip *** ********** *** staff, ******** ***** **** profits *** *****-******* ************* for *** ********'* ********.

**** *********: **** ** an **************** ******* ** a ******* (***** **********) where *** **** ** VSaaS *** *** ***** to ************ ******** ***** its ********* ***** ******* be **** ********* ** revenue. ****, **** ** rids *** ***** *********, the ******* *** **** as * ********/******** ******* in * ****** **** is *** ************ ********* to **** ********.

** * ***** ***** startups *** ********* ** times ******* ********** (*****, Verkada, ***.) *** ******** has * $** ******* valuation, ** ** *** crazy ** ******* ******* would ** ******* ** pay *** ** *** times ******* *** *****. On *** ***** ****, depending ** ********, ** could ** **** ** the *****.

Vote / ****

Comments (24)

** *** * ***** dealer *** * ***'* like **** **** **** been ***** **** ***** camera *****, *** ** have ******* ***** ****. The *** ******** ** that ***** ********* *** just ******* ******** **** we **** *** ** few ******** **** ******** to *** ***** ***** we *** *** *****. Between **** *** *** lack ** ********* ****, our **** **** *** always *****.

* **** **** ****** a ****** ********* ********* for ****, *** * have **** *** **** companies/brands * ***** ** destroyed ****** **** ******* so * **** * lot ** ******** ***** what ********* **** *** taken ** *** *********. There **** **** **** successful ********* **** ******* the ******* ** ****** who **** *** (****, Avigilon) *** ***** *** far **** ******* ** purchases ******* *** ****** (Exacq, *****).

* ***** ** **** standby **** ******* *******.

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**** ** ** *** do *** **** ***** the *******?

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**** ******* *** *** don't **** ***** ****** lines. ***** *** *** share ****?

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** ******* ******* ** how *** ****** ***** a ****** **** ** a **** ********? *** camera ****** *** ****** too *********** ** **** have * ******* ** cameras.

Agree: 1
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**** * *** ************** you ****** ** *** ownership ***** ***** **** waited * *** ** see ** ***** ** policy ******.

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***** **** ****** * bit ** *** ** their ** ****** ******

*** ** ** **** not? *** **** ** March's ******** ***** ** at **** ** *** meantime?

***, ** **** ***** Executive ***** -********* ***** ** ******** the ****** ** **** in *** ** ******* by *** ** *******'* Workers | *** ***** House- ** *** ********** of *****'* ******** ** is *** ******* *** China **** *********.

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******* * **** ***** wait.............

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Funny: 2

***** *** **** * Identiv *** *** * second **** ***** **** acquired *** ** * "sinking *****" **** **** and ********* ****** ** off. ** *** **** of ** ********* **** did *** **** ** anything **** *** ******** IP **** ***** ** with.

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***** **** ******** *** in * "******* *****" fire ****

** ***...

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** ******** ** ***** Networks, ***** **** * times ***'* ******* ** the ******* *** **** ** Identiv *** ~$* ******* price.

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* ****** **** ****** my *** ********* *** the **** ** ** :-) . **** *** almost ***...** ******* ****** said "*** **** ** a *****, *** * o'clock *********".

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********, ** **** *...

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* **** ****** ****** would ** ******, ** whatever **** *** ****** today. **** **** ****** banking *********.

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******, ** ******** **** are ****** *****

*** ******* ** ************.

* ***** ******/****** ***** sense ** * *** valuation, *.*., *** *** it *** *** ********* / ************* / ********* positioning. * ***'* *** Verint ****** * (********) premium ******** ** * PE **** **** ***** for *** ****** ** transform *****.

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****** ******** *** ******* biz *****. ******* (**** a ******** ****) ** the *** **** *** created **** *** ***/****/******** combined **** *** ***** Intel *****. ** *** actuality, **** ***** *** up ********* ******* **** other.

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********, ** *** **** what ******'* ******* ******** is? *** ************.

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***, ********** ********************. ****'* *** ** they **** ** *** March, **** ***** **** to *** *** *** that's *** * ***'* think **** ***** *** the ******* / ****.

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***** ** * ****** maybe?

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****, ***?

*****'* **** *********** **** the ***** **** ***** should *** * ******* VMS (**** *******) ***** their ******** ******** ** not ***** *** ***'* think ***** (** * primarily *** ********) **** that ****.

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**** ** ***** ** that *** ***** ******* is ******** ** *****'* and ***** **** ****** to ***** ******* *** other ********* *** ******** conversion ** ***** ****** and ***** ***** *****.

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****, ***** **** *** really **** **** ** the *** ** **** so, ** **** ***, yes, ***** ** ********.

** ***** ******. ***** does *** ** **** acquisitions ** ***** ************ so * ***** ** somewhat ******** *** ** could ******.

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**** ** **** * good **** ****.

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*** ****** ** *** might ** ****** *****?

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