Infinova Acquires Swann

Author: John Honovich, Published on Oct 21, 2014

3 years ago, a Chinese / US surveillance manufacturer, Infinova, raised $300 million cash in a billion dollar plus IPO. Later that year, they bought March Networks.

Now, Infinova is dipping into its war chest to buy one of the biggest direct to end user surveillance manufacturers, Swann.

In this note, we examine the details of Infinova and Swann's financials, projecting the potential impact of the deal.

* ***** ***, * ******* / ** ************ ************, ********,****** $*** ******* **** ** * ******* ****** **** ***. ***** **** ****, ********** ***** ********.

***,********** ******* **** *** *** ***** ** *** *** ** the ******* ****** ** *** **** ************ *************,*****.

** **** ****, ** ******* *** ******* ************* *****'* **********, ********** *** ********* ****** ** *** ****.

[***************]

Deal **********

[****: ******* ******** **** **** **** ******* ********* ********* *** ** ******* ** **** *********** ****** ** **.]

********** ****** ~$** ******* *** *** *****, ***** **** ****** annual ******* *** ~$*** ******* ***.

*** * **** ************, **** ** * ******** *****, ** the ***** ** ***** ***** ** ***** *. *******, *****, is ** ***, **** ******* ** *********, *** *** ********** are ********* *** **** *********. *** ********,**** *************, * ******* ***** ~$** ** **** ****, *** $** million, * ******* ***** ** ***** *****.

Swann **********

*****'* *** ********** *******:

  • ~$*** ******* *** ****** *******
  • ******* ****** **.*% **** **** ****
  • **% ***** ******* (******* *** **** *** *** ***** **** the **%+ *** **** *************)
  • **% ********* *******
  • ********** *** *******
  • *** ********* (***** ** *** *********** ***** ******* *** ************** considering **** ******* ******* *** ************ ********)
  • *** * ********* ********* *** **% ** ******* (****** ** be ********* **** ******, ***'* ****, ******, ***.)
  • **% ***** **** ***** *******, **% ******, **% ********* (***** home ******)

*** **********, *-***, *** ** *****'* **** ***********, ***$**.* ******* ** **** **** ** *********.

******************

*** ****,******** ***$*** ******* *** ********, * *********** ******* ** ***** ** **** ***** ******** (who *** ~$*** ******* ****** *** ***********). *** ******* **** meager ** ~*%.

*************** **% ** **** ***** ***** ******* ** ***** *** an **** ******* ********** (**%) *** *** ***** **** ** 2014.

*********** ********* **************** *** ***** ~$* ******* ** *******, ********* ** *****, this ***** ******** * **** ***** ****** ** *** ******* Chinese ******.

****, ******** *** * **** **** *********, **** * ****** capitalization ** ~$* *******, **** **** * ***** *** *****. For *******,********'* ********* ** ****** **** ********, **** ********** *** ******** to *****.

What ** ** **** *****?

******** *** ******* ***** ******** ** ******* ******* *************. ***** continues ** ******* *** ******** (** * ******* ****** **** as ***** ** ***** ***********) *** *** *** ******** *** implosions ** **** ******** ** ** ****** **** ************ ** occur.

** **** ** ***** ********, ** ***** ****** * ******* path *** *****, **** *** ******* ******* ** ******* *** direct ***** ** ***** *** ************ ********.

* *** ********* ********* ** **** ***** ******* ** ******* manufacturing *** ***** ********. ** ***** **** ******* ***************** ****** **** ******, ********** ******* *** ********'* ******* ************* operations *** ******** ***** ** ****** **** ***** *******.

***** ************?

********** *** ** *** **** ******** ********* ** *** ******. They ******* **** ********* **** *** ******* ****** ****, **** though **** ** *** **** **** ** ***** *** *** essentially ************ **** *** ***** ****** *** ******* *******.

** *** ***** ****, ********* **** **** $*** *******, ** they **** ** **** *** **** *** ** ****. **** companies **** **** ******** **** **** ** ********** ********** ********** and *** ***** ********* ** ***** **********, ********* *******.

****** ** ** *** ****************** ******* **** * **** ********* **** ****,** **** *** ******** ********* ***** *********, **** **** * chance ** ********** * *****, ****** *** ***********, ************ **** conglomerate.

Comments (3)

*** **** **** *** ****** ** ************ ********* **** **** amazon, **** **** *** ******?

******, ******** ***** *** $*** *******, *-*** **** $**+ *******,********* ~$** *******. * *** * ******** ** ***** ***** are *** *** ******** ** ******.

** ****, * ** ******** **'* * *** ******* ******* dollars *** ****. ****'* * ****** ***** ** *** ******, based ** *******, **** **** *********** ***** ** ******, *********** the **** ***** ******* ***** ***** ** ***** ********.

**** ***** ** ***** ** *** **** **** *********... *'* not **** ** ******** *** ******** **** *** ******* ** price **** *********.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

Hikvision Chinese Government Owner CETHIK Exposed on Nov 20, 2017
Hikvision deceives about its Chinese government ownership. Contrary to their claims about 'independence' and simply having 'shareholders' that are...
Panasonic Unified Surveillance Strategy Analyzed on Nov 17, 2017
Panasonic is now a "Unified Surveillance" offering, as their ASIS 2017 booth proclaimed: Looking to make a comeback in the security industry,...
Hikvision China Criticizes The WSJ on Nov 15, 2017
Hikvision, through the Chinese government's authoritative news service, has criticized the WSJ investigation into Hikvision. In this...
Dahua Launches Electric Cars on Nov 13, 2017
Embattled mega video surveillance manufacturer Dahua is now electric car manufacturer Dahua. Let the jokes begin: But is the joke on Dahua's...
WSJ Investigates Hikvision on Nov 13, 2017
The Wall Street Journal (WSJ) has released a detailed investigation into Hikvision's government ownership and cybersecurity problems, hitting the...
Bubble: Dahua Doubles Market Capitalization on Nov 07, 2017
Dahua's stock is in a bubble. Those of you in the industry know how bad of a year Dahua has had - the zero-day backdoor, the massive hacking...
Dahua USA Removes Head of Marketing on Nov 06, 2017
Dahua USA's marketing and just their overall business organization has been a mess. These guys could not sell life jackets on the Titanic. But,...
Top Manufacturers Gaining and Losing 2017 on Nov 03, 2017
3 years ago, IPVM statistics accurately and early identified the rise of Hikvision usage across Western markets (see Top Manufacturers Gaining and...
CPSE 2017 Highlights on Nov 01, 2017
CPSE 2017, the largest security-oriented exhibition, held in China, has wrapped up. Inside we cover some top trends from the show,...
Avigilon Access Control 2017 Examined on Nov 01, 2017
For more than 4 years, Avigilon has been in the access control business, since their May 2013 acquisition of RedCloud. Since then, Avigilon has...

Most Recent Industry Reports

Amazon Key In-Home Package Delivery Examined on Nov 21, 2017
Interesting idea or invitation for criminals to rob you? Amazon's recent announcement of Key, a service that will help manage visitors, welcoming...
Top Maglock Provider Warns Against Using Maglocks on Nov 21, 2017
Do not buy my company's product. It sounds strange indeed, but a senior Allegion consultant stated that maglocks should not be used in common...
CBR vs VBR vs MBR - Surveillance Streaming on Nov 21, 2017
How you stream video has a major impact on quality and bandwidth. And it is not simply CODEC choice (e.g., H.264 vs H.265). Regardless of the...
Dahua Hard-Coded Credentials Vulnerability on Nov 20, 2017
A newly discovered Dahua backdoor is described by the researcher discovering it as: not the result of an accidental logic error or poor...
Panasonic Unified Surveillance Strategy Analyzed on Nov 17, 2017
Panasonic is now a "Unified Surveillance" offering, as their ASIS 2017 booth proclaimed: Looking to make a comeback in the security industry,...
Amazon Cloud Cam Is Poor (Tested) on Nov 17, 2017
Retail behemoth Amazon has entered the surveillance market with the Amazon Cloud Cam, the eyes of its just-announced Amazon Key delivery...
Nest Secure Alarm System Tested on Nov 16, 2017
Google's expansion continues, this time into home security with their Nest subsidiary's move into alarm systems. They paid more than a...
Dahua Forbes 'Next Web Crisis' Vulnerability Dispute on Nov 16, 2017
The buffer overflow vulnerability in Dahua products is not in dispute, in fact we covered it when it was first published. What is in dispute is...
Isonas Cofounders Split, Launch Partner/Competitor on Nov 16, 2017
Breaking up is hard to do, especially when door access security is at stake. But that is exactly what has happened at Isonas. Senior employees...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact