Aimetis Acquired by Magal S3 / Senstar

By: Brian Karas, Published on Apr 01, 2016

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

***** ** ********* [**** no ****** *********] *** *********** details, ****** ***** ******************* *** ****** ********.

********** ***** ** ******** standards, ***** ** ******** $63.7 ******* ** ******* for ****, * **** decline **** ***** $**.* million **** *******.

***** ** ******, ***** S3 ************ ** ****** critical ************** ******* **** airports, ********, ****** *** verticals **** **** ******* high ***** ************ **** prisons *** **************.

***** ** ** ********* a ******/***** ********** **** a ****** ******* *********.  They ****** ****-*** ********* based ** * *********** of **** ******** *** perimeter ******** *******.

******* ** * ****** ***** subsidiary ** ***** **, though **** **** ** not ******* **** *******'* website.

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

******** *** **** ****** for **** * ******, **** limited ******** ** *** market.  **** ****** ********* ***** ******* **** ***** limited *** ********* ******** responses.

********, *******' *** ********, is *** **** **** known ** ***** ********.  Aimetis **** ********* **********, ***** **** ****** a ****** **** ** VMS *********, *** *********** *****.

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

**** *********** ******* ** have *** ********* ** building ** *******'* ******* portfolio *** ******* *******.  There ****** ** ******* negative ****** ** ******* partners.

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

******* *** * ***** range ** ******* ****** products, ******* ***** *** effectively ******* ******* * visualization ** ******** *********.

******* ***** ******* ********* software ** ******* *** intelligence ** ***** ******** and * *** ****** to *** *** *** components ********.  

**** **** ****** ******* closer ** * **** solution ******** *** *********** enhances ***** *************** ******* Avigilon ** **** ** the ********* ********** ******. 

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

*** *********** ***** *** reported ** ************* $*** US.  ******** *** *** previously ******** ****** *******, but **** ***** ** most ****** * * to *.** ********, ********** the ******* *** ********** to **** ***** ********.

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

******* ***** * **** list ** *** ************-*********,***** *******,*****, *** *** ********* in *** **** *********** *** **** Be ****** ****? ********** ** ** *********** target *** ***.

*** **** ** *********** VMS ********* ***** ******* each ****.

Comments (9)

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

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.

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.

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.

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.

FWIW, Senstar is also a Canadian company.

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

Much like cameras. ;)

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.

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

Login to read this IPVM report.

Related Reports

Hikvision Buys Baltics' Largest Distributor (BK Group) on Aug 20, 2020
While Hikvision faces global scrutiny over its connections to the PRC...
Qumulex Presents Unified VMS and Access Control on Jun 08, 2020
Qumulex presented its unified video management and access control system at...
Axis / Avigilon Patent Litigation Ends With 3 Invalidated Patents on Sep 09, 2020
The multi-year, multi-district patent litigation between Canon and Axis...
Avigilon Now Available At ADI In EMEA, Not Americas on Jul 21, 2020
ADI, the home for Dahua and Hikvision flash sales, is now selling Motorola...
Anyvision Presents AI Facial Recognition and Mask Detection on Jun 08, 2020
AnyVision presented its AI facial recognition and mask detection at the May...
Integrator Acquisitions 'A Good Market' During COVID-19, Says Greybeards on Jul 28, 2020
Industry broker Ron Davis of the "Greybeards" says that the integrator and...
Costar Technologies / Arecont H1 2020 Financials Examined on Sep 16, 2020
Costar's financial results have been hit by the coronavirus with the company...
ADI Sales Down 21% in April on May 14, 2020
ADI sales were down 21% in April, the company disclosed, as the pandemic hits...
Oyla Presents Low-Cost 3D LIDAR Alternative Camera on Jun 23, 2020
Oyla presented its low-cost LIDAR alternative camera at the May 2020 IPVM...
Magos Presents AI Radar Object Detector on May 08, 2020
Magos presented its AI radar object detection at the April 2020 IPVM New...
Avigilon Open Analytics Tested on Apr 16, 2020
After years of effectively closed analytics, Avigilon decided in late 2018 to...
Infinova, March Networks and Swann H1 2020 Financials Examined on Sep 02, 2020
While Dahua and Hikvision, helped by fever camera sales, are recovering from...
Cisco Acquiring Fluidmesh on Apr 09, 2020
Cisco announced it is acquiring niche wireless manufacturer...
Sequr Presents HID based Cloud Access Control on Jun 04, 2020
Sequr presented HID based Cloud Access Control at the May 2020 IPVM Startups...
2020 Mid Year Video Surveillance Industry Guide on Jul 27, 2020
The first half of 2020 has been shocking, for the world generally, and for...

Recent Reports

Mobile Access Control Usage Statistics 2020 on Sep 21, 2020
Most smartphones can be used as access control credentials, but how...
Axis Compares Fever Camera Sellers to 9/11 on Sep 18, 2020
Axis Communications, the West's largest surveillance camera manufacturer, has...
Chilean Official Investigated for Motorola And Hikvision Contracts on Sep 17, 2020
A corruption investigation is underway in Chile after a crime prevention...
Huawei HiSilicon Production Shut Down on Sep 17, 2020
Huawei HiSilicon chips are no longer being manufactured or supplied to...
Virtual ISC West and GSX+ Exhibiting Contrasted on Sep 17, 2020
Both ISC West and ASIS GSX are going virtual this year, just weeks apart, but...
X.Labs Sues FLIR on Sep 16, 2020
X.Labs, the maker of Feevr, has sued FLIR, the publicly traded thermal...
Video Surveillance 101 September Course - Last Chance on Sep 16, 2020
Today is the last chance to sign up for the Fall Video Surveillance 101...
No Blackbody Mistake, Half Million Dollar, Hikvision Fever Camera System in Georgia on Sep 16, 2020
A Georgia school district touted buying Hikvision fever screening "about...
Costar Technologies / Arecont H1 2020 Financials Examined on Sep 16, 2020
Costar's financial results have been hit by the coronavirus with the company...
Startup Cawamo Presents Live Alerts With Edge AI and Cloud VMS on Sep 15, 2020
Cawamo, an Israeli edge-to-cloud analytics and VMS startup, presented its...
Favorite Access Control Credentials 2020 on Sep 15, 2020
Credential choice is more debated than ever, with hacking risk for 125kHz and...
Dangerous Hikvision Fever Screening Marketing In Africa on Sep 15, 2020
A multi-national African Hikvision distributor is marketing dangerously...
New Products Show Fall 2020 Announced - Register Now on Sep 14, 2020
IPVM's sixth online show will feature New Products from over 25...
Hanwha 8K / 33MP Camera Tested on Sep 14, 2020
Hanwha Techwin has released an 8K / 33MP resolution camera, the TNB-9000 with...