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March Networks
Global provider of intelligent ip video solutions
About March Networks
March Networks, founded in 2000 by Terry Matthews, is a provider of video surveillance and business intelligence solutions. The Ottawa-based company initially focused on developing video software and specialized digital video recording solutions. A significant milestone in its history includes an initial public offering in 2005, which led to its listing on the Toronto Stock Exchange. The company was later acquired by Infinova Corporation in 2012, and subsequently by Delta Electronics in a transaction valued at $114 million, which closed in December 2021. Under the leadership of President and CEO Peter Strom, who joined in 2003, March Networks has grown significantly, expanding its global footprint. Strom's career includes extensive experience in the technology and security sectors, with previous leadership roles at Gyyr Inc. and Mosler Corporation.
The company's business model revolves around transforming video data into actionable business intelligence for its clients. March Networks serves a diverse client base across sectors such as banking, retail, transportation, and commercial enterprises. Its revenue is generated through the sale of hardware, software licenses, and cloud-based services. The company operates globally with a network of over 1,000 certified partners in more than 75 countries to deliver its solutions.
March Networks offers a comprehensive portfolio of products and services, including IP cameras, network video recorders (NVRs), and its Command video management software (VMS). A key offering is its Searchlight software, which integrates video surveillance with transaction data from sources like point-of-sale systems and ATMs to help businesses reduce loss and improve operations. The company has expanded its offerings to include cloud-based solutions like March Networks CloudSight, providing camera-to-cloud video management, storage, and analysis. To bolster its cloud and analytics capabilities, March Networks acquired the FOCUS Business Analytics Platform from DoIT Software in October 2022. The company's products are designed to be scalable, catering to both small businesses and large, multi-site enterprises.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Oct 2021 | $114M | $114M | Delta | — |
| EARLY VCEquity / VC | Aug 2000 | $12M | $47M | Undisclosed | — |
Growth signals
Latest recorded traffic for March Networks is 29K monthly website visits, down 25.6% over the last three months. March Networks's team grew 14.1% over the past year.
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Other known investors1 additional known investor
Delta
Source: Dealroom Talent Intelligence.
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