OTTAWA — Global intelligent video surveillance and business intelligence provider March Networks and global IP cameras and cloud video solutions platform VIVOTEK recently announced the merger of VIVOTEK’s branded business (OBM) with March Networks.
The merger, according to the joint announcement, is “to deliver greater scale and a stronger, end-to-end video security portfolio spanning cloud, hybrid and on-premise video surveillance environments.”
Together, the two companies “combine complementary strengths in enterprise video management, AI-powered analytics, advanced cameras and cloud services to accelerate innovation and expand their global security ecosystem,” the announcement says.
Who Will Lead March Networks and VIVOTEK Now?
The combined organization will be led by Peter Strom, president and CEO of March Networks, according to the joint announcement.
“This integration is about driving greater scale and accelerating long-term growth,” says Strom in the joint announcement. “By bringing together two market leaders with highly complementary strengths, we are expanding our capabilities and creating new opportunities to deliver more value to our customers and partners.
“March Networks’ leadership in enterprise video management analytics, and business intelligence combines with VIVOTEK’s camera innovation, AI capabilities and direct-to-cloud video technologies to deliver a more powerful, end-to-end portfolio. Together, we are better positioned to help our partners grow and enable their customers to operate more securely and efficiently,” he says.
For customers and partners, the merger “expands the available solution portfolio while maintaining the same trusted brands, support teams and technology platforms they rely on today,” according to the joint announcement.
VIVOTEK’s manufacturing (ODM) business will continue to operate independently while its branded business (OBM) combines with March Networks, the announcement says.
What Are March Networks and VIVOTEK Known For?
March Networks is known for “the most scalable, reliable and secure enterprise video solutions used by the world’s largest banks, retailers, transit agencies and other commercial customers,” according to the joint announcement.
VIVOTEK is recognized for its portfolio of NDAA-compliant IP cameras, leading AI analytics and VORTEX, its direct-to-cloud video solution, designed for simplified deployment and cloud video management, the announcement says.
Together, the combined organization significantly expands its global scale and innovation capacity, including:
- Operations across six continents and more than 70 countries, with expected annual revenue of more than $200 million
- More than 300 engineers in research and development across four Centers of Excellence in Ottawa, Taipei, Poland and Italy
- A network of more than 1,100 certified channel partners worldwide
“This is a seamless transition for our customers and partners,” says Net Payne, chief sales and marketing officer, in the joint announcement. “They will continue working with the same teams they know and trust, while benefiting from greater scale, more choice, and broader global coverage.
“Whether you’re an existing technology partner, part of our channel ecosystem or an end customer using our products, we remain committed to delivering the value you have come to expect from each company,” he says.
