March Networks Acquires DoIT Software’s Cloud-Based Data Analytics Platform
The acquisition is said to fast-track March Networks’ transition to Cloud video and give it a new Cloud-based data analytics platform that will be integrated into its existing Searchlight software.
OTTAWA, Ont., Canada — March Networks announces it has acquired the FOCUS Business Analytics Platform from Gliwice, Poland-based DoIT Software.
March Networks completed the acquisition on October 1. Terms of the transaction were not disclosed.
The transaction fast-tracks its transition to Cloud video and gives March Networks a new Cloud-based data analytics platform that will be integrated into its existing Searchlight software, further extending its ability to deliver operational and business intelligence to its customers, according to the company.
The majority of the DoIT Software staff will join the newly established March Networks Poland and the facility will serve as the company’s newly created development center for advanced data analytics and artificial intelligence.
Searchlight combines high-definition video surveillance with various data sources including transactional data from point of sale systems, metadata from AI-enabled cameras and other forms of sensor-driven data to give organizations a complete view of their business.
Using the platform, corporations can address security and fraud concerns, while also gaining insights into operational, compliance, and sales and marketing issues, according to the company.
With the new FOCUS software integration, Searchlight will be further enhanced so all data lives in the Cloud. A modern and intuitive user interface is said to feature customizable reports and dashboards, allowing customers to configure a multitude of reports, establish key performance indicators (KPIs), monitor trends, and set targets for improvement. Multiple sources of data can be tied together, analyzed and visualized, giving customers a more comprehensive view of their business.
March Networks notes that 15,000 business locations worldwide use Searchlight, including multi-national retailers and financial institutions, major restaurant chains, as well as leading c-stores. Once the integration with Focus is complete, these customers will be able to upgrade to the new Cloud-based platform and take advantage of its scalability and flexibility.
“We are very excited to add the FOCUS platform to the March Networks product portfolio. This represents our first acquisition since being acquired by Delta in December,” says Peter Strom, president and CEO of March Networks. “Our product strategy continues to center on extending the value of video surveillance beyond security, and this new platform — with its ability to process large data sets from multiple sources — offers almost unlimited potential to gather new operational and business intelligence. We are very happy to welcome Leszek Tomanek and the staff of DoIT Software to the March Networks family. We plan to further invest in the area and expect to double the number of employees in our new Gliwice office.”
Leszek Tomanek, CEO of DoIT Software, says the March Networks product vision aligns well with DoIT Software’s technical expertise. “Our FOCUS software developers bring years of experience building scalable video and data analytics solutions. We’re excited to bring this knowledge and experience to March Networks, and further enhance an already well-established and successful product in Searchlight.”
March Networks is targeting to launch the next evolution of Searchlight integrated with the Cloud-based FOCUS platform in Q1 2023. Existing March Networks hosted Searchlight customers will be able to gain access to the new platform on a trial basis, while still enjoying the same features and functions that exist today.
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