Infinova Canada has entered into an agreement to acquire March Networks Corporation, a provider of intelligent IP video solutions based in Ottawa, Ontario, for approximately C$ 90.1 million. March Networks will be a wholly owned subsidiary of Infinova Canada, operating independently under its existing name and brands. The acquisition is intended to drive growth through both companies' complementary product and service offerings.

"The combination of Infinova's global robust manufacturing, research and development capabilities and March Networks' innovative technological design provides our customers with industry-leading, complete video security solutions," said Dr. Jeffrey Liu, chairman of Infinova. "This transaction increases our combined global presence and elevates us to a position among the top 10 in the global security and surveillance market in terms of revenue."

In 2010 Infinova was listed on the Shenzhen Stock Exchange and raised USD$300 million to support organic growth and fund acquisitions. The acquisition of March Networks, Infinova's first, shall be completed with cash on hand. Closing is subject to shareholder approval of both companies and regulatory approvals. [www.infinova.com] [www.marchnetworks.com]