Israel based company Magal S3 has made an official announcement that its business unit Senstar has acquired Canada based AIMETIS for a sum of $14 million USD.
AIMETIS, well known for its intelligent IP video management and analytical software announced last month that it is going to launch its new Symphony version 7 in mid 2016. At this point, the announcement that the company has been acquired by another company sounds interesting.
Marc Holtenhoff- CEO of AIMETIS has made the deal official through media and said that his company is proud to join the Senstar team and contribute their market leading intelligent network video management solutions to an industry leading portfolio of security and safety products.
As per the details available from ISC West 2016 Las Vegas, AIMETIS will continue to live as a separate entity and all the staff and operations will remain the same after the deal. Currently, Senstar and AIMETIS are busy demonstrating their newly integrated products and capabilities at the event.
More details will be updated shortly.