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March Networks completes acquisition of Trax

Ottawa-based March Networks Corp., a provider of Internet Protocol (IP)-based digital video surveillance products, ...


July 14, 2006  


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Ottawa-based March Networks Corp., a provider of Internet Protocol (IP)-based digital video surveillance products, announced today that it has completed the acquisition of certain assets of Trax Retail Solutions, Inc. and its affiliated company.

Trax, based in Scottsdale, Ariz., develops enterprise software for loss prevention, store operations control and profit optimization solutions within the retail sector.

The acquisition of Trax, originally announced on June 6, was completed for approximately $7.8 million of cash and assumed liabilities, plus an earn-out component.