FIMI-backed Magal Security Systems acquires Aimetis
Senstar Corp, an affiliate of Magal Security Systems Ltd (NASDAQ GM: MAGS), has acquired Aimetis Corp, a Waterloo, Ont.-based intelligent video management software company. The deal valued Aimetis at US$14 million ($18.3 million). Magal, an Israeli provider of solutions for physical and cyber security, safety and site management, said the acquisition adds to Sentar's portfolio of perimeter intrusion detection systems. Magal has been backed by Israeli private equity firm FIMI Opportunity Funds since 2014. Aimetis has received funding from Canadian venture capital firm Covington Capital Corp and other investors.
4 April 2016•3 mins read
