Thursday, January 31, 2008

March Networks to Acquire IP Video Solutions Developer

OTTAWA, Jan. 30 /PRNewswire-FirstCall/ - March Networks(TM) (TSX:MN;
AIM:MNW), a leading provider of intelligent IP video and business analysis
applications, announced today that it has entered into a definitive
agreement to acquire Cieffe S.p.A. and its related company Insignis
Technologies S.r.l.

Cieffe, based in Milan, Italy, develops high performance IP video
surveillance solutions used by enterprise-class organizations across
Europe, the Middle East and Asia Pacific. With a reputation for innovative
design and advanced functionality, Cieffe's products are used by leading
European financial institutions and a number of high profile airport,
government and commercial industrial clients for mission-critical security
applications. Cieffe's calendar 2007 revenue is estimated at (euro)10
million (CAD 14.7 million). Cieffe's pre-tax profit for the 10 months ended
October 31, 2007 was approximately (euro)400,000 (CAD 600,000) and its net
asset position at October 31, 2007 was approximately (euro)1.5 million (CAD
2.0 million).