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Press Release

Aimetis Closes on Series A Financing

Investment to further market expansion and new product development

Waterloo, Canada - 2010-03-01

Aimetis Corp., a global leader in intelligent video management software today announced that it has completed a $5 million Series A financing with Covington Capital Corporation (“Covington”) and VentureLink Brighter Future Fund Inc. (Venturelink).

Established in 2003, Aimetis offers intelligent IP (network) video management technologies designed primarily for the retail and transportation markets. UK based market research firm, IMS Research, estimates the market for network video surveillance equipment will grow at a CAGR of over 25% in the next few years, reaching almost $13 billion by 2013.

“Given the size and expected growth rate of the global network video surveillance market, we are pleased to invest in a Canadian company that has established a solid reputation for innovation and reliability within this burgeoning sector,” states Phil Reddon, Managing Partner, Covington Capital Corporation.

In the past few years, the growth of Aimetis has outpaced that of the market. We are very excited about the company’s future in this growing market,” commented Jim Whitaker, Partner, Venturelink.

“We are extremely pleased to have Covington and Venturelink as our partners,” said Marc Holtenhoff, CEO, Aimetis, Corp. "As established venture investors that act as true business partners, they will be instrumental to facilitate accelerated development of innovative network video solutions and rapid market expansion, while continuing to provide exceptional client care.”

About Covington Capital Corporation

Founded in 1995, Covington Capital Corporation is one of Canada’s largest and most experienced venture capital fund providers. Managing approximately $300 million in venture capital assets on behalf of institutional and retail investors, Covington invests in small-and-medium businesses throughout many industry sectors. Covington Capital Corporation is headquartered in Toronto, Ontario.

About VentureLink

With over $250 million under management, VentureLink Funds is a diverse group of retail venture capital funds (“LSIF”). VentureLink Funds give investors access to dynamic industries like alternative energy as well as to well-diversified portfolios of established companies operating in traditional industries such as financial, manufacturing and service industries. The company maintains a strong relationship with CI Financial Inc., who performs client services and client account administration for the Funds. For more information, please visit: www.venturelinkfunds.com.

Acerca de Aimetis

Aimetis, una empresa de Senstar, simplifica la administración de video en red para video vigilancia al ofrecer soluciones inteligentes con el menor costo total de propiedad para un mundo conectado. Combinando un sistema de administración de video líder en la industria con video analíticas integradas y administración centralizada en la nube, Aimetis ofrece la plataforma de administración de video más escalable y fácil de usar en el mercado. Fundada en 2003, Aimetis se ha establecido como líder mundial en tecnología de administración de video inteligente desde sus oficinas principales en Waterloo, Canadá. Aimetis cuenta con distribuidores y socios certificados en más de 100 países sirviendo a una variedad de industrias incluyendo comercio, transporte, y otras.

David Tubbs
marketing@aimetis.com
+1 (519) 746-8888 x268