OTTAWA, Nov. 8 /CNW Telbec/ - March Networks(TM) (TSX:MN; AIM:MNW), a
leading provider of intelligent IP video and business analysis applications,
announced today that the Bank of New Zealand has selected its R5 Visual
Intelligence management software and networked video systems for more than
170 retail banking branches throughout New Zealand. The rollout is expected to
be completed by the end of 2008. Approximately 80 units have already been
Headquartered in Auckland, the Bank of New Zealand is the country's third
largest financial institution, with assets of more than NZ $50 billion. Its
operations include retail banking branches, online services and more than
400 automated teller machines (ATMs). It is also affiliated with banks and
financial service companies in 15 countries through its parent organization,
National Australia Bank Group.
The Bank of New Zealand will use the March Networks solution to enhance
loss prevention and security operations and efficiencies across its retail
footprint. A key factor in the bank's selection was the strength of March
Networks' enterprise-class video management. The software provides the bank
with centralized video network management and health monitoring for optimal
performance and reliability, as well as integrated authentication for added
security and convenience. Flexible video retention ensures efficient data
storage and extends the retention of important video automatically, based on
business rules set by the bank. The solution also supports advanced business
analysis applications, such as ATM and teller transaction data integration.
Guardall NZ Limited, an experienced March Networks Certified Solution
Provider with offices in Auckland, is providing all installation and technical
"The March Networks systems deliver the investigation and administration
capabilities we need to work effectively and ensure the security of our
customers, employees and assets," said Mike Byrne, Head of Fraud and Security,
Bank of New Zealand. "Combined with Guardall's product and integration
expertise, we are confident this high performance solution will meet our
immediate needs and support future requirements as well."
Peter Strom, President and CEO of March Networks said, "We are pleased to
be working with the Bank of New Zealand and expanding our global footprint in
the financial services sector."
About March Networks
March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of intelligent
IP video and business analysis applications that enable organizations to
reduce losses, mitigate risks and improve security and operational efficiency.
The Company's advanced software suite includes enterprise-class video
management, powerful analytics and comprehensive managed and professional
services. Our software and systems are used by leading financial institutions,
retailers, transportation authorities and other organizations in more than
50 countries. For more information, please visit www.marchnetworks.com.
This release contains certain forward-looking information, including
expectations of future business. This information is based on the Company's
current expectations and assumptions that are subject to a variety of risks
and uncertainties that are difficult to predict and that may be beyond March
Networks' control. Actual results could differ materially from those expressed
in any forward-looking statements due to factors such as customer demand and
timing of purchasing decisions, increased levels of competition, technological
changes and the successful development of new products, dependence on
third-party manufacturers, risks relating to intellectual property
infringement claims, and other risks and factors identified in March Networks'
public filings with regulatory authorities in Canada. March Networks assumes
no obligation to update these forward-looking statements as a result of new
information or future events.
(*)MARCH NETWORKS and the MARCH NETWORKS logo are trademarks of March
Networks Corporation. All other trademarks are the property of their
For further information:
For further information: Peter Wilenius, March Networks Corporation,
(613) 591-8181, firstname.lastname@example.org