OTTAWA, Aug. 4 /CNW Telbec/ - March Networks(R) (TSX: MN), a global provider of intelligent IP video solutions, today announced that one of Canada's premier financial institutions will deploy its VideoSphere(R) Banking Solution as part of a comprehensive video surveillance roll-out at approximately 1,000 bank branches across Canada. The first phase of the project is expected to be completed by October.
"This win demonstrates the continuing momentum March Networks is experiencing in the banking market," said Peter Strom, President and CEO, March Networks. "Our VideoSphere solution is unparalleled in meeting the sector's exacting security requirements and we are honored that it has been selected by the majority of 'Big Five' Canadian banks. Given the importance of video in protecting their customers' assets, we often do not disclose our large financial clients publicly in order to deliver on their primary objective of financial security."
The financial institution selected the March Networks solution after a rigorous vendor review and trial process, citing reliability, centralized management capabilities and ease of use as key March Networks' differentiators.
The industry-leading VideoSphere portfolio delivers a very scalable, end-to-end, high-definition (HD) security solution that provides security staff with an intuitive way to manage cases and accelerate investigations. With advanced analytic applications and video capture capability at the automated teller machine (ATM)/bank teller level, the solution will significantly reduce losses from ATM skimming and other fraudulent activity. Software analytics such as queue line monitoring, people counting, and facial detection enable VideoSphere customers to realize greater overall efficiency through improved operations. In addition, the VideoSphere Banking Solution seamlessly expands to include HD IP camera capabilities on the same device, delivering important support for future growth.
About March Networks
March Networks(R) (TSX:MN) is a global provider of intelligent IP video solutions. For close to a decade, the company has helped some of the world's largest commercial and government organizations transition from traditional CCTV to networked video surveillance used for advanced security, loss prevention and risk mitigation. VideoSphere(R), the company's enterprise-class video management portfolio, includes open-platform VMS software complemented by high-definition IP cameras, encoders, video analytics and recording platforms, as well as outstanding professional and managed services. March Networks systems are delivered through an extensive distribution and partner network and currently support over one million channels of video 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, VideoSphere and the MARCH NETWORKS logo are registered trademarks of March Networks Corporation. All other trademarks are the property of their respective owners.
SOURCE March Networks Corporation
For further information: For further information: Erica Miskew, March Networks, +1 613-591-8181 x5760, firstname.lastname@example.org