OTTAWA, Aug. 31 /CNW Telbec/ - March Networks(R) (TSX:MN), a leading
provider of intelligent IP video and business analysis applications, announced
today that Banco de Occidente S.A. will use the Company's networked video
recording systems and management software to centralize security and loss
prevention operations across 200 retail banking branches.
Based in Cali, Colombia, Banco de Occidente provides numerous banking
services to customers nationwide. It is one of the country's largest financial
institutions and is a subsidiary of Grupo Aval Acciones y Valores S.A. (Grupo
Aval), a publicly-traded holding company that includes four of Colombia's
major banks and other financial organizations.
Following an evaluation of several surveillance systems, Banco de
Occidente selected the March Networks solution based on the strength of its
video compression technology, which reduces bandwidth and storage
requirements, and its enterprise-class video management software. The system's
advanced case management tools and high quality video evidence will help the
bank combat theft and fraud and better safeguard customers. In addition, the
system's remote health monitoring capability will provide the bank with
optimum performance and reliability.
"Our IP video solutions for the financial market continue to outperform
in competitive trials, where high reliability, video resolution and
performance across the network are of prime importance," said Peter Strom,
President and CEO, March Networks. "We are proud to provide Banco de Occidente
with the video management capabilities it requires to protect its clients and
assets while streamlining security operations."
About March Networks
March Networks(R) (TSX:MN) 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