OTTAWA, Jan. 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 retail arm of a global, consumer products
organization is using the Company's data analytics software in more than
150 U.S. retail stores for advanced loss prevention.
The organization, which operates nearly 500 retail locations worldwide,
selected the March Networks LP Data Mining software suite to help reduce
inventory shrinkage and improve overall store performance. Leading sources of
inventory shrinkage include employee theft, shoplifting and cashier error, and
cost U.S. retailers an estimated $42 billion each year.
The LP Data Mining solution includes fully customizable Point-of-Sale
transaction profiling, user-friendly investigation and reporting tools, and
digital video integration. It enables the organization's loss prevention
professionals to efficiently identify and confirm fraudulent activity and
patterns of theft with features such as gift card and employee purchase/return
Following an extensive evaluation of vendor offerings, the retail
organization selected the March Networks solution to replace existing,
competitive software. The LP Data Mining suite delivered more advanced query
and customization capabilities, as well as seamless integration with shipping
and other business system data.
"Our sophisticated data mining and video management applications provide
the operational intelligence organizations are seeking to reduce shrinkage and
enhance business performance in a highly-competitive retail environment," said
Peter Strom, President and CEO, March Networks. "We are pleased to have been
selected as the platform of choice by this global brand and look forward to
expanding our presence in multiple retail spaces throughout 2008."
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