OTTAWA, Aug. 6 /CNW Telbec/ - March Networks(R) (TSX:MN), a leading
provider of intelligent IP video and business analysis applications, announced
today that one of Europe's largest financial institutions has selected the
Company's VideoSphere(TM) open-platform Video Management System (VMS) software
and more than 2,000 CamPX and MegaPX IP cameras for advanced security and
monitoring across 150 retail banking branches.
The deal, worth approximately CAD $1.5 million, follows previous
deployments of March Networks hybrid recording platforms in several hundred of
the bank's retail branches. It also includes powerful VideoSphere Enterprise
Service Manager software, which will be installed in the bank's security
command center to enable extensive remote management and resource optimization
In addition, the financial institution will use VideoSphere intelligent
video analytics to immediately detect and monitor unusual activity, such as a
person loitering in an ATM vestibule or entering a secure area without
authorization. The high-definition MegaPX IP cameras, complete with SDHC
cards, will provide local storage and enhanced redundancy.
With thousands of retail banking branches located throughout much of
Central and Eastern Europe, the financial institution selected the VideoSphere
solution for its exceptional performance and scalability - features that are
crucial to the effective management of multiple security applications across
the highly-distributed organization.
"Financial institutions worldwide are using our IP video solutions to
effectively manage their high security and loss prevention standards across
hundreds, or thousands, of corporate and retail banking sites," said Peter
Strom, President and CEO, March Networks. "With more than a decade of
experience providing advanced surveillance capabilities to the financial
industry, and a strong portfolio of integrated IP video software and systems,
we are well-positioned to address the unique needs of this market as it
transitions strategically to all-IP video networking."
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 respective owners.
For further information:
For further information: Peter Wilenius, March Networks Corporation,
(613) 591-8181, firstname.lastname@example.org