OTTAWA , April 1 /PRNewswire-FirstCall/ - March Networks(TM) (TSX:MN; AIM:MNW), a leading provider of intelligent IP video and business analysis applications, today launched VideoSphere(TM) - a next-generation video management solution that enables organizations to maximize investments in existing video infrastructure as they make the transition to all-IP video. With VideoSphere, customers benefit from common management software that unifies IP and analog environments in an end-to-end solution.
The VideoSphere portfolio includes integrated video and system management software, analytic applications and best-in-class March Networks IP cameras, encoders and networked video recorders. VideoSphere's highly flexible architecture meets the diverse requirements of enterprise-class organizations regardless of their position on the technology adoption curve.
"While there is no question that IP video deployments will eventually
dominate the security industry, that transition is clearly not going to happen
overnight," said Alastair Hayfield, Research Analyst, IMS Research. "Although
we expect the world market for networked video surveillance systems to grow by
almost 40 percent CAGR through to 2011, our research also indicates that there
remains a substantial installed base of legacy systems, many of which will
transition to IP over time. By 2011, we expect that the total market for new
networked video surveillance systems will be worth U.S.
Organizations ready for an all-IP infrastructure can install VideoSphere video management software on industry-standard host and storage servers and select from a portfolio of award-winning IP cameras to stream video directly onto their network. Alternatively, VideoSphere's family of hybrid recording platforms enables organizations to enhance existing video infrastructure capabilities with advanced analytic applications and standard and megapixel IP cameras.
"With nearly 70,000 systems in service and some of the world's largest video deployments, March Networks has a rich heritage of working with leading organizations across the financial, retail, transportation and other high-growth sectors," said Peter Strom , President and CEO, March Networks. "We leveraged this experience in designing the VideoSphere solution to provide our customers with best-in-class functionality today and the flexibility they need to adopt new technologies at their own pace as part of a clear and long-term migration path."
March Networks will demonstrate VideoSphere in Booth 12094 at the ISC West International Security Conference and Exposition, April 2-4 at the Sands Expo and Convention Center in Las Vegas , and in Booth 2301 at Interop Las Vegas , April 27-May 2 at the Mandalay Bay Convention Center.
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.
(x)MARCH NETWORKS, VideoSphere and the MARCH NETWORKS and VideoSphere
logos are trademarks of March Networks Corporation. All other trademarks
are the property of their respective owners.
SOURCE MARCH NETWORKS CORPORATION