OTTAWA , Sept. 11 /PRNewswire-FirstCall/ - March Networks(TM) (TSX:MN; AIM:MNW), a leading provider of intelligent IP video and business analysis applications, announced today that Banco del Bajio S.A. has selected its digital video software and systems for more than 140 retail banking branches throughout Mexico .
Headquartered in Leon, Guanajuato, Banco del Bajio is the country's eighth
largest financial institution with assets of more than
Banco del Bajio is using the March Networks solution to monitor the safety and security of its customers, employees and assets. High quality video evidence helps speed fraud and theft investigations, while a live monitoring feature enables central monitoring staff to view events remotely on alarm. The solution includes enterprise-level video management platforms and supports advanced business analysis applications, such as automated teller machine (ATM) and teller transaction data integration. It also meets government-mandated recording and monitoring requirements.
"The March Networks solution has enabled our organization to quickly identify and address several incidents of theft and vandalism," said Jose de Jesus Rojas Vazquez, Manager of Corporate Security, Banco del Bajio. "We are also operating more effectively as a result of the remote video management. More importantly, we are confident we are providing the highest level of security for our clients and employees with the solution in place."
"We are pleased to include Banco del Bajio in our growing list of banking customers in Mexico and across Latin America," said Peter Strom , President and CEO, March Networks.
"The region's financial sector is rapidly expanding to keep pace with demand for personal banking, loan and credit services, and March Networks continues to expand on its market leadership position. We expect additional wins in the region during this current fiscal year."
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.
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SOURCE MARCH NETWORKS CORPORATION