OTTAWA, Nov. 24 /PRNewswire-FirstCall/ - March Networks(R) (TSX:MN), a leading provider of intelligent IP video and business analysis applications, announced today that a major financial institution in Mexico has selected the Company's Managed Video Network Services to ensure the optimal performance of its IP video surveillance systems.
The financial institution is currently using March Networks' video management platform across more than 1,300 retail branches. It will now outsource the ongoing health monitoring and management of that surveillance solution to the Company's network operations center (NOC). Part of the VideoSphere(TM) Intelligent Video Management portfolio, the managed service supports an organization's ability to benefit from advanced IP video technologies and applications while extending existing resources.
Using intelligent management tools central to the Company's enterprise-class solution, NOC personnel will remotely monitor the customer's network of cameras, NVRs and disk drives. They will track system metrics and proactively diagnose and address potential issues before they affect performance, working remotely with a local certified provider for onsite service requirements. Managed Video Network Services maximize surveillance uptime and help ensure video evidence is available whenever it is needed. In addition, the offering includes ongoing software maintenance and updates that provide customers with the latest functionality available in the Company's portfolio.
"We are pleased to extend our relationship with this leading financial institution by delivering advanced services that ensure the highest level of system availability," said Peter Strom , President and CEO, March Networks. "We expect managed services to be a growth engine for the Company as more financial institutions turn to outsourcing as a cost-effective way to manage their security infrastructure."
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, VideoSphere and the MARCH NETWORKS logo are
trademarks of March Networks Corporation. All other trademarks are the
property of their respective owners.
SOURCE MARCH NETWORKS CORPORATION