OTTAWA, Nov. 20 /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 Latin America has selected the Company's networked video recording systems and investigation software for deployment across more than 1,900 retail banking branches and automated teller machines (ATMs). The Company expects to fulfill the order, which is valued at more than CDN
The financial institution will use the March Networks solution to enhance efficiency by centralizing its security and loss prevention operations across its network. The solution's ATM transaction data integration software, combined with advanced case management tools and high quality video evidence, will help the bank combat fraud and theft. In addition, its remote video management and health monitoring capability will enable optimum performance and reliability.
Designed to help organizations transition to the latest IP video technologies while protecting investments in existing CCTV infrastructure, the solution also supports March Networks' portfolio of VideoSphere(TM) IP cameras, encoders and intelligent video analytics. The financial institution can choose to deploy these new capabilities at any time to further enhance security and customer service, and ensure corporate compliance.
"We are pleased to add this leading Latin American bank to the growing list of financial institutions using our solutions worldwide," said Peter Strom , President and CEO, March Networks. "Our integrated video surveillance and business analysis applications provide institutions with the powerful tools they need to address fraud, theft and liability issues, particularly during challenging economic periods."
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
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SOURCE MARCH NETWORKS CORPORATION