March Networks, a manufacturer of IP video and business analytic solutions, announced that it recently closed a $1.5 million deal with a large European Bank to provide it with more than 2,000 CamPx and MegaPX IP cameras, as well as its VideoSphere video management system.
According to a statement released by the company, the deal follows on the deployment of several March Networks hybrid recording platform at several of the bank’s branches. The new cameras and video management system are expected to cover 150 retail bank branches across Europe.
“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 of 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.”