OTTAWA, Jan. 22 /PRNewswire-FirstCall/ - March Networks(R) (TSX:MN), a leading provider of intelligent IP video and business analysis applications, announced today that BNL - Gruppo BNP Paribas has selected the Company's networked video recording platforms and management software for advanced security in its retail branches across Italy . The bank will also deploy the Company's embedded video analytics to extend its monitoring capability in select locations.
BNL provides financial services to individual, commercial and government clients nationwide through a network of more than 850 retail banking branches. It is owned by BNP Paribas, one of the world's five largest financial institutions with operations spanning more than 85 countries and assets exceeding U.S.
The March Networks solution will enable BNL to increase efficiency by centralizing its video network management and security operations. Using the latest video compression standards, including H.264 and MPEG4, it delivers high quality, high frame rate video transmission without impacting network bandwidth. Video analytic software provides further efficiencies by alerting personnel to potential security issues, such as unauthorized activity in restricted areas, in real time.
BNL expects the deployment, which it initiated in 2008 working with leading systems integrator Niscayah, to reach approximately 400 retail locations by the end of the fiscal year.
"The March Networks solution meets all of our key criteria," said Fabio Scarpelli , BNL Security Officer. "It is able to provide us with outstanding video quality, advanced analytic applications, and the ability to access live and archived video securely from any networked location - including our central monitoring station - without affecting network availability or the transmission of our critical business data. We are confident that this solution will help us maintain our high security standards and better protect our customers, staff and assets."
March Networks President and CEO Peter Strom said, "Our IP video solutions deliver the high reliability, performance and video quality required by financial institutions worldwide. They allow these organizations to benefit from the latest IP video technologies while protecting investments in existing surveillance infrastructure. We look forward to working with BNL and further expanding our presence in the European market in this fiscal year."
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.
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