OTTAWA, Ontario -- March Networks has received the Frost & Sullivan Vertical Market Penetration Award for its strength in the banking vertical. Frost & Sullivan, a global growth consulting company, selected March Networks as the award recipient following research for its January 2005 report, World Video Surveillance Equipment Markets. The award recognizes March Networks' achievements in obtaining a substantial market share of digital video recorder (DVR) unit shipments in the banking market, and for its ability to provide products and applications specifically suited to the market.
Since the launch of its next generation Linux-based DVR platform in 2002, March Networks has consistently gained market share by providing its comprehensive line of DVRs and software products to a number of leading financial institutions in North America and Latin America. These customers selected March Networks DVR products following rigorous evaluation procedures that assessed video quality, bandwidth usage, network compatibility, scalability, operational functionality, and centralized management capabilities. In most instances, the banks' security teams worked collaboratively with their IT counterparts to ensure that the March Networks DVR systems performed to all levels of the organizations' specifications.
"March Networks has achieved a dominant position in the United States banking vertical with more than a 25 percent market share in terms of the number of DVR units shipped to that market," states Soumilya Banerjee, Frost & Sullivan industry analyst. "With its success to date in the U.S., and a strategic focus to deliver its proven DVRs and software to high growth markets in Latin America, March Networks is well positioned for continued success."
