Archive for February 2012

OTTAWA, ONTARIO, February 21, 2012 –– March Networks^® (TSX: MN), a global provider of intelligent IP video solutions, today announced more than $2.5 million in orders from a top ten global financial institution for new video recording systems. The financial institution is deploying the hybrid network video recorders (NVRs) to outfit new retail banking branches, as well as existing branches as part of a planned upgrade program. In addition, it plans to use the company’s integrated Searchlight software applications in a number of locations to more aggressively reduce losses from ATM skimming, cash harvesting and other banking crime.

These latest orders will bring the bank’s total March Networks video surveillance installation to approximately 8,000 locations once the rollout is complete in August 2012. The customer continues to standardize on the financial solution because of its centralized video management capability, which enables authorized staff to access video and conduct investigations remotely at a much faster pace. The solution also provides the demonstrated reliability, scalability, and advanced health monitoring and maintenance needed to ensure optimum system performance across the extensive surveillance network.

“Our financial solutions help banks maintain a competitive advantage by enhancing customer asset protection and increasing operational efficiency,” said Peter Strom, President and CEO, March Networks. “We are pleased to announce new business with one of the world’s largest financial institutions and look forward to showcasing the significant fraud fighting capabilities of our Searchlight portfolio.”

March Networks Searchlight^™ applications provide financial institutions with critical business intelligence that makes it faster and easier to detect and reduce losses from fraud and other crimes. The portfolio includes Financial Transaction Investigation software, which synchronizes ATM and teller transaction records with high-quality video to streamline case management and investigator performance. It also includes powerful Skimming Detection, Image Tracker and License Plate Tracker applications that enable banks to proactively detect fraudulent activity at ATMs and gather strong case evidence through centralized searches that correlate video, transaction information, facial images and license plate data.

More than 450 banks and credit unions worldwide currently use March Networks’ financial solutions to improve security, fraud investigation and operations. The company is also ranked the #1 provider of banking video surveillance systems in the Americas by IMS Research. 

Forward-Looking Statements
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, March Networks Command, March Networks Searchlight and the MARCH NETWORKS logo are trademarks of March Networks Corporation. All other trademarks are the property of their respective owners.

OTTAWA, ONTARIO, February 7, 2012 –– March Networks^® (TSX: MN), a global provider of intelligent IP video solutions, today announced that Escambia County School District – which oversees 60 schools serving more than 40,000 students in Pensacola, Florida – has standardized on the company’s video surveillance system to enhance school safety. Equipped with March Networks Command^™ video management software and 4000 C Series hybrid NVRs, the school district now has an easy-to-use, IP-based surveillance solution that allows it to resolve incidents quickly and better respond to potential threats.

“At the moment, we have a mixture of March Networks hybrid recorders in some schools and the server-based Command software in others,” said Brian Johnson, a network systems analyst with the school district. “The solution is ideal, because it allows us to continue using analog cameras where they are already installed, and eventually transition all of our schools to IP surveillance as our budget permits.”

The fact that the Command software is compatible with both Windows and Macintosh operating systems was another key consideration for the school district, as most of its administrators use Macintosh computers. In addition, Command’s web-based client interface eliminates the need to install and maintain new software on each individual system, saving the school district both time and resources. The web-based software also makes it easier for Escambia to open the surveillance system to law enforcement and other first responders if needed – providing them with a real-time view into a school in an emergency situation.

“Security is a top priority for school communities worldwide, with video surveillance playing an increasingly important role,” said Net Payne, Chief Marketing Officer, March Networks. “Our solutions offer the ease-of-use and management capabilities needed to efficiently oversee large school districts and campus environments, as well as the proven reliability educators, students and their families demand.”

Forward-Looking Statements
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, March Networks Command and the MARCH NETWORKS logo are trademarks of March Networks Corporation. All other trademarks are the property of their respective owners.