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March Networks reports contract with Latin American bank

18 July 2007  |  1633 views  |  0 Source: March Networks

March Networks (TSX:MN; AIM:MNW), a leading provider of IP-based video surveillance solutions, announced today that a progressive financial services institution in Latin America has standardized on the company's digital video software and systems for deployment across more than 350 retail banking locations.

The company expects the systems to be deployed across all locations during the first quarter of its current fiscal year.

The financial institution's banking branches are located within retail stores and provide credit, personal loans, and other financial services to consumers. Many of the sites also include automated teller machine (ATM) services.

The institution is using the March Networks solution to enhance customer and staff safety, deter crime, and ensure that high quality video evidence is available for review following security incidents. The solution includes enterprise-level video management platforms and supports advanced applications, such as ATM and teller transaction data integration. It also meets the bank's requirements for video recording and live alarm monitoring.

"We continue to secure new business in the vibrant Latin American market, capitalizing on the investment made in the region over the past year," said Peter Strom, President and CEO, March Networks. "The company's success in this market is based on the strength of our solutions and our proven experience working with banking customers throughout the region. We are committed to growing our presence in Latin America and expect further successes in the months to come."

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