Unedited news and product information from vendors.
March Networks Recognized for Leadership Position in North American Retail Video Surveillance Market
Jan 21, 2008 (10:01 AM EST)
OTTAWA, Jan. 21 /PRNewswire-FirstCall/ - March Networks(TM) , a leading provider of intelligent IP video and business analysis applications, is pleased to announce its ranking as the second largest supplier of video surveillance equipment to the North American retail market in a new report from IMS Research.
The report, Security in Retail: A Survey of Retailers in North America, estimates that March Networks is one of three video surveillance equipment providers with a 6 percent share each of the $437 million market that is expected to grow to $586.4 million by 2011.
More than 100 retail organizations use March Networks' intelligent exception reporting and IP video solutions to prevent losses, mitigate risk, enhance security and improve overall store performance. These advanced technologies are critical tools for retail organizations in their efforts to reduce internal theft, organized crime and other sources of inventory shrinkage, which costs U.S. retailers an estimated $42 billion annually.
In February, March Networks customers from top U.S. and Canadian retail organizations will attend the company's third annual Retail Summit in Scottsdale, AZ. The Company hosts the roundtable each year to bring together senior loss prevention, operations and IT decision-makers for focused discussion on loss prevention strategies and future technology requirements.
"Our efforts to engage with our customers and respond to their needs has helped us develop leading retail solutions that have proven both reliable and highly effective in some of the largest retail deployments in North America," said Peter Strom, President and CEO, March Networks. "We are extremely pleased to be recognized for our success in this high-growth sector and anticipate increasing our retail vertical market share in 2008, both in North America and in other target markets."
About March Networks
March Networks(TM) www.marchnetworks.com 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 .
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.
(x)MARCH NETWORKS and the MARCH NETWORKS logo are trademarks of March
Networks Corporation. All other trademarks are the property of their
CONTACT: Peter Wilenius, March Networks Corporation, (613) 591-8181, email@example.com