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Colombia';s Banco de Occidente Standardizes on Advanced Digital Surveillance from March Networks

^{Published on 2009-08-31 05:12:46 - Market Wire}
 

 OTTAWA, Aug. 31 /CNW Telbec/ - March Networks(R) (TSX:MN), a leading provider of intelligent IP video and business analysis applications, announced today that Banco de Occidente S.A. will use the Company's networked video recording systems and management software to centralize security and loss prevention operations across 200 retail banking branches. Based in Cali, Colombia, Banco de Occidente provides numerous banking services to customers nationwide. It is one of the country's largest financial institutions and is a subsidiary of Grupo Aval Acciones y Valores S.A. (Grupo Aval), a publicly-traded holding company that includes four of Colombia's major banks and other financial organizations. Following an evaluation of several surveillance systems, Banco de Occidente selected the March Networks solution based on the strength of its video compression technology, which reduces bandwidth and storage requirements, and its enterprise-class video management software. The system's advanced case management tools and high quality video evidence will help the bank combat theft and fraud and better safeguard customers. In addition, the system's remote health monitoring capability will provide the bank with optimum performance and reliability. "Our IP video solutions for the financial market continue to outperform in competitive trials, where high reliability, video resolution and performance across the network are of prime importance," said Peter Strom, President and CEO, March Networks. "We are proud to provide Banco de Occidente with the video management capabilities it requires to protect its clients and assets while streamlining security operations." 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 ]. 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 and the MARCH NETWORKS logo are trademarks of March Networks Corporation. All other trademarks are the property of their respective owners. 

For further information: Peter Wilenius, March Networks Corporation, (613) 591-8181, [ pwilenius@marchnetworks.com ]