Original Press Release
New SaaS Solution from March Networks Offers Retailers Advanced Business Intelligence for Loss Prevention and Operations Management
Press release date: September 15, 2008
OTTAWA, Sept. 15 -- March Networks(R) (TSX:MN), a leading provider of intelligent IP video and business analysis applications, today launched VideoSphere(TM) Hosted Business Intelligence (BI) Services for retail organizations. This software-as-a-service offering enables retail chains to benefit from advanced loss prevention and operations management tools while eliminating large, upfront capital investments and IT infrastructure costs.
Based on the Company's VideoSphere Extreme Loss Prevention (LP) software suite, the subscription-based hosted solution provides retailers with powerful, point-of-sale (POS) exception reporting and operations analysis to reduce shrinkage and improve store performance. This solution is ideal for small to mid-sized retail chains seeking to maximize existing resources and larger organizations that want to expand LP and operations capabilities quickly and cost-effectively.
With VideoSphere Hosted BI Services, customers can access and customize their reports at any time using a secure, web-based dashboard, or receive reports regularly via email. Applications include a standard set of up to 40 policies designed to identify unusual transactions, detailed store performance reports, top product analysis, and transaction management capabilities. The solution has been designed to meet Payment Card Industry Data Security Standards (PCI-DSS) to protect the privacy and security of credit card data.
"Hosted business intelligence is an attractive option for many retail organizations that want enterprise-class functionality without major capital outlays or additional software for their IT staff to manage," said Peter Strom, President and CEO, March Networks. "We are pleased to meet this need in the marketplace with new, high performance services that are scalable, fully distributed and address the requirements of both large and small retail customers."
Hosted BI Services are the latest addition to March Networks' existing portfolio of managed and professional services for retail organizations. The Company's Managed Video Network Services provide remote health monitoring and maintenance of a customer's entire video network to ensure optimum performance, while its Retail Professional Services range from installation and implementation to training and consulting services.
March Networks will demonstrate its VideoSphere Hosted BI Services in Booth 4034 at the ASIS International 2008 Annual Seminar and Exhibits, September 15-18 at the Georgia World Congress Center in Atlanta, GA.
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. Its 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.
*MARCH NETWORKS and the MARCH NETWORKS logo are registered trademarks of March Networks Corporation. All other trademarks are the property of their respective owners.
CONTACT: Peter Wilenius March Networks Corporation, (613) 591-8181, firstname.lastname@example.org