Original Press Release
March Networks Launches Intelligent Video Management Solution
Press release date: April 1, 2008
VideoSphere Maximizes ROI in Smart Migration to All-IP Video
OTTAWA, April 1 /-- March Networks(TM) (TSX:MN; AIM:MNW), a leading provider of intelligent IP video and business analysis applications, today launched VideoSphere(TM) - a next-generation video management solution that enables organizations to maximize investments in existing video infrastructure as they make the transition to all-IP video. With VideoSphere, customers benefit from common management software that unifies IP and analog environments in an end-to-end solution.
The VideoSphere portfolio includes integrated video and system management software, analytic applications and best-in-class March Networks IP cameras, encoders and networked video recorders. VideoSphere's highly flexible architecture meets the diverse requirements of enterprise-class organizations regardless of their position on the technology adoption curve.
"While there is no question that IP video deployments will eventually dominate the security industry, that transition is clearly not going to happen overnight," said Alastair Hayfield, Research Analyst, IMS Research. "Although we expect the world market for networked video surveillance systems to grow by almost 40 percent CAGR through to 2011, our research also indicates that there remains a substantial installed base of legacy systems, many of which will transition to IP over time. By 2011, we expect that the total market for new networked video surveillance systems will be worth U.S. $4 billion and that sales of digital video recorder systems will represent an additional U.S. $3 billion annually as end users migrate their analog camera technologies to network-based applications."
Organizations ready for an all-IP infrastructure can install VideoSphere video management software on industry-standard host and storage servers and select from a portfolio of award-winning IP cameras to stream video directly onto their network. Alternatively, VideoSphere's family of hybrid recording platforms enables organizations to enhance existing video infrastructure capabilities with advanced analytic applications and standard and megapixel IP cameras.
The VideoSphere solution comprises: - Video management software for installation on customers' own industry-standard IT servers - A growing family of IP cameras, video encoders and networked recorders to meet customer needs on a facility-by-facility basis - Intelligent video and data analytics to improve the relevance of captured video, and to integrate it effectively with operational data - Unifying management and reporting tools for centralized system administration, no matter how large the organization - Backwards compatibility with existing March Networks enterprise video recorders - Integration with leading third-party video applications and components to provide a more comprehensive surveillance and security network
"With nearly 70,000 systems in service and some of the world's largest video deployments, March Networks has a rich heritage of working with leading organizations across the financial, retail, transportation and other high-growth sectors," said Peter Strom, President and CEO, March Networks. "We leveraged this experience in designing the VideoSphere solution to provide our customers with best-in-class functionality today and the flexibility they need to adopt new technologies at their own pace as part of a clear and long-term migration path."
March Networks will demonstrate VideoSphere in Booth 12094 at the ISC West International Security Conference and Exposition, April 2-4 at the Sands Expo and Convention Center in Las Vegas, and in Booth 2301 at Interop Las Vegas, April 27-May 2 at the Mandalay Bay Convention Center.
About March Networks March Networks(TM) (TSX:MN; AIM:MNW) 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.
(x)MARCH NETWORKS, VideoSphere and the MARCH NETWORKS and VideoSphere logos are 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