OTTAWA, April 20 - March Networks(TM) (TSX:MN; AIM:MNW), a leading provider of IP-based video surveillance solutions, announced today that one of the largest retailers in the United States has selected March Networks Professional Retail Services for approximately 1,200 of its stores.
The consulting and software maintenance services will enable the retailer to extract maximum value from March Networks business intelligence software already in use in the stores to reduce shrink, decrease in-store risk and improve overall store performance.
The services include implementation management, shrink assessment, store audits, and transaction profiling customization. They also include upgrading the web-based data mining software to ensure that the retailer benefits from the newest application features and capabilities.
Progressive retailers use March Networks advanced video management and data analysis solutions to combat inventory shrinkage, which costs retailers $37 billion annually in the U.S. alone. Video surveillance and Point-of-Sale (POS) transaction data monitoring are the two most widely used shrink management technologies, according to a 2006 security and loss prevention study.
"Businesses today require comprehensive visual and business intelligence solutions that go well beyond high performance technology," said Peter Strom, President and CEO of March Networks. "This is further proof that our unique ability to deliver a complete loss prevention solution through the combination of innovative software and professional services continues to lead the industry."
About March Networks
March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of innovative video and data applications used for security surveillance, monitoring, analysis and business optimization. The company's software and IP-based hardware solutions allow businesses to increase operational efficiencies, address risk, and manage assets with an integrated set of video-based intelligence tools and business intelligence applications. The ISO 9001:2000 certified company serves the needs of leading financial institutions, retailers, transportation authorities, commercial/industrial organizations and government/homeland security agencies in approximately 50 countries throughout the world. For more information, please visit www.marchnetworks.com
Source: MARCH NETWORKS CORPORATION
March Networks Corporation,