Global, Top-20 Bank Selects VideoSphere Solution for Advanced Security in $1.5 Million Deal
OTTAWA - March Networks(R), a leading provider of intelligent IP video and business analysis applications, announced that one of Europe's largest financial institutions has selected the Company's VideoSphere(TM) open-platform Video Management System (VMS) software and more than 2,000 CamPX and MegaPX IP cameras for advanced security and monitoring across 150 retail banking branches.
The deal, worth approximately CAD $1.5 million, follows previous deployments of March Networks hybrid recording platforms in several hundred of the bank's retail branches. It also includes powerful VideoSphere Enterprise Service Manager software, which will be installed in the bank's security command center to enable extensive remote management and resource optimization capabilities.
In addition, the financial institution will use VideoSphere intelligent video analytics to immediately detect and monitor unusual activity, such as a person loitering in an ATM vestibule or entering a secure area without authorization. The high-definition MegaPX IP cameras, complete with SDHC cards, will provide local storage and enhanced redundancy.
With thousands of retail banking branches located throughout much of Central and Eastern Europe, the financial institution selected the VideoSphere solution for its exceptional performance and scalability - features that are crucial to the effective management of multiple security applications across the highly-distributed organization.
"Financial institutions worldwide are using our IP video solutions to effectively manage their high security and loss prevention standards across hundreds, or thousands, of corporate and retail banking sites," said Peter Strom, President and CEO, March Networks. "With more than a decade of experience providing advanced surveillance capabilities to the financial industry, and a strong portfolio of integrated IP video software and systems, we are well-positioned to address the unique needs of this market as it transitions strategically to all-IP video networking."