March Networks - #1 Enterprise DVR Supplier in the Americas
OTTAWA, July 18, 2011 /PRNewswire/ - March Networks® (TSX: MN), a global provider of intelligent IP video solutions, today announced it is the #1 provider of enterprise digital video recorders (DVRs) in the Americas according to data from IMS Research in its report "The Americas Market for CCTV and Video Surveillance Equipment - 2011 Edition".
"This IMS ranking underscores our momentum in the market and highlights how we have been able to gain market share while delivering record revenue in both our recent fourth quarter and fiscal year," said Peter Strom, President and Chief Executive Officer, March Networks. "Our market leadership is a result of consistently delivering on the needs of our global customers. The March Networks line of hybrid NVRs offers unparalleled video management software, exceptional reliability, and the scalability and centralized management enterprises require."
"IMS Research forecast that the total market for video surveillance equipment in the Americas will grow to almost $5.5 billion in 2015, with many large enterprise organizations transitioning to IP video systems in that period," said Gary Wong, the IMS Research analyst leading the report. "The hybrid DVR market is anticipated to grow in-excess of 30 percent per year over the next five years, and these systems provide a solution for customers who have analog cameras today and intend to move to IP in the future.��
March Networks solutions are used by more than 400 financial institutions and support one of the world's largest video surveillance installations. In addition to the company's industry-leading hybrid DVRs, its comprehensive portfolio includes web-based March Networks Command™ video management software, high-definition IP cameras, encoders and a portfolio of advanced video analytics.
With a global installed base that today exceeds one million channels of video, the company continues to expand across geographies. Most recently, it announced a partnership with Milcon Gulf Group to increase business in Southeast Asia, as well as a distribution agreement with ScanSource Security to provide security dealers across North America with its products.
About March Networks
March Networks® (TSX:MN) is a leading provider of intelligent IP video solutions. For more than a decade, the company has helped some of the world's largest commercial and government organizations transition from traditional CCTV to advanced surveillance technologies used for security, loss prevention, risk mitigation and operational efficiency. Its highly scalable and easy to use Command™ video management platform incorporates a web-based client interface to enable rapid system deployment and complete system control. It is complemented by the company's portfolio of high-definition IP cameras, encoders, video analytics and hybrid recorders, as well as outstanding professional and managed services. March Networks systems are delivered through an extensive distribution and partner network in more than 50 countries. For more information, please visit www.marchnetworks.com.
About IMS Research
IMS Research is a supplier of market research and consultancy services on a wide range of global electronics markets. The company is headquartered in Wellingborough, UK and has offices in Austin, Texas, Shanghai, China, Seoul, South Korea, Taipei, Taiwan and Tokyo, Japan. IMS Research regularly publishes detailed research on video surveillance markets, among others. www.imsresearch.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, March Networks Command and the MARCH NETWORKS logo are trademarks of March Networks Corporation. All other trademarks are the property of their respective owners.
SOURCE MARCH NETWORKS CORPORATION
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