March Networks #1 Provider of Banking Video Surveillance in the Americas

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Aug 15, 2011, 08:30 ET

OTTAWA, Aug. 15, 2011 /PRNewswire/ - March Networks^® (TSX: MN), a global provider of intelligent IP video solutions, announced that it is the #1 supplier of video surveillance equipment in the Americas banking market as ranked by IMS Research in its report "Vertical Insights: Video Surveillance and Security in Banking and Finance - 2011 Edition".

More than 450 banks and credit unions currently use March Networks Financial Solutions globally, including six of the top 10 U.S. banks, five of the seven largest banks in Mexico, the majority of Canada's top five financial institutions, and leading banks across Europe, the Middle East and Asia Pacific. The solutions provide centralized video surveillance and fraud defense across an organization's entire operation, from retail banking branches, ATM lobbies and parking lots, to corporate offices, vaults, cash counting areas and data centers.

"We are very proud of our top market share ranking and continue to see strong growth opportunities on a global basis in this very important category. Losses from fraudulent activities, such as ATM skimming and cash harvesting, are a global problem and are estimated to cost banks more than $1 billion in annual losses. With this growing threat, banks are increasingly turning to March Networks to help them protect their bottom line," said Peter Strom, President and Chief Executive Officer, March Networks.

One of March Networks' top-tiered U.S. financial customers, for example, said it had tripled its annual fraud recovery target and saved millions of dollars in profits after deploying the company's Financial Transaction Investigation (FTI) software and hybrid video surveillance system. In addition to FTI, March Networks' Financial Solutions include Searchlight Skimming Detection and advanced case management software that enables banks to conduct investigations quickly, lower costs per investigation, and build stronger case evidence to support successful prosecutions.

The portfolio also includes powerful video management software, high-definition IP cameras, and industry-leading hybrid network video recorders (NVRs) that protect customers' existing investments in analog CCTV infrastructure while supporting a cost-effective migration path to all-IP video.

This is the second time in as many months that March Networks has been recognized for its leading position in the Americas marketplace. The company was also ranked the #1 provider of enterprise DVRs in the Americas by IMS Research in its report "The Americas Market for CCTV and Video Surveillance Equipment - 2011 Edition".

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.

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