OTTAWA, ONTARIO, September 15, 2008 –– March Networks® (TSX:MN), a leading provider of intelligent IP video and business analysis applications, today launched VideoSphere™ Hosted Business Intelligence (BI) Services for retail organizations. This software-as-a-service offering enables retail chains to benefit from advanced loss prevention and operations management tools while eliminating large, upfront capital investments and IT infrastructure costs.
Based on the Company’s VideoSphere Extreme Loss Prevention (LP) software suite, the subscription-based hosted solution provides retailers with powerful, point-of-sale (POS) exception reporting and operations analysis to reduce shrinkage and improve store performance. This solution is ideal for small to mid-sized retail chains seeking to maximize existing resources and larger organizations that want to expand LP and operations capabilities quickly and cost-effectively.
With VideoSphere Hosted BI Services, customers can access and customize their reports at any time using a secure, web-based dashboard, or receive reports regularly via email. Applications include a standard set of up to 40 policies designed to identify unusual transactions, detailed store performance reports, top product analysis, and transaction management capabilities. The solution has been designed to meet Payment Card Industry Data Security Standards (PCI-DSS) to protect the privacy and security of credit card data.
"Hosted business intelligence is an attractive option for many retail organizations that want enterprise-class functionality without major capital outlays or additional software for their IT staff to manage," said Peter Strom, President and CEO, March Networks. "We are pleased to meet this need in the marketplace with new, high performance services that are scalable, fully distributed and address the requirements of both large and small retail customers."
Hosted BI Services are the latest addition to March Networks’ existing portfolio of managed and professional services for retail organizations. The Company’s Managed Video Network Services provide remote health monitoring and maintenance of a customer’s entire video network to ensure optimum performance, while its Retail Professional Services range from installation and implementation to training and consulting services.
March Networks will demonstrate its VideoSphere Hosted BI Services in Booth 4034 at the ASIS International 2008 Annual Seminar and Exhibits, September 15-18 at the Georgia World Congress Center in Atlanta, GA.
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 and the MARCH NETWORKS logo are registered trademarks of March Networks Corporation. All other trademarks are the property of their respective owners.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Peter Wilenius
March Networks Corporation
+1 613-591-8181
pwilenius@marchnetworks.com