OTTAWA, ONTARIO, January 31, 2012 –– March Networks® (TSX: MN), a global provider of intelligent IP video solutions, today announced that Woolworths Limited – an Australian company with extensive retail interests throughout Australia and New Zealand – is deploying new Visual Intelligence software across thousands of existing March Networks video recording systems in a phased upgrade program. The software delivers enhanced live monitoring and searching capabilities that make it even easier for the retailer to centrally manage surveillance video used for security and loss prevention in more than 1,300 remote locations.
OTTAWA, ONTARIO, January 24, 2012 –– March Networks® (TSX: MN), a global provider of intelligent IP video solutions, announced today that it has partnered with the Ottawa Senators to provide its next-generation video surveillance platform to enhance security and operations at Scotiabank Place – a world-class sports and entertainment facility and home to the National Hockey League (NHL) team. This week, the Ottawa Senators and Scotiabank Place will play host to the NHL All-Star Game.
OTTAWA, ONTARIO, January 18, 2012 –– March Networks® (TSX: MN), a global provider of intelligent IP video solutions, announced today that a major retail customer has selected its retail solution to replace analog-based CCTV technology in select U.S. stores. The order expands the customer’s existing March Networks digital video network, which currently includes more than 30,000 recording systems and software and is thought to be one of the largest video surveillance installations worldwide. March Networks will complete delivery of the solution, valued at $1 million, by January 31, 2012.
OTTAWA, ONTARIO, January 10, 2012 –– March Networks® (TSX: MN), a global provider of intelligent IP video solutions, today announced the integration of its award-winning Command™ video management platform with the Software House C•CURE 9000 Security and Event Management System. The integration provides customers worldwide with a single, centralized solution that enables faster incident response, improved risk management and more efficient security operations through the seamless interoperability of video surveillance and access control.
OTTAWA, ONTARIO, January 9, 2012 –– March Networks® (TSX: MN), a global provider of intelligent IP video solutions, today announced that Fifth Third Bancorp has initiated an upgrade program of its existing March Networks’ video surveillance systems across more than 1,300 full-service retail banking branches, data centers, corporate offices, and operations and cash handling facilities. One of the top 15 banks in the U.S., Fifth Third Bank has already started deploying 12,000 new March Networks IP and analog cameras, and will upgrade to new 4332 C Hybrid Network Video Recorders (NVRs) nationwide. The bank is also piloting the March Networks Searchlight portfolio of intelligent data analytics to proactively detect and reduce losses from fraud at ATMs and teller lines.
OTTAWA, ONTARIO, December 22, 2011 –– March Networks® (TSX: MN), a global provider of intelligent IP video solutions, today announced it has received orders totaling more than $2 million from a financial institution ranked among the top 15 largest in North America. The orders extend the bank’s current March Networks installation to more than 1,000 retail banking branches and include hybrid 4000 C Series NVRs and Visual Intelligence software.
OTTAWA, Ontario, December 9, 2011 –– March Networks® (TSX:MN), a global provider of intelligent IP video solutions, today announced that it has entered into a definitive agreement (the "Arrangement Agreement") with Infinova (Canada) Ltd. ("Infinova") and Shenzhen Infinova Ltd. ("Shenzhen Infinova"), a company listed on the Shenzhen Stock Exchange (SHE:002528), majority owned by U.S. shareholders and with U.S. headquarters in Monmouth Junction, N.J. Pursuant to the Arrangement Agreement, Infinova will acquire, through a statutory plan of arrangement, all of the issued and outstanding common shares of March Networks Corporation (the "Company" or "March Networks") for C$5.00 per share in cash (the "Arrangement"). The total value of the transaction is approximately C$90.1 million. The Arrangement is subject to approvals by the shareholders of March Networks and Shenzhen Infinova, approvals of applicable regulatory bodies and the Ontario court, and other customary closing conditions.
OTTAWA, Ontario, December 9, 2011 –– March Networks® (TSX:MN), a global provider of intelligent IP video solutions, today announced financial results for the fiscal quarter and six months ended October 31, 2011. All figures are in US dollars and in accordance with International Financial Reporting Standards ("IFRS") unless otherwise specified.
OTTAWA, ONTARIO, November 29, 2011 –– March Networks® (TSX:MN), a global provider of intelligent IP video solutions, announced today that it will release its second quarter fiscal year 2012 financial results on Thursday, December 8, 2011 following the market close.
OTTAWA, ONTARIO, November 8, 2011 –– March Networks® (TSX: MN), a global provider of intelligent IP video solutions, announced that today it received orders totaling $16 million from an existing retail customer for hybrid network video recorders (NVRs) and associated extended warranty. The retailer selected the 4000 C Series NVRs as part of an ongoing NVR and software upgrade program in its U.S. stores and membership warehouses. The Company expects to ship all of the units and recognize approximately $14 million in revenue from these orders in its third fiscal quarter, which ends on January 31, 2012. These orders support the Company’s growth outlook for the second half of fiscal 2012 as set out in our financial update release of today’s date.
Company Agrees to beAcquired by Infinova
Combined companies will createtop 10 global player in videosurveillance industry.
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