Global Retailer Standardizes on March Networks LP Software Across U.S. Retail Locations
OTTAWA, ONTARIO, January 8, 2008 –– March Networks™ (TSX:MN; AIM:MNW), a leading provider of intelligent IP video and business analysis applications, announced today that the retail arm of a global, consumer products organization is using the Company’s data analytics software in more than 150 U.S. retail stores for advanced loss prevention.
The organization, which operates nearly 500 retail locations worldwide, selected the March Networks LP Data Mining software suite to help reduce inventory shrinkage and improve overall store performance. Leading sources of inventory shrinkage include employee theft, shoplifting and cashier error, and cost U.S. retailers an estimated $42 billion each year.
The LP Data Mining solution includes fully customizable Point-of-Sale transaction profiling, user-friendly investigation and reporting tools, and digital video integration. It enables the organization’s loss prevention professionals to efficiently identify and confirm fraudulent activity and patterns of theft with features such as gift card and employee purchase/return tracking.
Following an extensive evaluation of vendor offerings, the retail organization selected the March Networks solution to replace existing, competitive software. The LP Data Mining suite delivered more advanced query and customization capabilities, as well as seamless integration with shipping and other business system data.
“Our sophisticated data mining and video management applications provide the operational intelligence organizations are seeking to reduce shrinkage and enhance business performance in a highly-competitive retail environment,” said Peter Strom, President and CEO, March Networks. “We are pleased to have been selected as the platform of choice by this global brand and look forward to expanding our presence in multiple retail spaces throughout 2008.”
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 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
(613) 591-8181
email: pwilenius@marchnetworks.com