March Networks, a provider of intelligent network video and business analysis applications, announced one of Europe's largest financial institutions selected the company's VideoSphere open-platform VMS software and more than 2,000 CamPX and MegaPX network cameras for advanced security and monitoring across retail banking branches.
The deal, worth US$1.38 million, follows previous deployments of March Networks hybrid recording platforms in several hundred of the bank's retail branches. It includes powerful VideoSphere enterprise service manager software, which will be installed in the bank's security command center to enable extensive remote management and resource optimization capabilities.
In addition, the financial institution will use VideoSphere intelligent video analytics to immediately detect and monitor unusual activity, such as a person loitering in an ATM vestibule or entering a secure area without authorization. The HD MegaPX network cameras, complete with SDHC cards, will provide local storage and enhanced redundancy.
With thousands of retail banking branches located throughout much of Central and Eastern Europe, the financial institution selected the VideoSphere solution for its exceptional performance and scalability — features that are crucial to the effective management of multiple security applications across the highly distributed organization.