March Networks, Telepac in digital video solutions for Brazilian banking

March Networks, a leading provider of IP-based video surveillance solutions, has signed a strategic partnership with Telepac Telecomunicacoes e Portas Automaticas Ltda. to provide integrated digital video systems and software to financial institutions throughout Brazil.

Telepac is an electronic security systems provider with operations in Brazil and other locations worldwide. The company holds an estimated 30% share of the Brazilian banking security market, working with customers such as Caixa Econômica Federal, Banco do Brasil and HSBC. It will sell the solution under the Hisco brand in the country.

The March Networks solution enables financial institutions and other organizations to address risk, combat fraud and improve operational performance. It includes intelligent video management software, video and data analysis applications, and sophisticated recording platforms that support both analog and IP cameras.

Peter Strom, President and CEO of Ottawa-based March Networks, said “The transition to electronic security systems is in its early stages in Brazil, where only 5% of banks have implemented electronic security systems. We are pleased to be working with Telepac and expect the Brazilian market to be a significant contributor to revenue growth in fiscal year 2008.”

The company’s software and IP-based hardware solutions allow businesses to increase operational efficiencies, address risk, and manage assets with an integrated set of video-based intelligence tools and business intelligence applications. The company serves the needs of leading financial institutions, retailers, transportation authorities, commercial/industrial organizations and government/homeland security agencies in approximately 50 countries.