March Networks Expands in Southeast Asia with Strategic Partnership
PR Newswire
OTTAWA, June 29, 2011
OTTAWA, June 29, 2011 /PRNewswire/ - March Networks® MN, a global provider of intelligent IP video solutions, today announced a strategic partnership with Milcon Gulf Group to aggressively address growing demand for video surveillance solutions in Southeast Asia and select countries in the Middle East. The partnership marries March Networks' strengths providing scalable, high-performance systems to leading financial institutions, government organizations and remote critical infrastructure operators worldwide with Milcon Gulf's proven success in large-scale infrastructure installations in those regions.
Milcon Gulf Group is a privately-held conglomerate focused on international projects in high-growth sectors including banking and finance, government, aerospace, energy and telecommunications. The organization's long-standing relationships with leading systems integrators, as well as key government and business decision-makers, make it an ideal expansion partner in Southeast Asia, where the video surveillance equipment market is expected to be worth more than $600 million by 2015, according to IMS Research. In addition, its established operations augment March Networks' existing business activities in the Middle East, where demand for video surveillance is also on the rise.
"We are pleased to be working with March Networks, given their proven ability to provide highly-reliable IP video solutions that can be centrally managed and scale to support large, multi-site deployments," said Safdar Quraeshi, CEO, Milcon Gulf. "Our customers are looking for high-performance, but also innovation and intelligent applications that make it easier for them to secure their assets and operate more efficiently. March Networks meets all of those requirements, and we anticipate aggressive growth leading with their solutions over the next six to twelve months."
"Expansion into Southeast Asia is an important element of our growth strategy," said Peter Strom, President and CEO, March Networks. "Milcon Gulf has well-established relationships throughout the region and will be instrumental in opening up opportunities in the banking and commercial sectors."
About Milcon Gulf Group
The Milcon Gulf Group, through its subsidiaries and projects in the Asia
Pacific Region, the Middle East and North America, is recognized as
world class group dedicated to providing international solutions that
successfully meet the challenges presented by today's increasingly
competitive global business environment. Through its continued
commitment to innovative strategies for developing the business
opportunities of today and beyond, Milcon Gulf Group expects to play an
increasingly important role in major business projects worldwide. The
Milcon Gulf Regional Office for Asia Pacific is situated in the
Republic of the Philippines and is fully accredited by the Securities
and Exchange Commission (SEC) and the Board of Investments (BOI) as a
Regional Office of a major multinational company. It is a member of the
Philippine Association of Multinational Companies Regional Headquarters
Inc. (PAMURI), the business association representing the major
multinational companies operating in the Asia Pacific Region. PAMURI
represents companies from 31 nations, including leading international
banks and fortune 500 companies.
About March Networks
March Networks® MN is a leading provider of intelligent IP video solutions. For
more than a decade, the company has helped some of the world's largest
commercial and government organizations transition from traditional
CCTV to advanced surveillance technologies used for security, loss
prevention, risk mitigation and operational efficiency. Its highly
scalable and easy to use Command™ video management platform incorporates a web-based client interface to
enable rapid system deployment and complete system control. It is
complemented by the company's portfolio of high-definition IP cameras,
encoders, video analytics and hybrid recorders, as well as outstanding
professional and managed services. March Networks systems are delivered
through an extensive distribution and partner network in more than 50
countries. For more information, please visit www.marchnetworks.com.
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, March Networks Command and the MARCH NETWORKS logo are trademarks of March Networks Corporation. All other trademarks are the property of their respective owners.
SOURCE MARCH NETWORKS CORPORATION
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