April 23, 2010 (FinancialWire) — March Networks (TSX: MN), a provider of IP video solutions, said that a large financial institution will deploy the firm’s VideoSphere Banking solution across more than 2,000 U.S. banking locations.

The company said it expects to complete the delivery of the order, which is valued at over $7 million, during the next 12 months.

According to March, the VideoSphere portfolio delivers a scalable, end-to-end HD video security solution that provides security staff with an intuitive way to manage cases and accelerate investigations. The solution is designed to reduce losses from ATM skimming and other fraudulent activity.

Canada-based March Networks offers IP video solutions to commercial and government organizations looking to transition from traditional CCTV to networked video surveillance used for advanced security, loss prevention and risk mitigation.

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