| March Networks recognised as one of the top 500 fastest-growing technology companies in North America |
March Networks placed 194th in the North American listing with sales of $94 million in fiscal 2008 compared to $12 million in fiscal 2004. It achieved a further milestone in its most recent 2009 fiscal year by surpassing $100 million in revenue.
The company continues to win market share in the rapidly growing market for IP video surveillance with an enterprise-class product portfolio that enables organisations to enhance security, combat theft and fraud, and address liability risks. In North America alone, its customers include three of the five largest U.S. financial institutions, eight of the top 100 American retailers, two of Canada's leading banks, and seven of 20 major transportation agencies serving metropolitan centers such as San Francisco and Toronto.
March Networks is headquartered in Ottawa, Ontario. It continues to expand its global presence with newly-opened offices in Dubai, United Arab Emirates and Sydney, Australia, in addition to continuing operations in the U.S., Europe and Latin America.
"The Fast 500 award reflects our company's success delivering innovative IP video management solutions to commercial and government organisations worldwide," said Peter Strom, President and CEO, March Networks. "We are pleased to be counted as one of North America's technology leaders and attribute this achievement to the outstanding work of our employees, as well as the strength of our technology and distribution partners."