- 78% increase in Q1 2014 year on year European sales
- Channel expansion key objective to support further European growth
- Target markets are banking, retail & transportation
March Networks®, a global provider of intelligent IP video solutions, announced its continued expansion in the European market with sales figures for Q1 2014 that are 78% year on year higher than 2013. Realising the huge potential of Europe to help increase its global sales and growth, March Networks is now focused on expanding its business in key verticals in this region such as banking, retail and transportation segments, as well as horizontal industries that will benefit from its IP video solutions.
Speaking about the company’s success in Europe, Stefano Torri, European Sales Director at March Networks, said; “Having established its market leadership in North America, March Networks now wants to do the same in Europe. We are making significant investments in our sales, marketing and customer support teams in the region to help drive this expansion, as well as significant investment in our Milan, Italy, R&D centre. With the success that we have seen so far this year, we are looking forward to the rest of 2014 and beyond to further grow our business in this key market.”
March Networks’ IP video monitoring solutions are deployed by more than 450 banks globally, covering over 26, 000 bank branch offices. In addition, its monitoring systems cover over 500 million miles of transportation links and infrastructure, served by March Networks’ mobile monitoring solution with coverage in more than 50 countries all over the world. With this huge market footprint, March Networks aims to become the key point of reference for European CEOs, Security and IT managers when it comes to IP video surveillance solutions. Its short term objectives are to increase its visibility and market share in European vertical markets and to revamp its regional Partner Program by expanding its channel partnerships in key markets and verticals.
“Our Enterprise class video solutions have already been proven by customer experience in other markets such as North America and Asia,” continued Stefano Torri. “These are now being rolled-out across Europe and many businesses are seeing the benefits these can bring, especially in commercial and industrial multi-site applications where our enterprise class deployments can bring real results and benefits.”