March Networks Earns Company of the Year Honors From Ottawa Chamber of Commerce

March Networks won the award for outstanding business, thought leadership and innovation, among other deciding factors.

OTTAWA, Ontario, Canada – March Networks received Company of the Year honors from the Ottawa Chamber of Commerce’s annual Best Ottawa Business Awards. The provider of IP video surveillance software and systems won the award based on a combination of factors including outstanding business and thought leadership, excellence in innovation, giving back to the community and demonstrating sound business fundamentals, according to a news release.

“These awards seek to recognize the most successful and innovative Ottawa-based companies and business leaders driving economic growth and prosperity,” says Ian Faris, president and CEO, Ottawa Chamber of Commerce. “One of our region’s most established high-tech organizations, March Networks is a great success story and one we are very pleased to celebrate.”

March Networks says its early focus on software that video-enables critical business information – including ATM, teller and point-of-sale (POS) transaction data, RFID data and business analytics – has helped it gain the business of more than 500 financial institutions and 300 retail organizations worldwide. Approximately 33,000 buses, trains and subways are also equipped with the company’s ruggedized video surveillance solutions for transit environments.

March Networks reports increased year-over-year profitability by a compound annual growth rate (CAGR) of approximately 50% since fiscal 2013, and 10% global workforce growth in 2015. The company has also made it a priority to give back to its communities – both internationally and locally – through a variety of employee-driven fundraising activities and corporate donations to organizations including the Dunkin’ Donuts & Baskin-Robbins Community Foundation, the Walton Lea Partnership, the Kanata Food Cupboard, the Ruddy-Shenkman Hospice, and WaterAid Canada.

The company’s product innovations include Searchlight, an integrated software application that enables organizations to leverage video to track and analyze operations and customer service, and gather additional business intelligence. Other recent product releases include the MegaPX ATM camera, said to be the world’s first self-contained high dynamic range surveillance camera designed specifically for banking ATMs, and March Networks GURU, an industry-first smartphone application that enables technicians to speed video installations, wirelessly provision recorders and audit configuration security using their smartphone or tablet.

“Winning Company of the Year is a real honor for us, and one that recognizes the contribution of all of our employees,” says Peter Strom, president and CEO, March Networks. “We have a smart and innovative team here at March Networks, focused on delivering best-in-class software solutions to some of the world’s largest organizations. This award is a great way to celebrate our successes this year and look to even greater achievements in 2017.”

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