“Our partnership with March Networks allows us to leverage their best-in-class video hardware and data applications to create more integrated and effective security environments for our retail customers,” said Dale Higganbotham, Vice President of Sales for SageNet. “Together, we’re crafting the loss-prevention solutions our clients need to effectively combat shoplifting, investigate fraud and reduce inventory shrinkage.”
Inventory shrinkage, generally defined as the loss of products between manufacture and point of sale, costs U.S. retailers more than $30 billion annually, according to various industry studies. Major sources of inventory shrinkage in retail include shoplifting, employee theft, vendor fraud and administrative error.
SageNet helps its retail customers develop policies, procedures and IP-based surveillance systems designed to manage risk, reduce losses and increase operational efficiencies. Through its partnership with March Networks, SageNet is able to offer superior video hardware platforms along with industry-leading video analytics, video management, business intelligence, data mining, and risk and performance management software applications.
“March Networks has a history of providing proven technologies and reliable products,” said Higganbotham. “SageNet is pleased to have a technology partner who can help us offer customized solutions that meet our retail customers’ unique surveillance and business management needs.”