Human Recognition Systems (HRS) and 3VR Security Deliver Advanced Video Management to Combat Fraud in the UK

June 24, 2007 (PRLEAP.COM) Business News
London, UK—IMS Video Content Analysis Conference — June 24, 2007 — 3VR Security Inc., the leader of intelligent video management systems, and Human Recognition Systems (HRS), a leading UK-based biometric and identity management consulting, technology and systems integration company, today jointly announce a partnership whereby HRS will resell 3VR systems to banks, retail organizations and government entities in the UK. Additionally, the partners will jointly present advanced technologies and best practices for fighting bank fraud at the IMS Video Content Analysis Conference at the London Hilton Paddington Hotel on June 26th, 2007. The session, called “Solving Real World Banking Problems with VCA-What’s the Catch?”, will be hosted by 3VR’s CEO and co-founder, Stephen Russell, and Neil Norman, CEO and founder of HRS and takes place at 2:30 p.m.

The companies were selected to share their expertise in intelligent video with the audience of dozens of security professionals at the prestigious conference. Simon Harris, Research Director at IMS Research stated, "The management of video footage is being revolutionized by improvements in advanced search tools which can perform Google-like queries on captured data. Such developments have provided users with clear benefits in security that allow them to more efficiently and intelligently analyze captured events of interest. The market for software to analyse video content is forecast to be worth almost $600 million by 2010."

3VR is used in leading banks, retail organizations and by government agencies as a key component of an overall security strategy. 3VR uniquely combines advanced video management, video search and powerful face, motion and other analytics in 3VR intelligent video management systems. With 3VR, organizations can effectively reduce loss, improve efficiency and expedite investigations. The 3VR system is ideal for HRS’s customer base that is focused on fighting fraud and theft including banks, retail establishments, critical infrastructure, and airports.

Neil Norman of Human Recognition Systems commented, “We are committed to partnering with the best in the security business and are extremely pleased to work with 3VR. Fusing HRS’s market knowledge, best practice solution development and delivery approach with 3VR’s robust intelligent video management systems will allow us to effectively capture the emerging market for intelligent CCTV.”

3VR systems will be available through HRS in the UK effective immediately. “We are pleased to be working with one of the most impressive integrators in the UK,” said Steve Russell. “HRS brings real-world experience and best practices to the security challenge. 3VR brings the expertise in video management, search and analytics in the 3VR system. The combination is a win-win for customers.”

3VR Security, Inc, the pioneer of intelligent video management, provides the first video management system powered by a search engine with integrated video analytics. These innovations drive new value by lowering physical and operational costs while dramatically improving the effectiveness and efficiency of investigations for fraud, theft, and other crimes. Based in San Francisco, CA, the company is privately held with funding from Kleiner Perkins Caufield & Byers, Vantagepoint Ventures, In-Q-Tel, and DAG Ventures. 3VR is the three-time winner of the SIA best new video product, was named security product of the year from Frost & Sullivan 2006 among other awards. For more information http://www.3vr.com/.

Human Recognition Systems (HRS) is among the worlds leading Biometric and Identity Management consulting, Technology and Systems Integration Companies. Specializing in innovative, early-stage technologies, HRS focuses on delivering solutions for real world problems by identifying people and their behaviours - using an approach that gives equal consideration to people, policy and process whilst ensuring a deep understanding of the technology. HRS’s over-riding principle is to make the complicated simple. For more information, please visit http://www.hrsltd.com/.

IMS Conferences is a Division of IMS Research, a major supplier of market research and consultancy services to the global electronics industry. Information from IMS Research is used by major companies worldwide to access market trends, solve marketing problems, and improve the efficiency of their business. The Video Content Analysis Conference will be the premiere event for exploring the opportunities in this high growth sector of the security market and to learn how this cutting edge technology is revolutionizing the industry. For more information, please visit www.imsresearch.com.