3VR ANNOUNCES INTEGRATION WITH MICROS-RETAIL XBR LOSS PREVENTION SOFTWARE

New Integration with 3VR Intelligent Video Surveillance Makes Exception Based Reporting Data Immediately Actionable for Retailers

San Francisco, CA – December 8, 2009 – 3VR Security Inc., the leader in intelligent surveillance and search, today announced new integration with MICROS-Retail XBR Loss Prevention exception-based reporting software. Built with 3VR’s open, standards-based APIs, the solution enables retailers to link their XBR Loss Prevention and Store Analytics software with 3VR’s SmartRecorder platform to instantly view and search surveillance footage associated with suspicious activities such as repeated low value transactions, no-sales, questionable returns, and more.  

The solution is already being leveraged by Redner’s Markets Inc., an East Coast retail chain with 38 Warehouse Markets and 13 Quick Shoppe convenience outlets throughout Eastern Pennsylvania, Maryland and Delaware. Redner’s is at the forefront of a rapidly growing number of retailers that are realizing the powerful benefits of deploying intelligent surveillance solutions to help them address growing threats from organized retail crime (ORC), returns desk fraud, and internal theft. By taking advantage of this solution, retailers are able to efficiently achieve a much more comprehensive view of loss within their organizations and thus strengthen prevention methods more effectively. See today’s announcement about Redner’s Markets’ use of 3VR for more details.

3VR offers a complete intelligent video system for retailers. It combines video search, analytics including facial recognition, and a set of standards based APIs for connecting to point of sale, exception based reporting, and other retail systems in a surveillance solution that prevents loss and theft, both internally and externally. The integration of 3VR and MICROS-Retail’s XBR makes it possible for business owners and security personnel to easily link video clips with trends surfaced by XBR. This combined solution saves retailers the costly and time consuming step of further investigating trends to determine if fraudulent activity is taking place. Redner’s markets estimates that 3VR has allowed them to cut investigation times in half.   

“Integrating 3VR with our exception based reporting  system, has enabled us to make better decisions, faster,” said Cory Deily, Director of Security and Loss Prevention, Redner’s Markets, Inc. “We can instantly see the video associated with what the reports are telling us which makes the data more valuable and immediately actionable. Using these systems together has cut our research and investigation time by half.”

MICROS-Retail XBR Loss Prevention is an exception-based reporting loss prevention solution that lets retailers quickly and easily identify, track and respond to any store event –from the highest sale by an associate to a potentially fraudulent customer return. XBR identifies trends associated with key performance indicators and automatically sends alerts to designated personnel.

“The time it takes for security personnel to find the video they need can mean the difference between loss prevention and a long investigation,” said Al Shipp, CEO, 3VR. “Our integration with MICROS-Retail’s XBR technology is a powerful solution for retailers that will make it faster and easier than ever for them to identify and prevent loss and fraud.”

About 3VR
3VR Security, Inc. is the global leader in Intelligent Surveillance and Search (ISS) – a faster, more reliable, and less expensive way to fight crime, ensure people’s safety and improve business efficiency. With 250 billion hours of video captured every year in the U.S., the award-winning 3VR Intelligent Surveillance Platform makes it possible to efficiently mine and manage it. 3VR is the security standard for hundreds of global customers, including leading banks, retailers, governments and law enforcement agencies. Based in San Francisco, CA, the company is privately held with funding from Kleiner Perkins Caulfield & Buyers, VantagePoint Ventures, In-Q-Tel and DAG Ventures. 3VR’s SmartRecorder is the three-time winner of the SIA Best New Video Product Award and was named Security Product of the Year from Frost & Sullivan in 2006 and 2007, among other awards. For more information, please visit www.3vr.com.