Lithuanian firm to watch over Iranian ATMs

  • 2005-11-23
  • From wire reports
VILNIUS - A little known IT company, Penki Kontinentai (Five Continents), announced last week that it would sell 1,400 video surveillance systems for Iranian automatic teller machines.

Informatic Services Corporation, a subsidiary of Iran's National Informatics Corporation, will buy the surveillance systems . "The company presented its offer in a tender announced by a local bank, and the Iranians decided that our proposal was the best," project manager Karolis Macionis told Agence France Presse.

For Five Continents, the deal continues its string of success in Asia. Three months ago a Thailand firm, Data Control, signed a deal for 673 video surveillance systems for ATMs, and in the past it has supplied systems to India, Sri Lanka, Kazakhstan and Azerbaijan. European clients include Serbia and Bulgaria.

But the deal with Iran is a landmark. "This will be a record deal for us," Macionis said, declining to divulge the size of the deal.

In 2002, ATMIA, the association of united ATM users, recognized Five Continents' software for ATM surveillance as the "best ATM security solution." The software tracks operations, takes pictures of ATM users and allows for the auditing of suspicious transactions.