Iveda Solutions, Inc. (OTCQB:IVDA) enables cloud video surveillance via its Sentir™ Software as a Service (SaaS) video management platform, utilizing proprietary video streaming and Big Data storage technology. Iveda enables a recurring revenue model by licensing Sentir to organizations for plug-and-play cloud video offering to their customers. Iveda has a SAFETY Act Designation from the Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider. Iveda is headquartered in Mesa, Arizona with a subsidiary in Taiwan. SNNLive spoke with David Ly, Chairman and CEO of Iveda Solutions, Inc. at the Aegis Capital Healthcare & Technology Conference 2014 in Las Vegas, NV.
Mr. Ly begins with an overview of the company, “Iveda is a cloud video surveillance company. We enable cloud video surveillance for home, small business, enterprise and government.” He explains the idea in further detail, “If you take traditional video surveillance and all the needs in usage and application for it, we have taken all the box-base concept out of the equation. So now anyone anywhere can pop a camera up, automatically configure it and utilize video surveillance without the complications of the past.”
When asked how Iveda would deploy their assets, he answered, “Most of our efforts will be making sure that our partners enable properly and that they have all the tools they need to go out to their customers”. He continues, “[Iveda’s] basic revenue streams are the hardware sales themselves, but what’s more exciting is a cumulative recurring revenue from each device – it’s a subscription based service.” For more information, check out their website at www.iveda.com
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