Cloud-based video surveillance firm, Iveda has signed a partnership with FPT Telecom, one of the three leading telecommunications service providers in Vietnam to provide its cloud-based smart home automation system solution, IvedaHome. Iveda enables cloud video surveillance by licensing its Sentir video and data management platform, utilizing proprietary video streaming and big data storage technology.
Iveda's IvedaHome platform enables consumer alerts, video access and remote control from their smartphone or tablet. IvedaHome wireless sensors and modules can include motion detection, door/window sensors, smoke detectors, sirens, video surveillance as well as controlling lights and appliances.
According to Iveda, the agreement represents a minimum of 10,000 devices and monthly Sentir licenses for cloud management within one year and it expects approximately US$2 million in revenue from IvedaHome hardware.