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.
David Ly, Iveda chairman and CEO
IvedaHome, a cloud-based home automation system, was on our roadmap for this year, but FPT Telecom's demand has accelerated this initial launch. FPT Telecom's target market is their millions of residential customers throughout Vietnam. Our global customers, the Telecoms and Data Centers, see our Sentir platform as their path to add product offerings and increase market share with minimal investment. There are several competitors in the home security and convenience market but aligning with these large service providers with millions of established customers creates a win-win scenario.
