Wall Street Transcript Interview with David Ly, Founder, Chairman, President and CEO of Iveda Solutions (IVDA)
67 WALL STREET, New York - October 11, 2013 - The Wall Street Transcript has just published its Internet Services Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Data Hosting Centers - Cloud Computing Secular Trends - Colocation, Managed Hosting and Cloud Computing - Increased Mobile Content Traffic - Chinese Online Monetization Trends - Internet Infrastructure Build - Enterprise Adoption of Cloud Computing
Companies include: Iveda Solutions (IVDA) and many more.
In the following excerpt from the Internet Services Report, the Founder, Chairman, President and CEO of Iveda Solutions (IVDA) discusses company strategy and the outlook for this vital industry:
TWST: What do you see as the most important developments for this company over recent months?
Mr. Ly: That's a good question. I believe the most important recent development I would have to point out is our ability to scale. Anytime you have a service delivery model with users or activations that require such services, the company has to have the ability, within its platform, to scale. What I mean by that is our recent ability to really hit the mass market instead of the traditional approach of project-based sales.
Iveda Solutions' business model allows us to distribute goods, meaning devices and technology, that are bundled to our hosted services, so that whether you are a single customer needing a single unit or a system or you are an enterprise that needs that single unit or system, but in over 2,000 different locations around the country we are able to deploy and implement such services on your behalf simultaneously and very efficiently. The recent past months has allowed us to launch such products and services due to the ability of our company's scaling of service. The robustness of our infrastructure has also matured over time through very sound alliance relationships globally.
TWST: VSaaS and Iveda. Where do you see the company fitting in as far as leadership and innovation in the space?
Mr. Ly: In the VSaaS space, that's fairly new, when that term was coined. The video surveillance industry has traditionally and to date been a box-based industry. I want to clearly define that. What I mean by "box" is that consumers like you and I, personal or business, have always acquired technology based on a device. When speaking of video, you are buying either a camera or you are buying a DVR, NVR or other recording mechanisms, although back in the day of CCTV it was a VCR and VHS tape.
So what Iveda has done is live up to the "as a service" aspect of this whole industry. There are a lot who claim "as a service," but the obligation to the end user has not changed. Where Iveda Solutions see ourselves is truly innovative, not just in technology, but in the true business approach; we hold true to the service delivery behind such claims. So from a leadership perspective, I think we are very well-poised to be the leader of the video surveillance as a service space, and again, I want to reiterate...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
