LAS VEGAS, Jan. 6, 2016 /PRNewswire/ -- The Consumer Electronics Show -- Prodea Systems, the eminent solutions provider of the leading IoT (Internet of Things) services platform and Smartvue Corporation, the world's leading IoTV (Internet of Things Video) surveillance platform jointly announced today at CES that they have entered into a strategic partnership that will provide the two companies with new distribution channels, targeted customer acquisitions and broader market share. Prodea's international market penetration and Smartvue's domestic market share will provide a unique competitive edge and significant business opportunities for both companies.
By combining their state of the art services, the partnership enables Prodea and Smartvue to deliver differentiated customer value for service providers, businesses, governments and the IoT ecosystem, speeding new IoT business models in both enterprise and consumer global markets. Prodea and Smartvue will deliver new value by offering their customers a seamless, intuitive and elegant end-to-end IoT platform and services portfolio.
"With the speed the IoT market is moving, successful companies must build the right strategic partnerships to accelerate innovation, market growth, and customer value," said Andrew Tauhert, Executive Vice President of Marketing and Business Development at Prodea. "Prodea has built a true IoT platform and we only integrate with the best the market has to offer. From a strategic partner perspective, Smartvue was the obvious choice. They have revolutionized the traditional model of residential and enterprise surveillance and currently provide the 24X7 IoT video platform for customers such as Time Warner Cable and Cox Communications. While we both serve similar industries and share similar track records of innovation, our partnership provides an opportunity for new strategic customer acquisitions and expansion of our market reach into the US residential and enterprise markets - which is in line with our strategic growth and revenue objectives."
In a digital world driven by mobility, connectivity and cloud technology, successful IoT services will require partnerships between the biggest disruptors in the industry to drive growth, speed innovation and transform the nascent IoT market with clear and tangible solutions that customers are demanding. The Prodea Smartvue partnership brings together two innovative and experienced IoT pioneers with a combined portfolio of 60 patents, dozens of awards, and proven technology platforms contracted to millions of subscribers to date and currently storing hundreds of thousands of hours of video every day and managing over 100 million hours of video every year.
"Prodea has proven itself to be the international leader in IoT with a track record of innovation and a commitment to making connected life technology elegantly simple and cost effective," said Martin Renkis, Founder and CEO of Smartvue Corporation. "Our mission at Smartvue is to make the world a safer place and this partnership will expand our global footprint to over 75 million people in India plus millions more in the quickly emerging EMEA markets and in Mexico. Our goal with Prodea is to tighten the integration between video, security, and the connected life. This partnership will generate unique new value for our customers and demonstrable innovation for the entire IoT industry. We are privileged to partner with Prodea, offer their solutions to our customers, and make the connected world a safer place."
Prodea and Smartvue at CES:
Prodea and Smartvue will be demonstrating their core IoT platform with the newly integrated Smartvue IoTV technology across multiple screens and devices at their Smart Suite at CES from January 6th to January 9th 2016. Additionally, Prodea will be showcasing their comprehensive service and device management capabilities via live access to their Service Operations Center along with several exciting new innovations, including:
- Cloud based Live TV OTT platform
- New multi-service IoT user experiences
- Voice control capabilities
- Geo-fencing applications
- Universal search and multi-service dashboard
To book a demo at CES please contact Andrew Tauhert, EVP of Business Development (andrew.tauhert@prodea.com) or at +1-214-278-1876.
About Prodea
Prodea delivers products and services that empower people to easily command their connected lives. Prodea was the first company to make a seamlessly connected life possible and deliver on the promise of the connected home, for everyone, with mass-market services that matter. The Prodea Residential Operating System (ROS®) is a unified platform for the Internet of Things that enables diverse Service Providers worldwide to rapidly and cost-effectively deliver autonomous, agnostic and easy-to-use connectivity and services between people, data and devices.
ROS® is a managed service delivery platform that creates a new world where services, devices, and data can interact seamlessly. Prodea's software and service platform's current deployments span Africa, Europe, Latin America, the Middle East, Southeast Asia and the United States.
Headquartered in Richardson, Texas, Prodea maintains additional offices in New York; Los Angeles; Mumbai; London; and Dubai. For more information about Prodea Systems, please visit: www.prodea.com.
About Smartvue:
Smartvue makes the world a safer place with amazing surveillance technologies that are elegantly simple and cost effective. The company leads the industry with innovative IoTV (Internet of Things Video) platforms and cloud surveillance services that store hundreds of thousands of hours of video every day and manage over a hundred million hours of video a year. The company provides solutions to some of the largest MSOs and ISPs in the world such as Time Warner Cable and Cox Communications. The Smartvue IoTV platform was designed to support IoT devices that require video capture, transport, storage, management, security and distribution in a simple and elegant interface, cost effectively delivered to almost any device globally. The company is the leader in IoT video innovation with more than 35 patents, the most awards in its industry, and recent recognition by CRN as a "Top 50" IoT company. Smartvue Corporation is headquartered in Nashville, TN, USA. Learn more at www.smartvue.com.
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SOURCE Prodea Systems, Inc.
