Mesa-based Iveda will provide cloud-based video surveillance for the new Taipei Dome, Taiwan's largest arena.
On a bustling island across the Pacific Ocean, construction races forward on a massive new stadium in the heart of Taiwan's biggest city. The 40,000-seat Taipei Dome will be the nation's largest arena, designed to host baseball games and other major events.
Part of a $500 million complex with shops, a hotel and a baseball museum, the international project includes more than 1,000 architects, designers and engineers from Taiwan, Australia, Hong Kong, Japan, the U.K. and U.S., according to Taiwan Today.
That global effort also extends right into Mesa's Fiesta District, where a locally-based technology company recently landed a $1.8 million contract to help protect Taipei's newest landmark by building a private video surveillance cloud for the stadium.
Iveda maintains its corporate headquarters at the Mesa Financial Plaza at Alma School Road and Southern Avenue and also operates a subsidiary in Taiwan. The company's customers include private companies and government agencies in the United States, Mexico and Asia.
Under its new contract with Chunghwa Telecom, Iveda will centralize video management and storage for all the cameras in the Taipei Dome using a cloud-based application. Iveda expects to wrap up the work by next October.
The company has about 50 employees and is traded publicly on an over-the-counter stock market, with a stock price of $1.15 as of Nov. 25. Iveda reported about $3.3 million in revenue in 2013, according to SEC filings.
Iveda has big plans for the coming year, with a new licensing business model and plans to hire additional employees, spokeswoman Luz Berg told The Republic. Current positions within the company include developers, IT personnel and sales, marketing and administrative staff, she said.
Iveda acquired its Taiwanese subsidiary, Megasys, in 2011 and has made recent gains in establishing its business in Asia.
In September, the company landed a $1.4 million contract to update communications, alarm and surveillance systems at the Taiwan Stock Exchange. Iveda won a half-million-dollar contract to upgrade the surveillance system at Taiwan's largest international airport.
The company's technology has also made it into one of Japan's largest data centers, where customers can record, monitor and store video footage from any Internet-connected camera in the world.