Pioneer in cloud video
hosting technology, Iveda announced that Bob Brilon has been recruited to the
role of president by its Board of Directors. Brilon will report directly to CEO
and Chairman David Ly. He will also continue on as the company’s treasurer and
chief financial officer (CFO).
“I appreciate the confidence
afforded me by the Board of Directors and Executive Management Team and look
forward to the execution of our recurring-revenue business model and increasing
shareholder value,” stated Brilon. “Our proprietary Cloud Video Hosting
platform, when coupled with plug-and-play camera capabilities, allows for easy
customer adoption through their established wireless and Internet data
providers. Iveda offers revenue-sharing relationships to data and
telecommunications providers, which encourages such providers to leverage their
customer bases through the addition of bundled cloud video hosting
capabilities.”
Brilon rejoined Iveda’s
executive team in December of 2013, after previously serving as a part-time CFO
from December of 2008 until August of 2010. During his earlier tenure, he was a
key player in Iveda becoming a fully reporting public company and subsequently
structuring the transaction that led to the acquisition of MEGAsys, the
company’s wholly-owned subsidiary in Taiwan.
“Bob’s proven talent and
previous experience at Iveda and numerous NASDAQ and American Stock Exchange
companies as CEO and/or CFO, made his appointment as president an easy decision
for the Board. We believe timing is everything, and having Bob help in the
fulfillment of various domestic and international business opportunities that
Iveda has nurtured over the last several months, while continuing to oversee
the Company’s financial systems, is a strategic move in the right direction,”
commented David Ly. “Bob’s experience in product and business development,
strategic alliances and supply chain vendor relationships is viewed as a
bonus.”
Before joining Iveda, Brilon
served as CFO and EVP of business development for Brain State Technologies, a
leading system for Brainwave Optimization®. His background also includes
serving as the CEO and CFO for InPlay Technologies, formerly Duraswitch, a
patent holder and global licensor of magnetic switches and manufacturer of
digital pen technology. Other roles held during Brilon’s career include CFO at
Go-Video from 1986 to 2003, a manufacturer of the first dual-deck VCR and as
CFO at MD Helicopters, corporate controller at Rental Service Corp.
Brilon obtained his CPA
certification and accumulated four years of audit and tax experience with top
firms such as McGladrey & Pullen, Ernst & Young and Deloitte &
Touche. Brilon earned a bachelor’s degree in Business Administration from the
University of Iowa.
To learn more, please visit
www.iveda.com
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