CLOUDASTRUCTURE MOVES INTO CANADA

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Nov 29, 2022, 08:11 ET

LCM Solutions and Cloudastructure Partner on Cloud Video Surveillance & IoT Cyber Security Solutions

MIAMI, Nov. 29, 2022 /PRNewswire/ -- Canadian-based LCM Solutions and Cloudastructure, Inc. have signed a global collaboration agreement expanding cloud video surveillance and IoT cybersecurity to LCM's network. The partnership agreement is Cloudastructure's first foray into the Canadian & U.K. Markets.

With a focus on identifying, defining and integrating strategic technology and risk management solutions for their clients, LCM Solutions' recognition of Cloudastructure's cutting-edge, cloud-based security platform paves the way for the startup to assist LCM & its portfolio partners with their efforts to standardize security surveillance, prevent losses and improve core operating efficiencies.

LCM Solutions Partner Scott McFie commented, "At LCM, we are committed to trust, transparency and the accurate articulation of risk delivering improved risks and profitability for our partners. Cloudastructure's technology fits with our mission, aligning innovative risk resource technology partners. We are excited to support Cloudastructure to achieve market growth across multiple segments via our global network and reach within the insurance ecosystem."

The announcement comes on the heels of Cloudastructure sweeping the Homeland Security-based ASTOR Awards last week for their cloud-based Artificial Intelligence and Machine Learning (AI/ML) platform, including Best Video Management Solution, Best Cloud Computing, Best Analytics, and Best Video Surveillance.

The engineering of Cloudastructure's advanced software platform enables companies to simplify the identification of security and safety conditions, quickly notify clients of impending risks imposed by breaches, as well as the capacity to take action in real time. The goal is to significantly reduce clients' incidence and inherent risks, high damage costs yielding operational effectiveness and decreasing indemnity burdens and reducing property loss premiums and on-site security costs.

Cloudastructure CRO Lauren OBrien commented, "We are excited and proud to partner with LCM. Their reputation precedes them. We aim to bring incalculable value to their customers, saving them time and money by reducing losses and thereby lowering insurance premiums.

About Cloudastructure:

Headquartered in Miami, Florida, with R&D in Silicon Valley, California, Cloudastructure's 21st century award-winning security platform utilizes a scalable cloud-based architecture that features cloud video surveillance with proprietary, state-of-the-art AI/ML analytics, a seamless remote guarding solution, IoT cybersecurity, and smart parking. The combination enables enterprise businesses to achieve proactive, end-to-end security, and pairs that platform with an attractive value proposition that eschews proprietary hardware and offers contract-free, month-to-month pricing and unlimited 24/7 support. With Cloudastructure, companies can achieve unparalleled situational awareness in real time and thereby stop crime as it is happening, while simultaneously achieving up to a 75% lower Total Cost of Ownership than other systems. For more information, visit www.cloudastructure.com.

About LCM Solutions Inc.

LCM Solutions Inc. is a globally networked intermediary and consultant.

We stand for integrity, trust and transparency and represent over 100 years of hands on, C-Suite executive experience within the commercial; insurance, risk management, property finance, and development industries. Our team's core expertise is networking with C-Suite decision makers "connecting dots" to strategically align cultures, data and technologies to create collaborative partnerships within the corporate risk & insurance supply chain. We approach each opportunity strategically, analytically and holistically.

Through our strategic international collaborations, are able to accelerate change by forging a clear path through the world-wide risk management and insurance landscape.

SOURCE Cloudastructure, Inc