Qualcomm And Verizon Wireless Form JV, nPhase

The new joint venture between Verizon Wireless and Qualcomm Incorporated has formally became an operational company on 20 August 2009. The joint venture draws the nPhase name from the original Chicago-based machine-to-machine (M2M) pioneer launched in 2003 as a start-up focused on providing customized M2M communications solutions to meet the unique needs of OEM clients.

The new nPhase will be led by original founder and CEO Steve Pazol, who will serve as the company president. Pazol most recently served as the vice president and general manager of the acquired nPhase group, which was renamed Qualcomm Global Smart Services.

“When we originally selected the name nPhase back in 2002, we knew this industry would be constantly changing and evolving, and we felt the name nPhase communicated this concept,” said Steve Pazol president of nPhase. “We have been very fortunate to have been a part of Qualcomm for the last three years. Now with a 50/50 joint venture between Verizon Wireless and Qualcomm, we look forward to providing M2M wireless communication and smart service offerings to this rapidly growing market.”

nPhase’s management team includes a combination of original nPhase founding executives, former Qualcomm executives, and a Verizon Wireless executive. The company’s Board of Directors includes, Steve Pazol, president, nPhase; Len Lauer, chief operating officer, Qualcomm; Jack Plating, chief operating officer, Verizon Wireless; Andrew Gilbert, executive vice president and president, QIS and Europe, Qualcomm and Anthony Lewis, vice president, Open Development, Verizon Wireless.