Verizon and Qualcomm team up to focus on M2M

Verizon and Qualcomm team up to focus on M2M

Capitalising on the growth of M2M and smart services, the joint venture – which has yet to be named – will be well positioned to provide a single source for end-to-end M2M solutions.

Smart services are the new services and business models enabled by M2M capabilities.

For example, smart grid technology enables utilities to wirelessly connect to their grid assets, such as circuit breakers, transformers and other sub-station equipment. This wireless monitoring capability allows them to develop interactive utility networks that are more intelligent, resilient, reliable and self-balancing.

"The Verizon Wireless vision for bringing the benefits of 'everything connected' to the marketplace started with the introduction of the open development business and the selection of LTE technology for our 4G network," said Anthony Lewis, vice president of open development at Verizon Wireless. "We understand that no single company will be able to provide every aspect of the new M2M ecosystem on its own. This distinctive partnership with Qualcomm allows us to swiftly build on the strengths of each company's M2M strategy. The JV's focus on unlimited innovation will enable the production of next-generation products and services that will release the full power and potential of our network for customers."

According to Steve Pazol, who will lead the joint venture, M2M is a rapidly growing market projected by some analysts to reach more than 85 million connections globally by 2012.

"The next five years will be a significant period of innovation in M2M," said Pazol. "Qualcomm and Verizon expect to create a company focused in evolving niche aftermarket strategies to embedded product standardisation strategies, driving down costs, increasing performance expectations and enabling impactful new business models."

The new joint venture will leverage Qualcomm's advanced connectivity technologies and Verizon Wireless' expertise and simplified device certification process to deliver seamless, fully integrated M2M communication with global connectivity.

Key new capabilities will include cloud computing solutions to automate device provisioning, and to track, monitor and manage assets.

Custom white label applications for OEM customers, productised applications for end-use markets, new diagnostic tools for monitoring network health and device performance, data aggregation services, back-office integrations and other professional services required to deliver whole solutions also will be provided.

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