NEW YORK, Feb. 23, 2017 /PRNewswire/ -- Verizon announced today the global launch of Exponent, a new business and technology venture offering a portfolio of software and internet platforms designed to enable carriers around the world to quickly deploy and launch next-generation solutions. Exponent offers a foundation for carriers to fuel their digital transformation and compete with a range of new digital service providers by expanding their Big Data and Artificial Intelligence, Internet of Things (IoT), Media Services and Internet Services Delivery platforms.
Exponent combines Verizon's cutting edge innovation with the operating know how of running one of the most advanced networks on the planet, to provide carriers with the right expertise and capabilities to accelerate growth, optimize performance, and monetize assets.
"As carriers around the world seek to compete with new, emerging technology players and OTT service providers, Exponent provides a cost-effective way for them to leverage Verizon's investment and experience to diversify and help grow their revenue streams while relying on our tradition of innovation, reliability and excellence," said Guru Pai, Chief Product Officer at Verizon.
Exponent platforms provide a broad range of business and technical benefits to carriers including:
Exponent's platforms were designed to bring the flexibility and openness of internet technologies with the scale and consistency of carrier-grade solutions, leveraging open source software, comprehensive application programming interfaces (APIs) and micro-services architectures. The platforms interoperate seamlessly with existing carrier's assets to maximize their utilization and give the customer the ability to scale as their business model evolves.
"Exponent's approach to designing and deploying platforms with an open architecture model offers carriers an innovative and much-needed entry into new growth areas while mitigating the required investment and resources to get started. There is significant value for both sides in this model," said Courtney Munroe, Group Vice President at IDC Research.
Created by a carrier, for carriers, Exponent has the potential to change the carrier landscape by helping to generate new revenue streams, reduce investment risk, and embrace tomorrow's business opportunities.
"Our launch of Exponent demonstrates our commitment to providing best-in-class experiences and services to the carrier community. After many years of hard work, we are ready to launch and share our learnings, and we welcome all services providers globally to partner with us," said Brian Higgins, Vice President and GM of Exponent.
Learn more about Exponent at the Verizon Operator Marketplace Speaker Series at Mobile World Congress in Barcelona on February 27, 2017. Over the four days of Mobile World Congress, Verizon will be hosting a dynamic Operator Marketplace and an engaging speaker series, showcasing products and solutions that are disrupting the technology industry. See firsthand and learn from top leaders about how innovation in platforms, content, and advertising will shape the future on a global scale.
For additional information about Exponent, visit www.exponentplatforms.com
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, has a diverse workforce of 160,900 and generated nearly $126 billion in 2016 revenues. Verizon operates America's most reliable wireless network, with 114.2 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and the nation's premier all-fiber network, and delivers integrated business solutions to customers worldwide.
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