Through a Memorandum of Understanding (MoU) aimed at the Philippine enterprise market, New York-based Veea Inc. (VEEA), a leader in integrated smart edge connectivity, computing, and security solutions, and NOW Corporation (NOW Corp) have created a strategic collaboration. Providing private wireless LAN solutions is the main goal. The MoU outlines a collaborative effort to enhance NOW’s existing connectivity framework, focusing on the deployment of bespoke, stand-alone (SA) private wireless LAN solutions tailored for the enterprise market.
The Veea-NOW partnership will target key enterprise markets, offering value-added services delivered by Veea’s Edge Platform and taking advantage of NOW Corp’s telecommunications and technology capabilities. Veea and NOW Corp are also collaborating on strategic areas of growth to extend Digital Equality and Digital Inclusion into target markets, providing effective solutions such as affordable connectivity, Climate Smart Agriculture, edge-medical clinics, edge-u-cation programs and other solutions that promote community development. Veea is thrilled to partner with NOW to improve and expand edge connectivity in the Philippines utilizing our combined technologies. Advancing edge connectivity capabilities provides tremendous value to enterprises and greater economic and social benefits to individuals and communities,” says Allen Salmasi, Chairman and CEO of Veea. “Veea’s hyper-converged edge platform is uniquely positioned to complement NOW’s technology to deliver first-in-class private wireless LANsolutions to the Philippines.“ “We look forward to working with Veea as we bring their technology to the enterprise market in the Philippines. This initiative supports NOW’s connectivity and ICT portfolio as we approach enterprises for their digital transformation roadmap,” says Henry Andrews Abes, President and CEO of NOW Corp. Veea is a New York City-based provider of edge platforms. Over the past 20 years, the Veea team has brought a wide range of Wi-Fi, 4G/5G mobile wireless, and IoT solutions to market. The company also has substantial knowledge and skills in content delivery and edge computing. Now Corporation (NOW), formerly Information Capital Technology Ventures, Inc., was originally incorporated on June 5, 1996 as MF Schroder & Co., Inc. to engage in the purchase and sale of securities. On August 16, 2013, the Securities and Exchange Commission approved the change in corporate name to the present one. The Company shifted its operations into telecommunications, media and technology. Software licensing and services, IT staffing and resource augmentation, and broadband and wireless cable TV services are NOW's three main operational business sectors. Broadband networks, virtual private networks, cloud hosting services, online gaming, multimedia content, web hosting, cloud-based mail and message services, cloud-based multimedia conferences, and electronic communications networks and services are all provided by the company.
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