Verizon Takes Stake In Nomad Innovations - Multichannel

Verizon Takes Stake In Nomad Innovations

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Verizon Investments has invested in Nomad Innovation, participating in the company's most recent financing round. 

Nomad Innovation provides technology for electronic newsgathering using the 4G cellular networks. Verizon Investments is part of Verizon Communications Inc.'s Verizon Ventures group.

Prior to the transaction, the two companies had been working together to test and deploy Nomad's technology. Nomad Innovations' LiveEdge system currently uses Verizon's 4G LTE network for carrying live broadcasts of news and events back from the field.

As part of the companies' closer relationship, the Nomad LiveEdge product also will be featured at the Verizon Experience Center in Waltham, Mass.

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