Verizon Wireless (NYSE:VZ) has purchased the remaining 50 percent of nPhase, its joint venture for machine-to-machine business it formed with Qualcomm (NASDAQ:QCOM) in 2009. Financial details of the deal were not disclosed. nPhase, which was founded by Steve Pazol in January 2003, was acquired by Qualcomm in 2006. When Qualcomm teamed with Verizon to form the JV, it combined the nPhase provisioning and back-end M2M systems with Verizon's sales force and distribution channel. The goal of the joint venture was to make it easier and faster for companies to get their M2M devices running on Verizon's network. > Read More