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Giesecke & Devrient (G&D) and Nokia (NYSE: NOK) announced today the completion of a global joint venture. The name of the company is Venyon, and it is 57 percent owned by G&D and 43 percent owned by Nokia.
Venyon prepares the way for mobile operators, transport operators, retailers, banks, credit card companies, and providers of digital services and media worldwide to offer their services and applications to consumers’ Near Field Communication (NFC) enabled mobile devices. With the company’s Secure Chip Management services, consumer applications, such as credit cards or transport tickets can be securely and easily downloaded via a mobile operator’s network to those devices.
The Venyon headquarters are located in Helsinki, Finland and another office in Munich, Germany is already established. Further locations are planned to be opened in Dallas, U.S. and Singapore. Lauri Pesonen, Director and Head of NFC Consumer Solutions at Nokia, has been appointed Chief Executive Officer (CEO) of Venyon as of January 1, 2007. Before joining Nokia in 2004, Pesonen was working in the smart card industry for Setec, now part of Gemalto.
Source: Nokia PR
Anything to speed up the adoption rate of NFC is fantastic in my opinion. Hurry up already!
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
