BASKING RIDGE, N.J., Dec. 16, 2020 (GLOBE NEWSWIRE) -- Verizon Business and Walgreens Boots Alliance (WBA) today announced a multi-year strategic partnership where Verizon will deploy their Network as a Service (NaaS), an all-encompassing solution that will deliver an enhanced customer experience to more than 9,000 Walgreens and Duane Reade retail locations across the US. The foundation of the partnership is underpinned by the full breadth of Verizon’s assets including LTE, 5G, and Verizon Media, which will enable Verizon to continuously offer the latest in technological and business process innovation.
“This is the largest, fully customized, Network as a Service solution for a partner on this scale,” said Tami Erwin, Chief Executive Officer, Verizon Business. “Working closely with Walgreens to understand their focus areas, we’ve tailored an offering that will meet their technology needs of today, and quickly scale to offer a rolling deployment of 5G in Walgreens locations, next-gen in-store experiences for customers and employees, and future-proofed backend operations to enhance efficiencies.”
“WBA’s digital transformation is focused on modernizing and digitizing our company to provide customers with seamless and personalized shopping experiences, whether in-store, online or in the palm of their hand,” said Mike Maresca, Global Chief Technology Officer, Walgreens Boots Alliance. “We continue to enhance our business systems and processes both internally and with industry-leading partners to meet the changing needs of Walgreens customers and boost productivity across our workforce. Verizon’s 20 years of experience in this space will help transform our network in the US and also serve as a foundation for our future digital innovations.”
What Network as a Service is and why it matters
Verizon Business’ network as a service (NaaS) is an on-demand solution utilizing the latest connectivity, network and security technologies. The on-demand offering takes multiple technologies, and delivers a single solution to the customer to enable their digital transformation. As technology evolves, customers like Walgreens will have the newest technology almost instantly and can focus on what matters to them most.
The 5G future and co-innovation possibilities
Verizon’s 5G network is the foundational technology for 21st-century innovation. Businesses that make the decision to invest in 5G now will be ahead of the curve and in a position to lead their industry as 5G adoption increases. Things like augmented and virtual reality experiences built on Verizon's 5G network will be key in delivering lifestyle management solutions in areas such as nutrition and wellness via customers’ delivery method of choice, either remotely with digital devices and digital applications or with an in-store expert enhanced with smart wearables in the future.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of trusted health care heritage and innovation in community pharmacy and pharmaceutical wholesaling.
Including equity method investments, WBA has a presence in more than 25 countries, employs more than 450,000 people and has more than 21,000 stores.
WBA’s purpose is to help people across the world lead healthier and happier lives. The company is proud of its contributions to healthy communities, a healthy planet, an inclusive workplace and a sustainable marketplace. WBA is a Participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business.
WBA is included in FORTUNE’s 2020 list of the World’s Most Admired Companies. This is the 27th consecutive year that WBA or its predecessor company, Walgreen Co., has been named to the list. More company information is available at www.walgreensbootsalliance.com.
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