Thursday May 23, 2019

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Zoldan Finds Success with Quantum Networks

NY entrepreneur Ari Zoldan, has a knack for business building, being the founder of three successful ventures. In 2001 Zoldan created Launch 3 Communications, in 2004 founded Launch 3 Ventures, which bought up distressed assets from telecommunications companies and resold parts and equipment overseas. And in 2006 Mr. Zoldan thought of something novel for mobile telecommunications: 3G and 4G wireless technologies, which improve speed and global roaming on mobile phones, according to an article in Crain’s New York Business.

Currently employing 21 people with a gross income of $3.35 million, Quantum Networks was Zoldan’s third New York-based business venture. Quantum’s revenues come from a balance between wholesale equipment sales and sales of rural broadband products, such as the $239 MiFi device, which provides Internet access through cell signals. In overseas endeavors, Quantum sells signal devices to small telecommunications carriers in Africa, Asia and South America.

Zoldan owes his success to luck and a spirit of innovation. “I knew I needed to shift to a newer generation of technology,” Zoldan told Crain’s. Despite taking time to foster an alliance of 4G vendors, Quantum Networks was able to achieve its level of success, due in part, to Zoldan’s partner Eytan Wiener, who was able to envision “the next generation of mobile technology,” Quantum’s founder told Crain’s.

Crain’s New York Business