Verizon nabs CloudSwitch to pursue global cloud strategy
Verizon Communications has acquired CloudSwitch, a private cloud software technology company,using its Terremark IT services subsidiary.
The motive? Verizon wants to boost its own hybrid-cloud and cloud-to-cloud capabilities with CloudSwitch's resources.
Those resources include software that enables enterprises to transfer applications and workloads between data centers and a cloud without changing the application or the infrastructure layer. CloudSwitch touted these solutions as more simple and easier for enterprises to adopt, and Verizon must agree.
Bob Toohey, president of Verizon's global enterprise unit, reiterated Verizon's commitment to its cloud computing strategy in a statement, noting (the obvious) that "the cloud market is a rapidly growing opportunity, with very real benefits both for our business customers and the consumers they serve."
CloudSwitch's CEO John McEleney added:
By joining Verizon, we will be able to deliver a solution that combines our software with the market-leading infrastructure cloud play. Our founding vision has always been to create a seamless and secure federation of cloud environments across enterprise data centers and global cloud services. Together, we will be able to provide enterprises with an unmatched level of flexibility, scalability and control in the cloud with point-and-click simplicity. This will go a long way in helping achieve widespread adoption of the cloud, especially when managing complex workloads.
Terremark, which Verizon purchased earlier this year for $1.4 billion, comes into play with its advanced IT and security solutions that enable enterprise-class cloud solutions worldwide, whether they be private, public or a hybrid of both.
Financial terms of the deal have not been disclosed.
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