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Verizon acquires cloud player CloudSwitch

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CIOL Bureau
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NEW YORK, USA: Communication service provider Verizon Communications acquired cloud software technology player CloudSwitch, for an undisclosed amount.

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Verizon plans to combine CloudSwitch, a privately held company based in Burlington, Mass., with its Terremark IT services subsidiary, to accelerate the company’s global cloud strategy by enhancing Verizon’s hybrid-cloud and cloud-to-cloud capabilities, said the company in a release.

Verizon says that with CloudSwitch’s technology, enterprises gain flexibility and control in moving to and from the cloud, while extending security over applications and data. Moreover, enterprise applications remain tightly integrated and can be managed as if they are running locally.

“The cloud market is a rapidly growing opportunity, with very real benefits both for our business customers and the consumers they serve,” said Bob Toohey, president, Verizon’s global enterprise unit. “With the acquisition of CloudSwitch, Verizon has taken another step forward in defining the enterprise cloud.”

John McEleney, CEO, CloudSwitch, said: “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 centres 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."

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