Verizon: Adding value to services

SINGAPORE:Verizon Business, a  provider of business data connectivity solutions is seeking to reposition itself as a value added service provider for enterprises.

Speaking at an analyst meet at Singapore, Blair Crump, Group President of World wide sales stated that Verizon Business has added to its portfolio a host of professional services, including  hosting services, communications services for collaboration, IT solutions to improve IT performance and Security solutions.

Verizon Business also announced that they are going to be focusing more on India and China and would be investing into new global networks connecting these countries to the rest of the world.

The company estimated the Indian Enterprise market at US$ 5.4 billion, out of which its addressable opportunity of companies with multinational operations was seen as US$ 1.3 billion, growing to US$ 2.6 billion.

Verizon Business operates in India through a JV with Leo Communications, a part of the Videocon group of Mumbai. Verizon Business holds a 74 per cent stake in the joint venture, Leo Communications holds the remaining 26 per cent. The JV obtained NLD and ILD licenses in January 2008 and has interconnect agreements with Bharti and Reliance.

According to the study, the trusted business partner poses a significant risk of attacks on your network. The percentage of attacks arising from partners has been steadily rising and is at 44 per cent in 2007 as compared to just 8 per cent in 2004.

Source of data breach (same break may have multiple sources)

Trends in Data Breach Sources 2004 – 2007

Source of data breach – Industry

Data types compromised

The author was hosted at Singapore by Verizon Businesses