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Verizon buys CloudSwitch to boost Terremark

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CIOL Bureau
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NEW YORK, USA: Verizon Communications announced on Thursday that it has bought CloudSwitch, a provider of cloud software technology, for an undisclosed sum.

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In a press release Verizon said the deal would simplify the move to the enterprise cloud and help to boost industry adoption.

Verizon said it plans to combine CloudSwitch with its Terremark IT services subsidiary, further accelerating the company’s global cloud strategy by enhancing Verizon’s hybrid-cloud and cloud-to-cloud capabilities.

CloudSwitch brings Verizon breakthrough software that enables enterprises to more easily and securely move applications, or workloads, between company data centers and the cloud without changing the application or the infrastructure layer — eliminating a key barrier to widespread cloud adoption, the release added.

“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 of Verizon’s global enterprise unit. “With the acquisition of CloudSwitch, Verizon has taken another step forward in defining the enterprise cloud.”

John McEleney, CEO of CloudSwitch, said: “By joining Verizon, we will be able to deliver a solution that combines our software with the market-leading infrastructure cloud play... 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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