Acquisition to further accelerate the company's global cloud strategy.
Verizon Communications Inc., a provider of communications services, yesterday announced that it has acquired CloudSwitch, a provider of cloud software technology. Terms of the deal were not disclosed.
The company articulates that it plans to combine CloudSwitch with its Terremark IT services subsidiary, further accelerating its global cloud strategy by enhancing its hybrid cloud and cloud-to-cloud capabilities. CloudSwitch brings the company 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 company, through its Terremark subsidiary, offers advanced enterprise-class IT, cloud and security services on a global scale. Terremark provides customers with the ability to improve IT infrastructure and boost application performance in today's complex and dynamic business environment.
It claims that with CloudSwitch's technology, enterprises gain new flexibility and greater control in moving to and from the cloud, while extending security over applications and data. In addition, enterprise applications remain tightly integrated and can be managed as if they are running locally. When combined with Terremark's advanced IT and security capabilities, this technology further enables total enterprise-class cloud solutions (private-to-public, public-to-public and hybrid) across the globe.
"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. 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."
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