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Verizon Acquires CloudSwitch

26 Aug 2011 12:00 AM | Anonymous

Verizon Communications Inc. has announced that it has acquired CloudSwitch, an innovative provider of cloud software technology, in a deal that will simplify the move to the enterprise cloud and help to boost industry adoption. Terms of the deal were not disclosed.

Verizon 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 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.”

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