Home / M&A Activity / Verizon Acquires Cloud Computing Firm, to Combine with Terremark

Verizon Acquires Cloud Computing Firm, to Combine with Terremark

Verizon Communications (NYSE: VZ) has acquired enterprise cloud computing firm CloudSwitch for an undisclosed amount.

Verizon plans to combine Mass.-based CloudSwitch with its Terremark IT services subsidiary to enhance its hybrid cloud and cloud-to-cloud capabilities.

CloudSwitch’s software eliminates barriers to enterprise cloud adoption by securely moving applications and workloads from data centers to the cloud without changing the application or the infrastructure layer.

Terremark said it will improve its private-to-public and public-to-public cloud offerings with the move.

“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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