Verizon Communications Inc. (New York) announced last week that it has acquired CloudSwitch, a provider of cloud software technology, in a deal that will simplify the move to the enterprise cloud and help to boost industry adoption, says the company Terms of the deal were not disclosed.
Verizon plans to combine CloudSwitch, a privately held company based in Burlington, Massachusetts, with its Terremark IT services subsidiary, which aims to enhance Verizon's hybrid-cloud and cloud-to-cloud capabilities, according to the service provider.
Verizon bought Terremark in April for $1.4 billion.
Through CloudSwitch software enterprises can 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, says Verizon.
The enterprise applications are tightly integrated and can be managed as if they are running locally. When combined with Terremark's IT and security capabilities, this technology enables total enterprise-class cloud solutions (private-to-public, public-to-public and hybrid) across the world, according to the company.
"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.