Verizon acquires CloudSwitch

Verizon plans to combine CloudSwitch, a privately held company based in Burlington, Mass., with its Terremark IT services subsidiary
Communication service provider Verizon Communications acquired cloud software technology player CloudSwitch, for an undisclosed amount.
Verizon plans to combine CloudSwitch, a privately held company based in Burlington, Mass., with its Terremark IT services subsidiary, to accelerate the company's global cloud strategy by enhancing Verizon's hybrid-cloud and cloud-to-cloud capabilities, said the company in a release.

Verizon says that with CloudSwitch's technology, enterprises gain flexibility and control in moving to and from the cloud, while extending security over applications and data. Moreover, enterprise applications remain tightly integrated and can be managed as if they are running locally.

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