Verizon buys cloud software specialist
Consider it the other shoe dropping. Verizon Communications bought CloudSwitch, a start-up with software that helps manage cloud services, to complement its $1.4 billion acquisition earlier this year of Terremark, which provides IT services, including data centers for cloud-based storage.
Verizon did not reveal the purchase price. CloudSwitch is a privately held company founded in 2008 that has attracted about $15 million in venture funding.
Verizon said combining Terremark with CloudSwitch will accelerate its hybrid-cloud and cloud-to-cloud capabilities.
CloudSwitch's software enables enterprises to more easily and securely move applications between company data centers and the cloud without changing the application or the infrastructure layer, eliminating a key barrier to widespread cloud adoption, Verizon explained.
When combined with Terremark's IT and security capabilities, this technology further enables enterprise-class cloud solutions, the carrier said.