Building on its acquisition of TerreMark, Verizon is adding new capabilities it will be offering with its cloud services business. The public beta for Verizon Cloud will launch in the fourth quarter of this year.

Verizon Cloud has two main components Verizon Cloud Compute provides cloud-based virtual computational capability; it is part of what Verizon is calling its Infrastructure as a service (IAAS) business. The other element, Verizon Cloud Storage is what it says it is, no more, no less.

The change from Verizon’s existing cloud-based computing service is that Verizon Cloud Compute allows customers, from small businesses to enterprises, to determine how much compute power they need and pay for only that. Previously, services had pre-set configurations for size (e.g. small, medium, large) and performance.

Customers will soon be able to determine and set virtual machine and network performance, providing predictable performance, even during peak times, the company said. Users can also configure storage performance and attach storage to multiple virtual machines.

The provisioning and deployment of virtual machines and assignment of performance levels takes seconds, Verizon said. With a credit card or purchase order on file, customers pay as they go for computing and storage. They can control their use and pay for the cost of the services they are using, adjusting as needs arise.

 “This is a breakthrough approach to how cloud computing is done,” said Bryson Koehler, chief information officer at The Weather Company, the nation’s leading provider of weather forecasts and information. “Weather is the most dynamic dataset in the world, and we also use big data to help consumers better plan their day and help businesses make intelligent decisions as it relates to weather. As a big data leader, a major part of The Weather Company’s go-forward strategy is based on the cloud, and we are linking a large part of our technical future to these services from Verizon.” 

Verizon describes its new storage service as “an object-addressable, multitenant storage platform providing safe, durable, reliable and cost-effective storage accessible from anywhere on the Web.” The company claims it has overcome latency issues that typically affect cloud storage solutions.

During the beta launch, Verizon said it will limit access to Verizon Cloud Compute and Verizon Cloud Storage to a few hundred new users per month.

Verizon Cloud Compute and Verizon Cloud Storage are installed in Verizon’s cloud data center in Culpeper, Va.

The company said it will gradually bring up more data centers to serve Verizon Cloud Compute and Storage through mid-2014. Those facilities are in Englewood, Colo., Miami; Santa Clara, Calif.; and in Amsterdam, London, and Sao Paolo.

“We are putting control and choice back in the hands of the user, while still addressing their needs for availability, performance and security,” said John Considine, chief technology officer of Verizon Terremark. “We started from scratch, building the core components we felt necessary to achieve that goal.”