Verizon plans to combine CloudSwitch with the Terremark IT services company it already owns. The company hopes the CloudSwitch software, which enables enterprises to easily move applications and workloads into the cloud, will help companies move over to Terremark’s services.
John McEleney, CEO of CloudSwitch, comments: ‘By joining Verizon, we will be able to deliver a solution that combines our software with the market-leading infrastructure cloud play.
Our founding vision has always been to create a seamless and secure federation of cloud environments across enterprise data centers and global cloud services. Together, we will be able to provide enterprises with an unmatched level of flexibility, scalability and control in the cloud with point-and-click simplicity. This will go a long way in helping achieve widespread adoption of the cloud especially when managing complex workloads.’
‘The cloud market is a rapidly growing opportunity, with very real benefits both for our business customers and the consumers they serve,’ says Bob Toohey, president of Verizon’s global enterprise unit.
Terms of the deal were not disclosed.
Round-up of today’s M&A deals
- Financial news agency Bloomberg acquires specialty publisher BNA
Value: £61 million
- Business software and services company UNIT4 has entered into an agreement to acquire Singapore-based Professional Software Systems (Prosoft)
- Capita Symonds acquires managed support services business