Feeds

Verizon buys up cloud start-up

Will borg CloudSwitch into Terramark biz

Choosing a cloud hosting partner with confidence

Cloud software start-up, CloudSwitch, has been snapped up by Verizon for an undisclosed sum. The three-year-old company specialises in high security management of enterprise grade applications running via the cloud. The start-up had raised around $US15 million from Boston based VC firms to date.

Verizon is set to integrate CloudSwitch into its Terremark data centre business unit which it acquired for $US1.4 billion earlier this year.

Under the deal, CloudSwitch's 30 staff including the executive team will remain with the company and be part of the hub of software development for Terremark's cloud services in Boston, the company confirmed in its blog.

The post said, “it’s clear that F1000 companies are looking for enterprise-class cloud services that cover a broad range of their needs – not only commodity clouds, but also higher levels of SLAs, enterprise procurement processes, professional services, security models and dedicated systems. And they want these to be provided by a trusted name in enterprise IT services like Verizon.”

The company added that despite the takeover, it would ensure that Terremark is strategically committed to open policies and will maintain support for multiple clouds and hypervisors.

“We’re also impressed at Verizon’s commitment and leadership strategy in the enterprise cloud market: after acquiring Terremark and creating a subsidiary within Verizon, they’ve now brought on a software company to add software development and innovation capabilities to the team. That’s the kind of leadership the enterprise cloud market requires,” the company said. ®

Internet Security Threat Report 2014

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
NASA launches new climate model at SC14
75 days of supercomputing later ...
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.