Feeds

Verizon buys up cloud start-up

Will borg CloudSwitch into Terramark biz

Top 5 reasons to deploy VMware with Tegile

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. ®

Remote control for virtualized desktops

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
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
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Oi, Europe! Tell US feds to GTFO of our servers, say Microsoft and pals
By writing a really angry letter about how it's harming our cloud business, ta
SAVE ME, NASA system builder, from my DEAD WORKSTATION
Anal-retentive hardware nerd in paws-on workstation crisis
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.