Feeds

Verizon buys up cloud start-up

Will borg CloudSwitch into Terramark biz

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Seagate brings out 6TB HDD, did not need NO STEENKIN' SHINGLES
Or helium filling either, according to reports
European Court of Justice rips up Data Retention Directive
Rules 'interfering' measure to be 'invalid'
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
USA opposes 'Schengen cloud' Eurocentric routing plan
All routes should transit America, apparently
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.