Posts Tagged ‘Verizon Cloud Hosting’

Verizon Reveals Cloud Hosting Plans for Recent Terremark Acquisition

Thursday, February 17th, 2011

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Verizon has taken their first big steps and revealed their big plans in the  cloud hosting space.  It’s going after them very fast because it acquired Terremark for $1.4 billion, though that deal has yet to close.

In an interview with Data Center Dynamics, Verizon regional VP of Enterprise, Cloud and IT Services for Europe, David Howorth, said the company is already laying out plans to capitalize on the scale – in data center space and networking – that the acquisition will bring to the company.

Verizon’s cloud computing capabilities applied to Terremark’s data center infrastructure, he says, will enable the company to introduce a full set of cloud computing services.

“We will now be able to couple our computing infrastructure with the cloud colocation space to deliver a full solution for the client,” Holworth told Data Center Dynamics.

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Verizon Aquires Terremark

Friday, January 28th, 2011

Verizon Communications acquired Terremark earlier today for $19.00 per share in cash, or a total equity value of $1.4 billion. Terremark, which is headquartered in Miami, operates 13 data centers in the U.S., Europe and Latin America (Miami, Dallas, Wash. D.C., Santa Clara, Bogota, Saol Paolo, Santo Domingo, Amsterdam, Brussels, Madrid and Istambul. It provides secure cloud computing, colocation, and managed hosting services. For its most recent quarter, Terremark reported revenue of $84.9 million, a 22% increase over the previous year.

“Cloud computing continues to fundamentally alter the way enterprises procure, deploy and manage IT resources, and this combination helps create a tipping point for everything as a service,” said Lowell McAdam, president and chief operating officer of Verizon. “Our collective vision will foster innovation, enhance business processes and dynamically deliver business intelligence and collaboration services to anyone, anywhere and on any device.”

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