Wednesday, August 24, 2011

Verizon Acquires CloudSwitch

Verizon Communications has acquired CloudSwitch, a privately-held developer of tools for extending applications in a corporate data center into the public cloud. Financial terms were not disclosed.


CloudSwitch's software enables data loads to move into the cloud without changing the application or the infrastructure layer – eliminating a key barrier to widespread cloud adoption. CloudSwitch claims its solution also enables enterprise applications to remain tightly integrated and managed as if they are running locally.


Verizon plans to combine CloudSwitch with its Terremark IT services subsidiary, further accelerating the company's global cloud strategy by enhancing Verizon's hybrid-cloud and cloud-to-cloud capabilities.


"The cloud market is a rapidly growing opportunity, with very real benefits both for our business customers and the consumers they serve," said Bob Toohey, president of Verizon's global enterprise unit. "With the acquisition of CloudSwitch, Verizon has taken another step forward in defining the enterprise cloud."


John McEleney, CEO of CloudSwitch, said: "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."


CloudSwitch is based in Burlington, MA. http://www.verizon.com http://www.cloudswitch.com

  • CloudSwitch was founded by Ellen Rubin and John Considine. Rubin previously was Vice President of Marketing at Netezza. Prior to Netezza, Ellen founded Manna, an Israeli and Boston-based developer of real-time personalization software. Considine previously was Director of the Platform Products Group at Sun Microsystems, where he was responsible for the 69xx virtualized block storage system, 53xx NAS products, the 5800 Object Archive system, as well as the next generation NAS portfolio.


  • Investors in CloudSwitch include Matrix Partners, Atlas Ventures and Commonwealth Capital Ventures.


  • Earlier this year, Verizon acquired Terremark, a global provider of managed IT infrastructure and cloud services, for $19.00 per share in cash, or a total equity value of $1.4 billion. At the time of the acquisition, Terremark, which is headquartered in Miami, operated 13 data centers in the U.S., Europe and Latin America (Miami, Dallas, Wash. D.C., Santa Clara, Bogota, Sao 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.


    Prior to the deal, Verizon operated more than 220 data centers across 23 countries, including 19 premium centers and five smart centers.

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