Verizon To Emphasize Terremark Cloud Services
Two months after closing its $1.4 billion acquisition of Terremark, Verizon Communications is talking up its plan to offer cloud services through the combined entity.
Perhaps most noteworthy is that Verizon has moved 40 of its datacenters over to the Terremark business unit. The new entity, called Terremark, a Verizon Company, now has roughly 50 datacenters throughout North America, Latin America, Europe and the Asia-Pacific region.
The professional services groups that were working on helping customers secure their enterprises and migrate applications to the cloud were all moved over to Terremark. The security and risk compliance, managed and professional services are now part of the Terremark portfolio.
"We really feel we are in a great position," said Terremark President Kerry Bailey in an interview. "The market is moving in our direction to really help enterprises begin to migrate the right applications to this new IT delivery model."
Terremark had 1,100 employees; now it has several thousand, Bailey said, pointing to Terremark's strong and successful brand. "Terremark had a brand that was accepted in this cloud market, and in this new emerging area, our view was we've got an IT-centric brand, and we have Verizon, which is known for its world-class wireless and wire-line assets," he said. "That's how we will operate and we think it will be very complementary."
Posted by Jeffrey Schwartz on June 23, 2011 at 11:58 AM