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Verizon also updated the user interface adding more reporting capabilities, more usage and billing data and requiring fewer clicks.
Verizon's CaaS offering uses utility-based pricing where a customer subscribes for $250 per month and is charged fixed fees per day based on the on-demand usage and consumption in an a la carte fashion.
According to Verhoeven, Verizon CaaS users are about 80 percent enterprise and about 20 percent SMBs and since the service launched in July 2009, Verizon signs between three and four new CaaS customers a week. CaaS differs from other cloud offerings in that it requires a contract, which gives customers more piece of mind.
"They want a stronger legal framework, not just a credit card swipe," he said.
While Amazon EC2 is likely Verizon's most visible competition, CaaS also directly competes with Terramark and Savvis on the enterprise cloud front. Verhoeven said Amazon "serves its purpose" and represents a commodity that offers raw capacity quickly and cheaply, while services like Verizon's offer a deeper level of security and flexibility with more transparency that is better suited to run mission critical production applications.
CaaS and the most recent updates, Verhoeven said, continue Verizon's Everything-as-a-Service vision.