Verizon Goes For Cloud Gusto With $1.4 Billion Terremark Acquisition
Verizon took a big step toward becoming a major cloud infrastructure player this week with its $1.4 billion acquisition of Terremark Worldwide, an infrastructure-as-a-Service provider.
Terremark has 13 data centers in the U.S., Europe and Latin America through which it offers cloud computing, hybrid cloud, collocation, disaster recovery, data storage and managed hosting services. Verizon will add these to its stable of 220 data centers in 23 countries.
In a recent interview, Patrick Verhoeven, Verizon Business' manager of cloud services, told CRN that Verizon isn't messing around and will continue making big cloud investments in the coming year.