Verizon and IBM said Wednesday that they have expanded their relationship to deliver Managed Data Vault – a new private cloud service that provides secure, quick and reliable daily backups and fast recovery of enterprise information.

Available from both companies, the new service is designed to automatically transfer data from a client location to a specially designed off-site data center via Verizon's secure high-speed private network. “With Managed Data Vault, businesses can realize off-site data protection at on-site speeds while taking advantage of usage-based utility to meet data growth without limits,” the firms said in a joint release.

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