August 25, 2011 – Verizon Communications made its second cloud acquisition of the year with its announced buy of cloud software provider CloudSwitch.
Financial terms of the completed deal were not disclosed.
CloudSwitch makes software for moving applications and workloads between user company data centers and cloud environments without changing the infrastructure layer. Privately held and based in Burlington, Mass., CloudSwitch was established in 2008 and had raised about $15 million in venture capital funding, according to company releases.
In a statement on the deal, Verizon said it would combine CloudSwitch with the IT services subsidiary of Terremark, an infrastructure and cloud provider which the communications provider bought in January for $1.4 billion.
With CloudSwitch and Terremark together, Verizon is capitalizing on the expanding cloud marketplace with the intention of providing “total enterprise-class cloud solutions,” said Bob Toohey, president of Verizon’s global enterprise unit, in a statement on the deal.
John McEleney, CloudSwitch CEO, said in a statement that the deal follows through on his company’s vision for cloud federation and capabilities with managing complex workloads.
In April, CloudSwitch teamed with Riverbed Technology to supports a platform for improving application performance and reducing latency and bandwidth constraints in cloud environments. Riverbed has similar partnerships with Terremark.
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