January 28, 2011 – Wireless communications corporation Verizon Communications is accelerating its data center and “everything as a service” strategy with a proposed $1.4 billion acquisition of IT infrastructure and cloud provider Terremark Worldwide Inc.

Verizon largely focuses its multibillion-dollar company on broadband delivery and wireless communications services, claiming more than 94 million U.S. customers, a news release stated. However, Verizon confirmed the proposed buyout of Terremark is a concrete entry point into managing offerings for data storage, cloud computing and business intelligence.

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