Acquisitions transform cloud offering

Joseph Waring
17 May 2012

Best Cloud-based Service

Verizon Enterprise Solutions

Last year's winner:new category
Business segments:Network services, professional and outsourcing services, cloud-based services, UC & collaboration contact centers
CEO:John Stratton
Key stats:192,000 staff; revenue of $111 billion (2011), 15.2% growth in enterprise services revenue

The cloud obviously has been the key enabler of this evolution, and to some extent a revolution, of innovative operating models, with technology fully embedded to enable companies to move quickly into new markets and explore business opportunities.

With new opportunities emerging across the region and across industries, Kim says the company decided to "walk the talk" by making significant commitments showing that the cloud was no longer a phenomena but the "new normal".

He says Verizon's acquisition of Terremark gives it an "unmatched" combination of global data centers, cloud solutions, security and IT consulting services. The company also acquired CloudSwitch, a provider of cloud software technology that enables customers to more easily and securely move applications between company data centers and the cloud without changing the application or the infrastructure layer. Kim says this eliminates a key barrier to widespread cloud adoption and accelerating industry adoption.

"The combination of the three companies' enterprise IT and security capabilities are delivered through nearly 50 data centers, enabling an expansive array of IT solutions that meet the security, performance and regulatory requirements of enterprises around the globe. Add that technology to our network, and we feel pretty confident about our business in Asia Pacific," he says.

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