Verizon Acquires CloudSwitch

NEW YORK - August 25, 2011 -Verizon Communications Inc. announced today that it has acquired CloudSwitch, an innovative provider of cloud software technology, in a deal that will simplify the move to the enterprise cloud and help to boost industry adoption. Terms of the deal were not disclosed.

Verizon plans to combine CloudSwitch, a privately held company based in Burlington, Mass., with its Terremark IT services subsidiary, further accelerating the company’s global cloud strategy by enhancing Verizon’s hybrid cloud and cloud-to-cloud capabilities.

CloudSwitch brings Verizon breakthrough software that enables enterprises to more easily and securely move applications, or workloads, between company data centers and the cloud without changing the application or the infrastructure layer – eliminating a key barrier to widespread cloud adoption.

With CloudSwitch’s technology, enterprises gain new flexibility and greater control in moving to and from the cloud, while extending security over applications and data. In addition, enterprise applications remain tightly integrated and can be managed as if they are running locally. When combined with Terremark’s advanced IT and security capabilities, this technology further enables total enterprise-class cloud solutions (private-to-public, public-to-public and hybrid) across the globe.

“The cloud market is a rapidly growing opportunity, with very real benefits both for our business customers and the consumers they serve,” said Bob Toohey, president of Verizon’s global enterprise unit. “With the acquisition of CloudSwitch, Verizon has taken another step forward in defining the enterprise cloud.”

John McEleney, CEO of CloudSwitch, said: “By joining Verizon, we will be able to deliver a solution that combines our software with the market-leading infrastructure cloud play. Our founding vision has always been to create a seamless and secure federation of cloud environments across enterprise data centers and global cloud services. Together, we will be able to provide enterprises with an unmatched level of flexibility, scalability and control in the cloud with point-and-click simplicity. This will go a long way in helping achieve widespread adoption of the cloud especially when managing complex workloads.”

Verizon, through its Terremark subsidiary, offers advanced enterprise-class IT, cloud and security services on a global scale. Terremark provides customers with the ability to improve IT infrastructure and boost application performance in today’s complex and dynamic business environment. Visit the Verizon IT Solutions & Hosting website for more information.

About CloudSwitch
CloudSwitch delivers the enterprise gateway to the cloud. CloudSwitch’s innovative software appliance enables enterprises to run their applications in the right cloud computing environment—securely, simply and without changes. With CloudSwitch, applications remain tightly integrated with enterprise data center tools and policies, and can be moved easily between different cloud environments and back into the data center based on the requirements of the business. For more information about CloudSwitch, please visit www.cloudswitch.com and follow on Twitter at www.twitter.com/cloudswitchcom.

About Verizon
Verizon Communications Inc. (NYSE, NASDAQ:VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, with more than 106 million total connections nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500. A Dow 30 company, Verizon employs a diverse workforce of nearly 196,000 and last year generated consolidated revenues of $106.6 billion. For more information, visit www.verizon.com.

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Media Contacts:
Janet Brumfield
+1 614 723 1060 begin_of_the_skype_highlighting +1 614 723 1060 end_of_the_skype_highlighting
janet.brumfield@verizon.com