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Having sold data centers, Verizon sells cloud/hosting service to IBM

The Broadband Report

May, 2 2017, 2:20 PM

Verizon, which closed on a $3.6 billion deal to sell its data centers on Monday, has now disclosed it recently sold to IBM its cloud and managed hosting service.

George Fischer, senior vice president and Group President for Verizon Enterprise Solutions, disclosed the IBM deal in a blog post on Tuesday. The deal was struck last week, he wrote.

"Additionally, Verizon agreed to work with IBM on a number of strategic initiatives involving networking and cloud services," Fischer explained.

"This is a unique cooperation between two tech leaders to support global organizations as they look to fully realize the benefits of their cloud computing investments."

Financial details weren't disclosed.

The deal will help Verizon better support enterprise customers, according to Fischer.

"This agreement presents a great opportunity for Verizon Enterprise Solutions (VES) and our customers," he said.

"It is the latest development in an ongoing IT strategy aimed at allowing us to focus on helping our customers securely and reliably connect to their cloud resources and utilize cloud-enabled applications. Our goal is to become one of the world’s leading managed services providers enabled by an ecosystem of best-in-class technology solutions from Verizon and a network of other leading providers.

"Along the way we will invest in technology that helps our customers continue their IT transformation journey. Our customers want to improve application performance while streamlining operations and securing information in the cloud. VES is now well positioned to provide those solutions through intelligent networking, managed IT services and business communications."

Last week, IBM announced the opening of four enw data centers focused on cloud services in the U.S.

On Monday, data center firm Equinix closed on the $3.6 billion deal to acquire Verizon's data centers that had been announced in January.





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