Category: Verizon
Verizon to buy Terremark for $1.4 billion
Verizon is set to buy Terremark, an information technology services company, for $1.4 billion, part of an effort from the wireless carrier to boost its cloud-computing abilities. The purchase offer of $19 a share in cash is a 35% premium over Terremark’s Thursday closing stock price of $14.05 a share. In a filing submitted to the Securities [...]
Verizon offers Cloud security
Verizon Business will offer security as a service from eight of its many worldwide IP network data centers. In making the offering, it’s taking a calculated risk that it can convince business users that security, almost always an on-premises and often a hardware-based service, can be offered safely from software in the cloud. Verizon will [...]
