Verizon Acquires Cloud Service Provider Terremark For $1.4 Billion
To enhance its cloud computing capabilities Verizon acquired Terremark, a Miami-based cloud services and data center hosting provider, for $1.4 billion. With this acquisition Verizon will be competing with major cloud services players such as Amazon. Verizon, which already offers its own Infrastructure-as-a-Service product, as well as managed hosting for enterprise customers, will pay $19…