Inside the Briefcase

IT Briefcase Exclusive Interview: Keeping Your (Manufacturing) Head in the Clouds

IT Briefcase Exclusive Interview: Keeping Your (Manufacturing) Head in the Clouds

with Srivats Ramaswami, 42Q
In this interview, Srivats Ramaswami,...

IT Briefcase Exclusive Interview: New Solutions Keeping Enterprise Business Ahead of the Game

IT Briefcase Exclusive Interview: New Solutions Keeping Enterprise Business Ahead of the Game

with Sander Barens, Expereo
In this interview, Sander Barens...

IT Briefcase Exclusive Interview: The Tipping Point – When Things Changed for Cloud Computing

IT Briefcase Exclusive Interview: The Tipping Point – When Things Changed for Cloud Computing

with Shawn Moore, Solodev
In this interview, Shawn Moore,...

Driving Better Outcomes through Workforce Analytics Webcast

Driving Better Outcomes through Workforce Analytics Webcast

Find out what’s really going on in your business...

Legacy Modernization: Look to the Cloud and Open Systems

Legacy Modernization: Look to the Cloud and Open Systems

On the surface, mainframe architecture seems relatively simple: A...

Verizon Boosting Its Cloud Computing Push

January 28, 2011 No Comments

SOURCE:  LA Times

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 and Exchange Commission, Terremark said it accepted Verizon’s offer.

By buying Terremark, Verizon hopes to “deliver business intelligence and collaboration services to anyone, anywhere and on any device,” Lowell McAdam, Verizon’s president and chief operating officer, said in a statement.

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CLOUD COMPUTING, DATA and ANALYTICS , News

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