UPDATE 1-Verizon buys CloudSwitch to boost Terremark
* To merge CloudSwitch with Terremark
* Verizon shares fall 2 pct
NEW YORK Aug 25 (Reuters) - Verizon Communications (VZ.N) said on Thursday that it had bought privately held software developer CloudSwitch to boost its business services division.
The deal is part of a continued push by Verizon in to enterprise services. It plans to merge Burlington, Massachusetts-based CloudSwitch with Terremark, an information technology services provider it bought in April for $1.4 billion.
CloudSwitch brings Verizon software that helps enterprises to securely move applications between data centers. The companies did not disclose the terms of the deal.
Verizon shares were down 2 percent at $35.71 in late trading on New York Stock Exchange.
The companies did not disclose the terms of the deal. (Reporting by Sinead Carew; editing by Matthew Lewis)
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