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Verizon Communications Inc Acquires CloudSwitch
Verizon Communications Inc announced that it has acquired CloudSwitch, an innovative provider of cloud software technology, in a deal that will simplify the move to the enterprise cloud and help to boost industry adoption. Terms of the deal were not disclosed. Verizon plans to combine CloudSwitch, a privately held company based in Burlington, Mass., with its Terremark IT services subsidiary, further accelerating the company's global cloud strategy by enhancing Verizon's hybrid-cloud and cloud-to-cloud capabilities. Financial terms of the transaction were not disclosed.
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