IBM to Buy Verizon's Private Cloud, Managed Hosting Business

Grazed from ChannelPartnersOnline. Author: Editorial Staff.

Verizon is selling its private cloud and managed hosting services to IBM. George Fischer, senior vice president and group president of Verizon Enterprise Solutions, wrote in a blog Wednesday that the carrier will partner with IBM for “strategic initiatives" in cloud and networking. “This is a unique cooperation between two tech leaders to support global organizations as they look to fully realize the benefits of their cloud computing investments," Fischer said.

The companies have not disclosed the terms of the deal, but it is expected to close later this year. Fischer says Verizon Enterprise Solutions is set up to provide customers intelligent networking, business communications and managed IT services. “It is the latest development in an ongoing IT strategy aimed at allowing us to focus on helping our customers securely and reliably connect to their cloud resources and utilize cloud-enabled applications," he said...

“Our goal is to become one of the world’s leading managed services providers enabled by an ecosystem of best-in-class technology solutions from Verizon and a network of other leading providers."...

Read more from the source @ http://www.channelpartnersonline.com/news/2017/05/ibm-to-buy-verizon-s-private-cloud-managed-hosting-business.aspx