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  1. #1
    WHT-BR Top Member
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    [EN] Verizon to sell cloud and managed hosting service to IBM

    May 2, 2017

    Verizon reveals it reached an agreement last week to sell its cloud and managed hosting service to IBM. Terms of the deal, which Verizon expects to close later this year, were not disclosed. The two companies also agreed to work on what George Fischer, senior vice president and group president, Verizon Enterprise Solutions, termed "a number of strategic initiatives involving networking and cloud services."

    "This agreement presents a great opportunity for Verizon Enterprise Solutions (VES) and our customers," wrote Fischer in the deal's announcement. "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. 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."

    Fischer added that VES will continue to invest in technology to aid its IT customers as they look to improve application performance, streamline operations, and secure information in the cloud. VES will continue to provide intelligent networking, managed IT services, and business communications toward these ends, he wrote.

    http://www.lightwaveonline.com/artic...ce-to-ibm.html

  2. #2
    WHT-BR Top Member
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    ICYMI: Why IBM Is the Best Fit for Verizon's Enterprise Cloud Business

    Ray Le Maistre
    2/15/2017

    BM looks best placed to pick up Verizon's enterprise cloud services business, which the major US operator has decided is now surplus to requirements.

    Light Reading reported earlier this month that Verizon has agreed to a deal to sell that business, and there are a number of reasons why it would make sense for IBM to be the buyer.

    The acquisition of Verizon's enterprise cloud services business would make sense for IBM Corp. for a number of reasons: Cloud is one of the IT giant's earnings bright spots and it has a strategic imperative to grow that business -- revenues from its cloud services and related activities totaled $13.7 billion for the full year 2016, up an impressive 35%. Further scale could only help as IBM seeks to gain market share and edge closer to market leader Amazon Web Services Inc. (AWS).

    IBM previously splashed out about $2 billion in 2013 to acquire SoftLayer for its cloud infrastructure business, and today the company highlights growth in cloud services as a counterpoint to financial declines in its more traditional business units.

    In addition (and here's the "people" angle, folks!), the team at IBM will have a very good understanding of what they'd be getting: The former CTO of Verizon's cloud business, John Considine, now heads up IBM's Cloud Infrastructure Services business, and the former CTO of Verizon's cloud platform engineering group, Kevin Clarke, is now IBM's Director Cloud Innovation Lab. Considine left Verizon in September 2014 and reemerged at IBM in September 2015. Clarke left Verizon in March of 2015 and turned up at IBM a year later.

    So there's a good fit and business justification for such a move and while there is nothing solid linking IBM to such a deal currently, the smart money is on Big Blue.

    http://www.enterprisecloudnews.com/a...&doc_id=730330

  3. #3
    WHT-BR Top Member
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    Dec 2010
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    Verizon, IBM reach agreement on cloud services

    George Fischer | SVP and Group President, Verizon Enterprise Solutions
    05.02.2017

    Last week, Verizon agreed to sell its cloud and managed hosting service to IBM. Additionally, Verizon agreed to work with IBM on a number of strategic initiatives involving networking and cloud services. 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.

    This agreement presents a great opportunity for Verizon Enterprise Solutions (VES) and our customers. 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. 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.

    Along the way we will invest in technology that helps our customers continue their IT transformation journey. Our customers want to improve application performance while streamlining operations and securing information in the cloud. VES is now well positioned to provide those solutions through intelligent networking, managed IT services and business communications.

    We are notifying affected customers directly although we do not expect any immediate impact to their services as a result of this agreement. We will formally notify and update customers as appropriate with additional information nearer the close of the deal. We expect the transaction to close later this year.


    http://www.verizon.com/about/news/ve...cloud-services

  4. #4
    WHT-BR Top Member
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    Dec 2010
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    Verizon Ditches Enterprise Cloud in IBM Deal

    Mari Silbey
    5/2/2017

    It took a few months, but Verizon finally revealed today that it's selling off its enterprise cloud services division to IBM.

    ..

    The sell-off is a sad statement for Verizon, which first gave up on its ambitions in the public cloud sector, and is now signaling that it can't compete in private cloud either.

    That said, Verizon is remaining focused on enterprise connectivity, which is part of what led the company to acquire XO Communications in February.

    In Verizon's latest earnings report, the telco reported in $2.47 billion in total enterprise solutions revenue, down from $2.5 billion in the year-ago quarter.

    Overall, Verizon is training more of its resources on 5G wireless development and on the video market while it backs away from enterprise cloud. In the latter area, the company spent $4.4 billion to acquire AOL in 2015, and is expected to close on a $4.48 billion deal for Yahoo in the coming months. Verizon has also invested internally in building up its digital media services business, launching the new Media Xperience Studio last month, and bundling media services into the new Exponent business unit focused on software and services sales to other network operators.

    On the IBM side, the deal with Verizon makes sense given that Big Blue has already highlighted cloud as one of its top business priorities. IBM currently has a leading market position in private cloud services.

    http://www.lightreading.com/enterpri.../d/d-id/732479

  5. #5
    WHT-BR Top Member
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    Dec 2010
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    If you build it, customers will come

    The sell-off is a sad statement for Verizon, which first gave up on its ambitions in the public cloud sector, and is now signaling that it can't compete in private cloud either.
    Verizon Communications

    Fortune 25: #13

    Years on Fortune 500 List: 22

    Employees: 177,700

    Total assets: $244 billion

    Revenues: $132 billion

    US Wireless Carrier: #1 (Q2 2016, 143 million subscribers)

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