InfoAnda - Verizon buys CloudSwitch to boost Terremark |

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Credit: Reuters/Rick Wilking NEW YORK | Thu Aug 25, 2011 4:01pm EDT NEW YORK (Reuters) - Verizon Communications 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) Technology Deals Global Deals Review: 2011 Q2 Global Deals Review Hot Stocks Asian Markets Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) 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