Verizon, Tuesday announced that it has agreed to sell its cloud and managed hosting service to IBM in a move to exit from the cloud infrastructure business which also saw the Operator shutting down its public cloud service in early 2016.
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.
George Fischer, SVP and Group President, Verizon Enterprise Solutions, wrote in an article that, "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."
