Focus on High-Performance Cloud Solutions, Technology Enhancements Drives Continued Verizon Business Success

Unique Combination of Secure Global Offerings, Network, Data Centers Underpins Transformational IT Delivery Model

PR Newswire -- July 27, 2010

BASKING RIDGE, N.J., July 27 /PRNewswire/ -- Verizon Business during the second quarter continued to roll out high-performance global solutions that enable multinational enterprises, medium businesses and governments to take advantage of cloud-based delivery of key IT resources and applications. These include new cloud-based computing, data storage, security, enterprise mobility and unified communications offers, as well as key industry-specific solutions and IT consulting services.

The company continued to aggressively invest in the network and technology infrastructure to deliver cloud solutions to its global customer base, including opening a second data center in Hong Kong and significantly expanding the capacity of its other data centers.

Customers responded to these moves, with the company signing significant business in all segments during the quarter. Multinational corporations including CA Technologies, First Data Corporation, Hewitt Associates LLC and RENT-A-CENTER completed new agreements, expanding their relationships with Verizon Business for a wide range of advanced communications and information technology solutions. Additionally, Verizon entered into new agreements with several government agencies, including the U.S. Department of Health and Human Services.

"There's a lot of hype around 'cloud,' but in essence it's a new IT delivery model - one that is having a profound impact on the industry," said Kerry Bailey, Verizon Business senior vice president for enterprise strategy and chief marketing officer. "Our unique combination of network, data centers and integrated solutions -- all with built-in security -- is truly enabling the enterprise cloud, and our customers are responding."

New High-Performance Solutions Support Cloud Drive

Verizon Business delivered new capabilities supporting the convergence of IP and IT during the quarter including:

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