Verizon Communications, Inc has 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 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.
Jones Day has advised Verizon Communications, Inc. in the sale with a team led by Andrew Levine.
Involved fees earner: Andrew Levine – Jones Day;
Law Firms: Jones Day;
Clients: Verizon Communications;