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Verizon Business

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Verizon Business
Company typeDivision
Founded2006; 18 years ago (2006)
HeadquartersBasking Ridge, New Jersey,
United States
Area served
United States
Key people
Kyle Malady (CEO)
ProductsNetwork, Communications, Mobility, Cloud, Machine to Machine, Security
ParentVerizon Communications
ASN

Verizon Business (formerly known as Verizon Enterprise Solutions) is a division of Verizon Communications based in Basking Ridge, New Jersey, that provides services and products for Verizon's business and government clients.[1]

It was formed as Verizon Business in January 2006 and relaunched as Verizon Enterprise Solutions on January 1, 2012. Verizon reorganized into three units in January 2019, which included Verizon Business Group.[2]

Overview

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According to analysts, Verizon is strengthening its position as a global leader in enterprise managed services. David Molony, Principal Analyst for Enterprise Services at Omdia, highlighted that Verizon leads worldwide based on the number of contracts and their overall value. As Verizon adapts its training approach to cater to the evolving needs of future leaders, it is also equipping its executives to act as catalysts for change. A recent RootMetrics report declared Verizon the "undisputed leader" in network reliability and coverage. The analysis showed Verizon outperformed competitors across both urban and rural regions. Additionally, Verizon Business has unveiled an advanced smartphone management solution aimed at simplifying processes and addressing challenges faced by business owners and IT teams.

Verizon Business was created following Verizon's acquisition of MCI Communications in January 2006.[3] The division became Verizon Enterprise Solutions on January 1, 2012 and is based in Basking Ridge, New Jersey.[4][5] Verizon Enterprise Solutions is the division of Verizon Communications that manages Verizon's business and government clients. The division's network and services were available in more than 150 countries and it had employees in 75 countries in 2013.[4][6][7]

Verizon Business operated 200 data centers in 22 countries, providing cloud, hosting and Internet colocation services to customers in 2013.[6][7][8] It also had partial ownership in 80 submarine cable networks worldwide, including the SEA-ME-WE 4, Trans-Pacific Express, and the Europe India Gateway systems in 2011.[9]

John Stratton led the division from January 2012 until April 2014 when Chris Formant was named president of the unit.[10][11]

Verizon reorganized into three distinct units starting in January 2019 Verizon Consumer Group, Verizon Business Group, and Verizon Media Group. When this was announced, it was also announced that Tami Erwin, then executive vice president of wireless operations, would lead Verizon Business.[2]

Erwin was replaced in July 2022 by Sowmyanarayan Sampath as CEO of Verizon Business. In March 2023, Kyle Malady replaced Sampath as CEO.[12][13]

Products and services

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Verizon Business provides products both wireless and wireline for enterprise, small business and government.[4][14]

Verizon Business Complete delivers a comprehensive, end-to-end solution, offering exceptional scalability and flexibility through Verizon’s high-speed, dependable 5G network. As IT departments take on the challenge of driving digital transformation—ranging from integrating GenAI to bolstering cybersecurity—Verizon Business Complete allows these teams to delegate smartphone management and focus on more strategic, high-value initiatives,” said Iris Meijer, Chief Product & Marketing Officer at Verizon Business.

Networks

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The company provides Private IP services and networks, as well as managed WAN and LAN services,[15][14] among other networking services.[16][17] Verizon also operates a global IP network that reaches 150 countries.[7] In January 2012, Verizon began its Private IP Wireless (LTE) service, which combines 4G LTE with Verizon’s MPLS IP VPN.[18]

Cloud computing and data centers

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Verizon Business offers cloud and data center services through its 11 cloud-enabled data centers. Six of these are in the United States, including NAP of the Americas, its flagship Internet exchange point and colocation center.[8][19][20] Verizon also has approximately 50 regional data centers and has network access points in the United States, Europe and Latin America.[19][21] Verizon offers colocation and managed services through these data centers.[8]

In August 2011, Verizon purchased CloudSwitch.[22] CloudSwitch's software allowed Verizon to offer clients the ability to use their existing applications with cloud services.[23]

Verizon had a fabric-based cloud infrastructure called Verizon Cloud, which was in beta testing in 2013.[16][24] Verizon Cloud has two components: Verizon Cloud Compute and Verizon Cloud Storage.[20] Seven data centers support Verizon Cloud as of May 2014.[16][25]

As of April 2014, the company's Secure Cloud Interconnect (SCI) service allows enterprise customers to connect their private IP to Verizon's cloud services, and other cloud platforms including Equinix and Microsoft.[16][26]

In December 2016 Verizon agreed to sell its US data centers business to Equinix Inc for 3.6 billion in cash. The deal includes 24 facilities across 15 metropolitan markets.[27]

Connected devices

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Verizon offers machine to machine (M2M) solutions for clients.[28] Verizon established "Innovation Centers" in both Boston and San Francisco to help clients with M2M development.[29][30][31]

Examples of Verizon Business M2M offerings include digital signage, smart cities,[32] smart meters,[33] fleet management, and asset tracking.[28][29]

Verizon acquired Hughes Telematics in June 2012, expanding the division's M2M capabilities, particularly in telematics, which deals with vehicle telecommunications and technology.[34]

After the acquisition, in March 2013, Verizon Enterprise Solutions began offering Networkfleet solutions, a service which tracks and analyzes data about commercial vehicle fleets to help customers optimize routes and manage their fleet vehicles and employees.[35]

Security

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Verizon provides security management services for its cloud and mobility products.[4][19][36] These include threat management tools and protection services, monitoring, analytics, incident response, and forensics investigations.[37][38] It also offers identity and access management in both the United States and Europe.[39] In November 2013, Verizon Enterprise Solutions introduced Managed Certificate Services, which provide a cloud-based means for businesses to secure connections and data between various types of machines and devices.[40]

Other products

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Additional items offered by Verizon Business include wired and wireless voice,[41] FiOS[42] and data and Internet services.[4] Mobility products offered include mobile workforce manager, mobile application management, and mobility pro services.[14]

The Verizon Data Breach Investigations Report (DBIR) offers a comprehensive look at recent trends and activities on security and data breaches.

See also

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References

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  1. ^ "Verizon Enterprise Solutions, Inc.: Private Company Information". Bloomberg.
  2. ^ a b Dignan, Larry. "Verizon reorganizes into 3 groups to leverage 5G". ZDNet. Retrieved 2019-07-04.
  3. ^ Marguerite Reardon (January 6, 2006). "Verizon closes book on MCI merger franchise". CNET. Retrieved November 27, 2013.
  4. ^ a b c d e John Gallant (May 13, 2013). "Verizon Enterprise chief: We're headed for cloud computing's A-list President John Stratton says ability to build infrastructure at scale presents huge opportunities for Verizon in mobility, security, Internet of Things". Network World. Retrieved February 24, 2014.
  5. ^ "Verizon Enterprise Solutions Company Profile". Hoover's. Retrieved March 2, 2014.
  6. ^ a b Timothy Prickett Morgan (October 3, 2013). "Verizon Takes On AWS With Homegrown Cloud Code". EnterpriseTech. Retrieved February 28, 2014.
  7. ^ a b c "Verizon Communications Fact Sheet" (PDF). September 30, 2013. Retrieved October 25, 2013.
  8. ^ a b c Yevgeniy Sverdlik (January 15, 2013). "Verizon Adds Cloud Data Centers in Dallas and London". Datacenter Dynamics. Retrieved April 10, 2014.
  9. ^ Nathesh (February 1, 2011). "Verizon Offers Customers More Capacity with Submarine Cable Upgrade". Cable Spotlight. Retrieved March 3, 2014.
  10. ^ "Executive Profile: John G. Stratton". Bloomberg Businessweek. Retrieved June 9, 2014.
  11. ^ Sean Buckley (April 21, 2014). "Verizon taps Avaya veteran Chris Formant to oversee enterprise business". FierceTelecom. Retrieved May 14, 2014.
  12. ^ Munce, Megan (September 5, 2022). "Verizon Business CEO Sowmyanarayan Sampath talks the state of 5G in Houston and how businesses can take advantage of it". Houston Chronicle. Retrieved October 6, 2022.
  13. ^ "Verizon announces senior management changes". www.verizon.com. 2023-03-03. Retrieved 2023-03-21.
  14. ^ a b c "Company Overview of Verizon Enterprise Solutions, Inc". Bloomberg Businessweek. Retrieved May 14, 2014.
  15. ^ Sean Buckley (November 1, 2010). "Verizon Business incorporates Ethernet into its managed network lineup". FierceTelecom. Retrieved 30 May 2014.
  16. ^ a b c d Mitch Wagner (May 12, 2014). "Verizon Brings Thunder to the Cloud". Light Reading. Retrieved May 13, 2014.
  17. ^ Carol Wilson (April 9, 2014). "Verizon Connects Cloud With On-Demand WAN". Light Reading. Retrieved April 10, 2014.
  18. ^ Thor Olavsrud (April 19, 2012). "Verizon's IP VPN Opens a New World of Wireless Possibilities". PC World. Retrieved May 19, 2014.
  19. ^ a b c "Terremark CEO Resigns, Former Verizon Cloud Director Named Successor". The Whir. May 20, 2011. Retrieved April 10, 2014.
  20. ^ a b Nate Cochrane (October 9, 2013). "Verizon to scout Australian cloud". Sydney Morning Herald. Retrieved April 13, 2014.
  21. ^ "Long Road From Cuba". Sramana Mitra. October 28, 2009. Retrieved March 3, 2014.
  22. ^ Kirsner, Scott (August 25, 2011). "Verizon buys CloudSwitch, Burlington start-up that set out to make cloud services safe for big companies". Boston.com. Retrieved February 5, 2014.
  23. ^ "Verizon acquires Terremark, CloudSwitch". FierceTelecom. 14 December 2011. Retrieved 5 February 2014.
  24. ^ Serdar Yegulalp (October 3, 2013). "Verizon challenges Amazon with Verizon Cloud". InfoWorld. Retrieved April 10, 2014.
  25. ^ Vance McCarthy. "Verizon Revamps IaaS, Cloud Storage To Better Manage, Secure & Meet App SLAs". Integration Developer News. Retrieved May 13, 2014.
  26. ^ Larry Dignan (April 9, 2014). "Verizon launches private IP cloud interconnect service". ZDNet. Retrieved May 13, 2014.
  27. ^ Sawers, Paul (6 December 2016). "Equinix to buy 24 data center sites from Verizon in $3.6 billion deal". VentureBeat. Retrieved 30 March 2023.
  28. ^ a b Jack Wallen (January 14, 2014). "Five ways Verizon is helping to drive M2M towards the future". TechRepublic. Retrieved May 12, 2014.
  29. ^ a b Kristin Bent (June 10, 2013). "Machine-To-Machine Technology Is Here: You Don't Have To Imagine The Opportunities". CRN Magazine. Retrieved 12 May 2014.
  30. ^ Andrew Berg (October 6, 2010). "Verizon Offers M2M Management Solution". Wireless Week. Retrieved March 3, 2014.
  31. ^ Darren Murph (June 3, 2013). "Verizon's Innovation Center: Incubating the next generation of connected devices keeps the 'dumb pipe' naysayers at bay". Engadget. Retrieved June 9, 2014.
  32. ^ Eric Blattberg (May 29, 2014). "Verizon thinks its cloud is better than yours — and it may be right". VentureBeat. Retrieved June 9, 2014.
  33. ^ Katherine Tweed (August 21, 2012). "Verizon's Utility Offerings: Moving Far and Wide Beyond the Meter". GreenTech Media. Retrieved June 9, 2014.
  34. ^ "Verizon completes takeover of Hughes Telematics". Telecom Engine. August 1, 2012. Retrieved May 13, 2014.
  35. ^ Dan Meyer (March 15, 2013). "Verizon taps Hughes acquisition for fleet management solution". RCR Wireless News. Retrieved May 12, 2014.
  36. ^ Eric Blattberg (October 3, 2013). "Verizon plays catch up with new cloud compute, storage offerings". VentureBeat. Retrieved April 10, 2014.
  37. ^ John Dix (May 14, 2013). "View from inside Verizon's security SWAT team". Network World. Retrieved June 9, 2014.
  38. ^ Ashley Bennett (February 28, 2014). "Verizon launches new Cyber Intelligence Center". GSN: Government Security News. Retrieved June 9, 2014.
  39. ^ "Verizon Expands Cloud-based Identity Platform". SecurityWeek. October 15, 2013. Retrieved April 10, 2014.
  40. ^ Michelle Maisto (November 19, 2013). "Verizon Launches Enterprise Solution to Secure Connected Everything". eWeek. Retrieved April 10, 2014.
  41. ^ "Business Products".
  42. ^ "Compare Coupons, Credit Cards & Travel - Move Your Money Project". Archived from the original on 2015-07-08. Retrieved 2015-07-08.
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