Red-hot chipmaker AMD pops on surprise Q2 profit >>> READ MORE

5 Things to Know About the New Verizon Cloud

Users can customize their virtual machines.


Verizon Communications (NYSE:VZ)Verizon (VZ) announced its new cloud services at the Interop New York conference on Thursday. The new services are set to mix up the standards being used by Amazon (AMZN), Google (GOOG) and Microsoft (MSFT) for their cloud services. Here are five things to keep in mind about Verizon’s new cloud services.

  1. The two new services are called Verizon Cloud Compute and Verizon Cloud Storage
  2. Users will be able to choose how much computing power, storage and memory capacity they want for their Virtual Machines (VM), which makes prices more fine tuned. This is different from the small, medium or large VMs offered by Verizon’s competitors.
  3. The service will allow users to use VMs from different hypervisors to run on its services.
  4. Data centers will be located in Culpepper, Va., Santa Clara, Calif., Denver, Miami, London, Amsterdam and Sao Paulo, Brazil. Data centers will be available in Asia in 2014.
  5. The new services will be launched in beta form during this year’s fourth quarter.

With Verizon’s new cloud services offering fine tuned pricing, some of its competitors may choose to do the same with their own services.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC