Verizon brings Private IP service to Equinix data centers

Verizon (NYSE: VZ) is extending its Private IP service to Equinix's (Nasdaq: EQIX) International Business Exchange (IBX) data centers worldwide to accommodate the growth of cloud computing and software-as-a-service (SaaS) applications.

This agreement, which will offer fully integrated solutions by the end of the year, has benefits for both Verizon and Equinix.

Already offering the Private IP service in 147 countries and territories in six continents, Verizon will be able to leverage Equinix's wide-reaching data center footprint to serve an even larger customer base.

Likewise, Equinix said that its customers can use Verizon's network to connect to over 300 cloud service providers inside their data centers.

One of the value-added capabilities Verizon can bring to the table will be 100 Gigabit Ethernet capabilities it recently added to the Private IP service.

In addition to faster speeds, a customer will now be able get performance SLAs and Class of Service (CoS) for video and cloud services. Prior to the 100G upgrade, Verizon only offered CoS for voice services.

For more:
- see the release

Special report: Grading the top 13 wireline service providers in Q1 2013

Related articles:
Verizon FiOS additions drove up consumer revenue 4.3% to $3.6 billion
Report: Verizon's FiOS, wireless will drive up Q1 EPS by 11.8 percent
Report: AT&T, Verizon retain dominant spots in cloud market
Verizon FiOS lifts wireline consumer revenues to $14 billion in 2012