Verizon recently closed its previously announced acquisition of Terremark, clearing the way for the former company to lead the global managed IT infrastructure and cloud services market.
The acquisition was completed via a short-form merger under Delaware law; therefore, no Terremark shareholder vote was required.
Terremark will operate as a wholly owned subsidiary of Verizon.
Terremark, which will continue to be based in Miami, will help fuel overall Verizon growth by accelerating the company’s strategy to provide “everything-as-a-service” to business and government customers globally.
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