Verizon Business

Verizon Business. It is a division of Verizon Communications focused on providing advanced communications, technology, and security services to enterprise, government, and wholesale customers globally. The unit was formed through the merger of the enterprise assets of MCI Inc. and Verizon Communications following the dissolution of the MCI-Verizon Business integration. It operates one of the world's most extensive IP network backbones and is a leader in managed network and security services.

History

The entity's origins trace back to the legacy long-distance and data networks of MCI Communications, which was acquired by WorldCom in 1998. Following WorldCom's bankruptcy and scandal, the reorganized MCI Inc. was acquired by Verizon Communications in 2006 for approximately $8.5 billion. This acquisition combined Verizon Communications' domestic assets with MCI Inc.'s global IP network and enterprise customer base, creating a formidable competitor to AT&T Business. Key subsequent milestones included the 2011 sale of its terrestrial data center assets to Equinix and the 2017 acquisition of the global enterprise services division of XO Communications. The division has continually evolved, notably with the integration of wireless assets from the Verizon Wireless partnership and a strategic pivot towards 5G and multi-cloud solutions.

Services

Its portfolio encompasses a comprehensive suite of connectivity, security, and collaboration solutions. Core offerings include secure wide area network services leveraging its global MPLS and Software-defined networking platforms, such as SD-WAN. It provides extensive Internet access, Ethernet services, and private IP network solutions. The division is a major provider of unified communications and contact center services, often powered by platforms like Cisco Webex. A significant focus is on managed security services, including distributed denial-of-service mitigation and cyber security consulting, supported by its global network of Security Operations Centers. It also offers Internet of Things solutions and application hosting, with a growing emphasis on edge computing and 5G mobility services for enterprises.

Corporate structure

The division operates as a core segment within the publicly traded parent company, Verizon Communications, and is headquartered in Basking Ridge, New Jersey. Leadership has included executives such as Tami Erwin and, as of 2023, Sowmyanarayan Sampath. It is organized into major customer groups including Global Enterprise, Public Sector, and Medium Business, supported by specialized units for Wholesale and Partner Solutions. The division works closely with other Verizon groups, such as Verizon Consumer Group and Verizon Media, and leverages technology from the Verizon Communications research wing, Verizon Labs. Its operations are supported by a vast global fiber-optic cable network and numerous points of presence in key markets like London, Frankfurt, and Hong Kong.

Competition

It faces intense rivalry in the global enterprise telecommunications market. Its primary competitor is AT&T Business, along with other major carriers like Lumen Technologies and British Telecom's BT Global Services. In cloud and managed service segments, it competes with technology giants such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The cyber security services market brings it into competition with firms like Palo Alto Networks, CrowdStrike, and Fortinet. For SD-WAN and network services, rivals include Cisco Systems, VMware, and Aryaka Networks. The division also contends with regional telecommunications providers and system integrators like Accenture and Deloitte in large digital transformation deals.

Notable projects and clients

The division supports critical infrastructure for numerous Fortune 500 companies and U.S. federal agencies, including the Department of Defense and the Department of Homeland Security. It was a key connectivity provider for the New York Stock Exchange and has partnered with the National Football League to deploy 5G technology in stadiums. Other significant engagements include providing global managed network services for Procter & Gamble and securing the network infrastructure for JPMorgan Chase. It has also been involved in smart city initiatives, such as a partnership with the City of Boston, and supports major events like the Super Bowl with temporary network enhancements. The division's work with NASA on communications projects further highlights its role in supporting advanced research and public sector missions.

Category:Verizon Category:Telecommunications companies of the United States Category:Companies based in Somerset County, New Jersey Category:2000 establishments in New Jersey