Verizon announced on Thursday its public cloud and cloud-based object storage service. These two services are named, Cloud Compute and Verizon Cloud Storage. Verizon said that it took them about 5 years of client feedback before they are able to build a cloud platform from the ground up. The cloud platform is based on Xen hypervisors and borrows heavily from CloudStack.

With Verizon Cloud Compute, users can create a VM in seconds and they’ll only pay for what they need. Users can control network performance, configure storage performance, and attach storage to multiple VMs.

Verizon Cloud Storage is a multi-tenant storage platform for cloud-based applications.

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