NEW YORK - Verizon Business has announced a collaboration with Xerox (NASDAQ:XRX) Holdings Corporation (NASDAQ: XRX) to implement its Network as a Service (NaaS) Solutions framework, aiming to advance Xerox's business transformation and operational model. This strategic move will allow Xerox to dynamically scale its network resources, thereby enhancing IT efficiency and fostering innovation and growth within the company.
Massimo Peselli, Chief Revenue Officer at Verizon Business, stated that their intelligent network framework is tailored to empower enterprises to adapt to the future of network services with unmatched flexibility and scalability.
Verizon's NaaS Solutions offer a secure network platform that can drive operational efficiencies and adapt quickly, featuring a variety of pre-configured and managed services on a subscription-based consumption model.
Louie Pastor, Chief Transformation & Administrative Officer at Xerox, emphasized the importance of simplifying systems to achieve enterprise-wide efficiency and scalability. By deploying Verizon's NaaS as their global network infrastructure, Xerox aims to maintain its position at the forefront of innovation while driving efficiencies across its global footprint.
The service will encompass over 300 Xerox and Xerox Business locations worldwide, underpinned by Verizon's next-generation global network infrastructure, which adheres to Zero Trust principles for technology reinvestment.
Verizon Business will provide Xerox with internet connectivity and a comprehensive suite of managed services through NaaS Solutions, including Wide Area Network (WAN), Local Area Network (LAN), and Wireless LAN (WLAN), in addition to other services like Verizon Care.
Adopting a subscription-based model, Xerox will be able to avoid substantial upfront investments typically associated with traditional networking infrastructure, which provides greater flexibility for strategic resource allocation.
Today's announcement further strengthens Verizon's commitment to its network-as-a-service foundation and supports its growth vectors, including private networks, mobile edge compute, and business solutions. Verizon Communications Inc. (NYSE, Nasdaq: NYSE:VZ), with its global IP network spanning over 1 million route miles, continues to be a leading provider of technology and communications services, generating revenues of $134.0 billion in 2023.
The information in this article is based on a press release statement.
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