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Verizon has made its biggest investment in cloud computing ever, agreeing to acquire the cloud-based software and hardware company Mediateks.
The US telecommunications giant will acquire Mediateck’s cloud-enabled platform, which helps companies and individuals manage and manage their data, for US$80 million ($115.2 million) in cash and stock.
The deal will help Verizon expand its cloud-driven services offering, which includes its internet and mobile devices, as well as its medical devices, medical devices and software, and its cloud service.
The acquisition will help MediateK further develop its cloud services and help Verizon achieve its goal of becoming a cloud provider of the future.
Verizon’s announcement comes on the heels of a major $US100 million deal between the company and Microsoft that was announced last month.
The deal, which is expected to close in the first quarter of 2019, is believed to include Mediatebs cloud-centric healthcare offering, called Mediatekt.
The acquisition is expected “to expand Verizon’s healthcare offerings to include cloud-powered devices, devices for managing patient care, and devices for the healthcare industry”, Verizon said in a statement.
“Verizon is proud to be a part of the new Mediateak family of products that will enable us to leverage the power of cloud to deliver superior healthcare solutions,” Verizon Healthcare CEO John Stephens said.
Verify has also been investing in its cloud computing efforts, launching its own cloud computing cloud service in April 2019, and earlier this year launching a cloud computing offering for the pharmaceutical industry.
The Mediateket cloud computing product allows companies to quickly deploy software applications, data, images, videos and other resources across a vast amount of devices and devices in a way that’s easy to manage.
It is similar to the cloud computing technology used by Microsoft Azure, Amazon Web Services and others.
“Today’s news also marks a new chapter in our journey as an innovator and company that has taken a leading position in the healthcare marketplace,” Stephens said in the statement.
The new deal is the latest in a series of acquisitions that have brought Verizon’s cloud computing capabilities to a larger audience.
In April 2019 the telecommunications company announced a deal to buy cloud computing giant Google.
That deal, called the Google Cloud Platform, brought Google’s cloud to a much wider audience.
It also gave Verizon a powerful new cloud-oriented computing platform for medical device applications.
Verizon also acquired Google’s mapping and location technology in June 2018.
Verizon has also launched a new cloud service, Mediateg, for the medical device industry.
Verity also launched its own video messaging platform, video chat, video calling, and mobile video calling in November 2018.
The company has also expanded its cloud gaming offerings, launching a gaming platform called Azure Game Studios in April 2018.
Verified has also recently launched its cloud platform for its medical device business, called Verify, in the US.
Verifying has said it aims to become a cloud-connected healthcare platform by 2020.
Verifier is an enterprise-class cloud-native software platform designed for health care providers, health insurers, healthcare IT companies and others who need to access, manage, and communicate with large numbers of medical devices.
Verifies cloud computing and healthcare services are currently being used by health insurers to provide health care services.
The company said that the Mediatekin cloud platform is designed to allow the company to leverage cloud-scale capabilities to deliver the best healthcare services possible.
The cloud-hosted platform is capable of delivering advanced analytics, access to enterprise tools and services, as it allows the company’s medical devices to seamlessly integrate with other healthcare devices, including smartphones and tablets.
The platform also has the capacity to support high-volume healthcare applications, including virtual healthcare environments.
Verification’s cloud platform enables the company, through its cloud partners, to provide a full suite of health services, including billing, monitoring, payments and billing, billing administration, patient care management, device management, and patient education and information management.
The $US40 billion acquisition by Verizon, which was completed in April, comes as Verizon is preparing to launch its first cloud-led healthcare offering.
Verizon’s plan is to launch Mediategg, a cloud platform that will offer the cloud services to healthcare IT and other healthcare providers, including the pharmaceutical and medical device industries.
Verifers cloud offering will be built on the Mediatedk platform, based on the cloud infrastructure technology that is used in Microsoft Azure and Google Cloud Services, which are owned by Google parent company Alphabet.
Verizon said the new platform will be able to integrate Mediatega, Medianta and Mediateb.
Veriis cloud offering also aims to provide healthcare IT providers with cloud-level security and privacy.
It will also help improve healthcare IT security, speed up healthcare IT deployments and allow for more efficient billing.
Verices cloud offering comes at a time when healthcare IT services are increasingly moving