CornerStone Signs Cloud Reseller Agreement With Verizon

CornerStone Telephone Company, a provider of advanced communications services, is now working with Verizon Global Wholesale to provide cloud-computing services to CornerStone's business customers.

Under the agreement, CornerStone will resell an enterprise-class cloud service from Terremark, Verizon's IT services subsidiary.  The service, to be sold under CornerStone's SkySphere brand, will help its customers efficiently and securely manage on-demand computing resources to meet dynamic business requirements while paying only for the resources consumed.

"CornerStone's reseller agreement with Verizon bolsters our already robust portfolio of advanced business information technology and cloud solutions," said Don Walsh, chief technology officer, CornerStone.  "This addition to our portfolio will enable CornerStone to meet customer demand with a proven cloud platform that meets customers' connectivity, redundancy, security and support requirements."

Specifically, CornerStone will resell Terremark's Enterprise Cloud, a Web-based service that provides a self-managed dedicated pool of computing resources.  The service is currently supported by data centers in North America, Latin America and Europe.  The new cloud service joins CornerStone's broad portfolio of reliable business communications solutions, including telephony, Internet, Web hosting, data center services, and cloud-based applications, such as hosted desktop, email encryption, e-commerce and customer relationship management.

"Enterprises of all sizes are recognizing the business and economic benefits of cloud computing," said Mike Millegan, president, Verizon Global Wholesale.  "This agreement with CornerStone underscores our commitment to delivering the advanced services our customers want to offer, and more importantly, the transformational value of cloud computing."

Verizon Global Wholesale, part of Verizon Enterprise Solutions, offers a comprehensive portfolio of voice, data, Internet and advanced IT and security solutions to carriers, local service providers, Internet service providers, aggregators, integrators, resellers and content providers around the globe.  Visit the Verizon Global Wholesale website for more information.

About CornerStone Telephone Company
Established in 2001, CornerStone Telephone Company is an integrated communications provider specializing in services for business and enterprise customers in New York, Massachusetts and Pennsylvania. The company, with over 120 employees and 13,000 customers, is headquartered in Troy, N.Y. with offices in Syracuse, Oneonta, New York City, Poughkeepsie and Richmond, Massachusetts, and was voted fastest growing mid-size company and one of the Best Places to Work in the New York State Capital Region in 2007, 2008 and 2010. For more information, visit www.cstel.com.

About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, with nearly 108 million total connections nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500.  A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of nearly 194,000.  For more information, visit www.verizon.com.