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Google names Verizon a Gold Verified Peering Provider for optimized connectivity to cloud apps

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Verizon has been named a Gold Verified Peering Provider (VPP) by Google, allowing it to offer optimized connectivity services to Google applications like Google Workspace, Google Cloud, and Google APIs.

As a Gold VPP, Verizon can provide simplified and reliable connectivity to Google's services, benefitting customers who prefer offloading the complexities of network management. This designation is the highest tier within Google's VPP program, demonstrating Verizon's extensive and diverse connectivity capabilities across multiple metropolitan areas.

Verizon's secure and efficient broadband services aim to reduce latency and enhance the customer experience, particularly for those involved in latency-sensitive operations such as secure access service edge (SASE) and SD-WAN migrations.

Google recognizes Verizon's global network footprint and enterprise connectivity offerings as ideal for providing high-quality connectivity services to mutual customers.

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Positive

  • Verizon named a Gold Verified Peering Provider by Google, the highest designation available.
  • Gold VPP status implies physically diverse connectivity to Google in multiple metropolitan areas.
  • Verizon can offer optimized, reliable, and secure connectivity to Google applications like Google Workspace and Google Cloud.
  • Customers benefit from simplified network management, reducing complexity and operational burdens.
  • Verizon's services are particularly beneficial for latency-sensitive operations such as SASE and SD-WAN migrations.

Negative

  • The PR does not mention any immediate financial gain or revenue impact from the Gold VPP designation.
  • The complexities and costs associated with maintaining high-tier peering standards may affect operational expenses.

News Market Reaction

-0.41%
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-0.41% News Effect

On the day this news was published, VZ declined 0.41%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

What you need to know:

  • As a Verified Peering Provider (VPP), Verizon can offer its unmatched broadband networking services to Google customers for simplified, optimized connectivity to Google applications such as Google Workspace, Google Cloud, or Google APIs
  • VPP is an alternative to Direct Peering. Direct Peering requires customers to establish and maintain connectivity to Google applications themselves, managing complex routing designs and operational requirements in-house. VPP simplifies these processes for customers by offloading these responsibilities to a network provider such as Verizon.
  • Gold VPP status is the higher tier of two service designations. It is assigned to Internet Service Providers with physically diverse connectivity to Google in multiple metropolitan areas. Silver Verified Peering Providers have physically diverse connectivity to Google in a single metropolitan area.

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Verizon Business and Google have announced that Verizon has been named a Gold Verified Peering Provider, the highest designation assigned to internet service providers (ISPs) who can provide connectivity to Google services.

As a Google Verified Peering Provider (VPP), Verizon can offer its Internet services to Google customers who want simplified, highly reliable connectivity to Google services and applications such as Google Workspace, Google Cloud, and Google APIs. A customer who uses a VPP is able to offload the complexities of establishing, maintaining, and optimizing its connectivity to Google services, assigning those responsibilities to the VPP as opposed to managing them in-house.

This is especially helpful for customers whose operations incorporate latency-sensitive secure access service edge (SASE) or complex SD-WAN migrations involving Google Cloud. Verizon’s secure, highly reliable enterprise-grade ISP capabilities can provide primary connectivity and backup redundancy to ensure these operations are carried out with low latency, high efficiency, and minimal distraction from the customer’s core business activities.

“Google’s VPP program lines up well with Verizon Business’ customer-centric approach to enterprise networking, which emphasizes reducing complexity for the end user and providing a seamless, secure, and highly reliable connectivity experience. We’re proud to offer Google customers our unmatched broadband capabilities as a Gold Verified Peering Provider,” said Kyle Malady, CEO, Verizon Business.

“We at Google are excited to welcome Verizon as a Gold level Verified Peering Provider. Verizon's global network footprint, breadth of enterprise connectivity offerings and deep interconnection to Google's network make them an ideal partner for our program, and for our mutual customers looking for the best possible connectivity experience to Google," said Bikash Koley, Vice President, Google Global Networking.

Verizon’s Gold VPP designation, the higher of two tiers, means it offers physically diverse connectivity to Google in multiple metropolitan areas. The VPP program has rigorous technical requirements and standards of service, which are detailed on Google’s website.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed in 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $134.0 billion in 2023. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, and security.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Matt Conte
Matthew.conte@verizon.com
(917) 848-3040


FAQ

What does it mean for Verizon to be a Gold Verified Peering Provider?

Being a Gold Verified Peering Provider (VPP) means Verizon offers optimized, reliable connectivity to Google applications with physically diverse connections in multiple metropolitan areas.

What are the benefits of Verizon's Gold VPP status?

Verizon's Gold VPP status provides simplified, secure, and efficient connectivity to Google services, reducing network management complexities and ensuring low-latency, reliable connections.

How does Verizon's Gold VPP status benefit customers?

Customers benefit from offloading the complexities of network management to Verizon, ensuring reliable and efficient connectivity to Google applications and reducing operational burdens.

Which Google services are optimized by Verizon's Gold VPP status?

Verizon's Gold VPP status optimizes connectivity to Google Workspace, Google Cloud, and Google APIs.

When was Verizon named a Gold Verified Peering Provider?

Verizon was named a Gold Verified Peering Provider on June 3, 2024.

How does Verizon’s Gold VPP status affect its stock symbol VZ?

While the press release does not detail immediate financial impacts, the designation could enhance Verizon's market reputation, potentially influencing investor confidence in VZ.
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