News: 2016 is quickly turning into the year of cloud closures.
Verizon is shutting down some of its cloud services as it joins a growing list of cloud vendors that are consolidating their portfolio.
The company will be shutting down its Public Cloud and Reserved Performance Cloud services on the 12th of April, giving customers two months to migrate away from them.
This won’t be a total withdrawal from the cloud market though, with the company continuing to offer Verizon Virtual Private Cloud and Verizon Cloud Storage.
In a note to subscribers the company said: "On April 12, 2016, Verizon will shut down any virtual servers running on Public Cloud or Reserved Performance Cloud Spaces. Please take steps now to plan for migration to VPC or another alternative before the discontinuation date.
"Verizon will retain no content or data remaining on these Cloud Spaces after that date and any content or data that you do not transfer prior to discontinuation will be irrecoverably deleted."
Verizon has recently been linked with a number of big changes including reports of a potential purchase of Yahoo assets.
In addition to this potential acquisition the company completed a deal for AOL in may 2015 for around $4.4 billion.
It has also been reported that the company has launched an auction to divest its data centres as it looks to focus on its core business.
The company’s US data centre sale could yield over $2.5bn and would include the data centre portfolio it secured from its $1.4bn purchase of Terremark Worldwide in 2011.
Late last year the company sold of its landline phone, ISP and television service.
Verizon isn’t the only cloud vendor to call it quits on some of its cloud services, dotCloud recently revealed to its users that it will be ending its services on the 29th of February due to financial troubles.
In October HPE said that it would be closing down its Helion Public Cloud while Adobe killed off its cloud photo storage service Revel.
These are far from the only examples with others such as Square Enix shutting down its cloud-based gaming service Shinra Technologies. The growing trend appears to suggest that an increasing number of vendors are struggling to compete in the cloud.
This comes despite Gartner predicting the growth of the SaaS market by 20.3% to $37bn, IaaS growing by 38.4% to be worth $22.4bn and PaaS to grow by 21.1% to $4.6bn.
A spokesperson for Verizon told CBR: "Verizon is discontinuing its cloud service that accepts credit card payments on April 12. Verizon remains committed to delivering a range of cloud services for enterprise and government customers and is making significant investments in its cloud platform in 2016."