Verizon (NYSE:VZ) is stepping up its efforts to become a leading player in cloud services: Big...

Verizon (NYSE:VZ) is stepping up its efforts to become a leading player in cloud services: Big Red is acquiring CloudSwitch, a developer of software that makes it easier for companies to move applications to cloud platforms such as Amazon Web Services (NASDAQ:AMZN), Microsoft's (NASDAQ:MSFT) Azure, and Verizon's own Terremark offerings.