Verizon Business is a division of Verizon Communications that provides a wide range of services and products tailored for business and government clients. It was initially formed as Verizon Business in January 2006 and later rebranded as Verizon Enterprise Solutions on January 1, 2012. In January 2019, Verizon reorganized into three units, including the Verizon Business Group[1]. ### Key Features and Services - Networks: Verizon Business offers Private IP services, managed WAN and LAN services, and operates a global IP network reaching over 150 countries[1]. - Connected Devices: The company provides machine-to-machine (M2M) solutions, including digital signage, smart cities, smart meters, fleet management, and asset tracking. It acquired Hughes Telematics in June 2012 to enhance its telematics capabilities[1]. - My Business Wireless: This platform allows businesses to manage their wireless accounts online, including shopping for devices, making payments, viewing invoices, and monitoring data usage[2]. - Global Presence: Verizon Business has a significant global footprint, with operations in over 75 countries and a network spanning more than 150 countries[1]. ### Leadership and Financials - Leadership: Tami Erwin leads Verizon Business as part of the company's reorganization into three distinct units in 2019[1]. - Financials: As part of Verizon Communications, the company contributes to the overall revenue, which was $134.0 billion in 2023[3]. Verizon Business itself generated $7.3 billion in revenue in the second quarter of 2024[3]. ### Corporate Overview - Headquarters: While Verizon Communications is headquartered in New York City, Verizon Business is based in Basking Ridge, New Jersey[1][5]. - Parent Company: Verizon Communications is one of the world's largest telecommunications companies, serving nearly all Fortune 500 companies and operating in over 150 countries[3][5].