Verizon Business is a division of Verizon, privately owned and headquartered in the US. Founded in 1988, the company employs approximately 24,940 individuals and reported $29.5B in revenue as of 2024. The company specializes in telecoms, providing services and products for Verizon's business and government clients around the world.

2024 Revenue

Founded

1988

Headcount

24,933

Headquarters

US

Primary Segment

Telecoms

Ownership

Privately Owned

Deployments

2

News Summary:

Verizon Business CEO and EVP Kyle Maladay assumed the chairmanship of the CTIA wireless industry association on an immediate basis, succeeding Laurent Therival. Verizon's Visible brand introduced Visible Inner Circle group mobile plans, enabling customers to link up to seven accounts for cost savings without requiring a single bill or primary account holder. Verizon partnered with Hyfi, a flood sensor startup, to launch a preventative flood monitoring system in Chicago. This system uses approximately 50 low-cost sensors operating on Verizon's 5G network. Hyfi joined Verizon's Frontline Innovation Programme. Verizon also announced plans to open a new headquarters in New York City's Penn 2 office tower, leasing over 195,000 square feet of space to accommodate approximately 1000 employees starting in 2026.

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Verizon Business offers 3 products in the telecoms tech, media and telecoms services and connectivity and cloud industries. Verizon Business's product portfolio comprises of enterprise security, enterprise connectivity services and telecoms.
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Verizon Business's revenues were over $1B in 2024. Caretta Research has split Verizon Business's revenue into 4 different product categories, the largest of which is enterprise fibre and private IP. For full access to Verizon Business's revenue breakdown subscribe to Caretta Portal.
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Verizon Business's customers primarily consist of government Administration and iT Services and IT Consulting companies. Examples of Verizon Business's customers include U.S. Department of Homeland Security (DHS) and Wipro. Verizon Business has partners like Deloitte. Verizon Business has suppliers like Arcadyan.

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Example Partners

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