Verizon Gets Johnson Controls Deal

It wins an IP management pact.
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Verizon (VZ) - Get Report got a five-year, $100 million deal to manage Internet protocol-based communications at auto components maker Johnson Controls (JCI) - Get Report.

Verizon Business is extending its nine-year relationship with Johnson Controls to deliver Private IP, IP VPN, Internet and voice services. Verizon Business will expand the company's Private IP network in the Asia-Pacific region. This expanded footprint, coupled with the introduction of Verizon Secure Gateway, will enable Johnson Controls' employees around the world to securely and seamlessly communicate with each other across their global IP network, Verizon notes.