Verizon and IBM have expanded their relationship to offer Managed Data Vault, a new private cloud service that provides daily backups and fast recovery of enterprise information.

The companies said that the new offering automatically transfers data from a client location to a specially designed off-site data centre via Verizon’s secure high-speed private network.

Verizon will provide its suite of private data network offerings along with data centre expertise, IT consulting services and application-aware capabilities, while IBM will supply backup infrastructure and management capabilities.

According to Verizon, the new service is suitable for financial, retail and health care services markets and to a diverse mixture of applications, databases and operating system (OS) support services. It comes with IT consulting services support to help organisations manage through this process.

Kerry Bailey, chief marketing officer of Verizon Business, said: Through this exclusive relationship with IBM we are meeting a void in the online data protection market. We know that enterprise clients struggle with how to efficiently back up and restore data securely while mitigating the inherent risks such as loss of data.

“By working with IBM as part of our overall cloud strategy, we are bringing to market an innovative solution that will help our clients maintain the stability of their business.