Verizon cozies up with Cloud Foundry as PaaS market heats up

Verizon, which just recently launched a major overhaul to its cloud platform, today announced plans to integrate the VMware/EMC-backed Cloud Foundry open source platform as a service (PaaS) initiative into its offering. Here's why that news is important: the PaaS market is getting awfully crowded, awfully fast. Seen by many as a secondary player in the cloud compared to the much larger and more robust IaaS and SaaS markets, the PaaS industry has in recent months become a focus for many of the leading cloud computing vendors.PaaS could be an important initiative in the cloud because of what it enables. Most PaaSs are a cloud-based application development platform used to build apps that are hosted in the cloud.