Company Experiencing Continued Strong Customer Demand from Federal and Enterprise Customers
MIAMI, Apr 26, 2010 (BUSINESS WIRE)—Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading global provider of managed IT infrastructure services, today announced it has launched construction of the third datacenter at its Network Access Point (NAP) of the Capital Region campus. With more than 75 percent of the datacenter space within the campus' existing facilities contracted and a robust pipeline for Terremark's leading-edge IT infrastructure solutions from Federal government agencies and large enterprises, the company commenced construction on the campus' third 50,000-square-foot facility.
Terremark will initially invest approximately $45 million to build out the facility, which will provide the company additional world-class datacenter space from which to offer its complete suite of IT solutions, including its Enterprise Cloud, colocation, managed hosting, disaster recovery/COOP and secure information services. The construction of the third datacenter ensures Terremark's ability to continue providing top-tier raised-floor space to maximize the opportunities available from its continuously growing pipeline, which reflects the healthy demand for its industry-leading services.
"The success of our NAP of the Capital Region campus has surpassed our initial expectations, and we believe the expansion of our datacenter footprint there will serve as a key catalyst for the continued growth of our company," said Manuel D. Medina, Terremark's Chairman and CEO. "Our position as the leading cloud computing provider for Federal government agencies, along with the heightened drive for greater efficiency for IT systems within the U.S. government and the increase in IT spending trends among enterprises, has helped fuel our success in Virginia. These key market drivers combined with our proven ability to reliably provide public and private-sector customers with world-class IT infrastructure solutions from an ultra-secure datacenter campus continue to drive positive results for Terremark, and we expect this new facility to help us build on that success."
With its strategic location 60 miles outside of Washington D.C., the NAP of the Capital Region campus is currently home to two, 50,000-square-foot datacenter facilities built to exceed Federal government standards for data communications and hosting sites and a 72,000-square-foot administration building. Since opening in June 2008, the datacenter campus' significant levels of security and highly reliable infrastructure design have resulted in a variety of Federal government agencies and enterprise customers deciding to leverage the powerful combination of its hardened physical features with Terremark's innovative set of services as the ideal solution for their IT infrastructure needs.
About Terremark Worldwide, Inc.
Terremark Worldwide (NASDAQ:TMRK) is a leading global provider of IT infrastructure services delivered on the industry's most robust and advanced technology platform. Leveraging data centers in the United States, Europe and Latin America with access to massive and diverse network connectivity, Terremark delivers government and enterprise customers a comprehensive suite of managed solutions including managed hosting, colocation, disaster recovery, security, data storage and cloud computing services. Terremark's Enterprise Cloud computing architecture delivers the agility, scale and economic benefits of cloud computing to mission-critical enterprise and Web 2.0 applications and its DigitalOps(R) service platform combines end-to-end systems management workflow with a comprehensive customer portal. More information about Terremark Worldwide can be found atwww.terremark.com.
Statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Terremark's actual results may differ materially from those set forth in the forward-looking statements due to a number of risks, including its ability to cross-sell across an acquired customer base, ability to increase revenue yields within facilities, ability to refinance existing debt, uncertainties and other factors, as discussed in Terremark's filings with the SEC. These factors include, without limitation, Terremark's ability to obtain funding for its business plans, uncertainty in the demand for Terremark's services or products, Terremark's ability to manage its growth, and the successful integration of operations of acquired companies. Terremark does not assume any obligation to update these forward-looking statements.
SOURCE: Terremark Worldwide, Inc.
Terremark Worldwide, Inc.
Xavier Gonzalez, 305-961-3134
Hunter Blankenbaker, 305-961-3109