Evaluation Based on Completeness of Vision and Ability to Execute
MIAMI, Jan 03, 2011 (BUSINESS WIRE) — Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading global provider of managed IT infrastructure services, today announced that it has been positioned by Gartner, Inc. in the leaders quadrant in the Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting, 2010 report1. The Magic Quadrant depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner.
According to Gartner’s report, “Leaders have proved they have staying power in this market, can frequently innovate on their existing products and can be relied on for enterprise-class needs. They have proved their technical competence and ability to deliver services to a wide range of customers. They address multiple use cases well. New managed hosting customers should sign two-year contracts with these companies. Satisfied customers renewing a contract with one of these firms should sign a three-year deal. Cloud IaaS customers should buy these services on demand, or in contracts of one year or less.”
“We believe our positioning in the leaders quadrant underscores our standing as one of the industry’s top providers of comprehensive managed solutions that combine services ranging from colocation and cloud computing to managed hosting and information security,” said Manuel D. Medina, Chairman and CEO of Terremark. “The leading-edge services we offer are tailored to meet the complex needs of enterprise and federal government customers. We believe the result of Gartner’s evaluation speaks to the compelling value Terremark provides these customers by offering world-class managed IT infrastructure services from best-in-breed datacenters with massive network connectivity and a full suite of security services that help ensure the integrity and availability of their mission-critical applications.”
1 “Magic Quadrant for Cloud Infrastructure as a Service and Web, 2010″, Lydia Leong & Ted Chamberlin, December 22, 2010
About the Magic Quadrant
The Magic Quadrant is copyrighted, 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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 at www.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 uncertainties inherent in government contracting, 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
Terremark Worldwide, Inc.
Hunter Blankenbaker, 305-961-3109