Company Acquires Additional Land Adjacent to Current Datacenter Campus
Contracted Space Increases to More Than 65 Percent of Available Datacenter Space, Including Recently Launched Third Facility
Press Release Source: Terremark Worldwide, Inc. On Wednesday May 19, 2010, 8:00 am
MIAMI--(BUSINESS WIRE)--Based on the extraordinary success and continued rapid growth of its customer base at the Network Access Point (NAP) of the Capital Region, Terremark Worldwide, Inc. (NASDAQ:TMRK - News), a leading global provider of managed IT infrastructure services, today announced it has acquired 27 acres of land directly adjacent to its datacenter campus. The $5-million land acquisition provides Terremark the ability to add at least 250,000 square feet of high-quality datacenter space and close to 100,000 square feet of Class A office space, effectively doubling the size of the campus. As a result of recently securing large customer contracts for services delivered from the NAP of the Capital Region, more than 65 percent of the campus’ available datacenter space is currently contracted, including the newly launched third datacenter. The company expects to begin customer deployments in this datacenter during the third quarter of Terremark’s fiscal year 2011.
The powerful combination of Terremark’s innovative suite of solutions, in particular its ultra-secure colocation services and revolutionary Enterprise Cloud product, along with the massive connectivity offered through the NAP of the Capital Region’s multiple global carrier networks has been a key driver in the expansion of the campus. As a result of the compelling value proposition offered by this combination, Terremark continues to sign contracts with various federal government customers and global enterprises for services to be delivered from the campus.
“With the outstanding success and explosive growth of the NAP of the Capital Region, acquiring the land adjacent to the existing campus was a vital step in securing our position to continue meeting the strong demand for Terremark’s services among federal customers and large multinational companies,” said Manuel D. Medina, Terremark’s Chairman and CEO. “Our ability to secure contracts for a significant percentage of our existing datacenter space so quickly is a testament to the unique ecosystem of highly secure, top-quality solutions that are ideally suited to meet the needs of large organizations pursuing datacenter consolidation and other IT projects to drive greater efficiencies in their systems.”
Terremark’s NAP of the Capital Region campus, from which the company offers its complete suite of IT solutions, including its Enterprise Cloud, colocation, managed hosting, disaster recovery/COOP and secure information services, is designed to exceed federal government standards for data communications and hosting sites, as well as meet the needs of power, space and bandwidth-intensive mission-critical applications and hot/warm sites for disaster recovery/COOP environments. Along with the world-class datacenter facilities at the campus, which is strategically located 60 miles outside Washington, D.C. in Culpeper County, Va., Terremark recently unveiled a 72,000-square-foot headquarters building that features a 150-seat auditorium built to the federal government’s Physical Security Standards for Sensitive Compartmented Information Facilities (SCIF) and approximately 50,000 square feet of Class A office space that can be built to SCIF specifications in order to meet customer demands.
About Terremark Worldwide, Inc.
Terremark Worldwide (NASDAQ:TMRK - News) 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® service platform combines end-to-end systems management workflow with a comprehensive customer portal. More information about Terremark Worldwide can be found at http://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.