Verizon to Purchase Colocation Space from Terremark to Meet Increasing Demand from Federal Customers for FISMA-Compliant Data Center Services
MIAMI, Jun 14, 2010 (BUSINESS WIRE) --Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading global provider of managed IT infrastructure services, today announced that Verizon Business has inked a deal to purchase Internet colocation services at its Network Access Points (NAPs) of the Capital Region and the Americas to meet increasing demand from Verizon's federal clients to deliver FISMA-compliant data center services.
As part of the agreement, Verizon will utilize 25,000 square feet of colocation space at Terremark's world-class NAPs in Miami, Florida and Culpeper, Virginia that are designed to meet or exceed federal government standards for data communications and hosting facilities requiring stringent guidelines for power and cooling redundancy.
"When looking at the federal space, Terremark has clearly distinguished itself as a leader in providing world-class colocation services with some of the highest levels of physical and logical security," said Joe Crawford, executive director of IT Services for Verizon. "The fact that Terremark has established a leadership position in delivering innovative IT infrastructure solutions for the U.S. government makes Terremark a great match for meeting the needs of our federal clients."
"Our agreement with Verizon signifies a defining moment for Terremark," said Manuel D. Medina, Terremark's Chairman and CEO. "Verizon's use of our facilities demonstrates the quality of the high performance environment we offer our carrier partners such as Verizon."
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 http://www.terremark.com.
About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE, NASDAQ:VZ), is a global leader in communications and IT solutions. We combine professional expertise with one of the world's most connected IP networks to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees - enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments - including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions - rely on our professional and managed services and network technologies to accelerate their business. Find out more at www.verizonbusiness.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., Miami Media Relations: Xavier Gonzalez, 305-961-3134 email@example.com or Investor Relations: Hunter Blankenbaker, 305-961-3109 firstname.lastname@example.org