Wednesday, June 22, 2011

Verizon's Terremark Expands its Global Reach

Terremark, which was recently acquired by Verizon, announced an expansion of its cloud, security and IT capabilities in North America, Latin America, Europe and the Asia-Pacific region.

Specifically, by leveraging Verizon's network and facilities, Terremark will deliver enterprise IT capabilities through nearly 50 leading-edge data centers, greatly boosting Terremark's existing data center footprint and enabling an expansive array of IT solutions.

Terremark will deliver advanced infrastructure and managed IT and security offerings, functioning as Verizon's arm for the delivery of enterprise-class IT services to businesses and government agencies around the globe. In addition to best-of-breed IT and cloud services, the Terremark portfolio includes Verizon's managed security, risk and compliance, and identity and access management services, as well as application management services and IT and security professional services, all of which are critical enablers to the delivery of enterprise-class cloud services.

"With the assets and resources of two market leaders, we have created a unique and powerful combination of highly skilled and seasoned people, strategically located infrastructure assets and unique intellectual property in IT resources orchestration, security and compliance that will propel global business forward in ways only possible via the enterprise-class cloud," said Kerry Bailey, group president of Terremark. "Terremark's vision is to transform and secure enterprise-class IT on a global scale so that enterprises and governments can realize the full benefits of the cloud, including better economics, faster time to market and ubiquitous access to information and content sharing."

  • Verizon Communications agreed to acquire Terremark, a global provider of managed IT infrastructure and cloud services, for $19.00 per share in cash, or a total equity value of $1.4 billion.

    At the time of the acquisition, Terremark, which is headquartered in Miami, operated 13 data centers in the U.S., Europe and Latin America (Miami, Dallas, Wash. D.C., Santa Clara, Bogota, Sao Paolo, Santo Domingo, Amsterdam, Brussels, Madrid and Istambul. It provides secure cloud computing, colocation, and managed hosting services. For its most recent quarter, Terremark reported revenue of $84.9 million, a 22% increase over the previous year.

    Prior to the deal, Verizon operated more than 220 data centers across 23 countries, including 19 premium centers and five smart centers.