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The new datacenter, which already has contracts secured for 30 percent of its 50,000 square feet, will extend the availability of Terremark's full suite of IT solutions, including its Enterprise Cloud(tm) services, colocation, managed hosting, disaster recovery/COOP and secure information services. As of December 31, 2008, approximately 80 percent of the NCR's first datacenter has been contracted with a robust pipeline reflecting continued strong demand for Terremark's industry-leading services.
"With the first datacenter almost completely sold out much quicker than we anticipated and a significant portion of the second facility already committed, we believe the strategic decision to begin construction of the second datacenter at the NCR will have a very positive impact on our future growth and returns," said Manuel D. Medina, Terremark's Chairman and CEO. "Our ability to consistently provide Federal customers with reliable, world-class IT infrastructure solutions from an ultra-secure datacenter campus continues to be a key differentiator for our Company. This expertise has proven to be a major factor in the NCR's success in attracting both Federal and enterprise customers, as demonstrated by the continued strength of our pipeline."
Strategically located 60 miles from Washington D.C. in Culpeper, Va., the NCR opened in June 2008 as the most secure and technologically sophisticated datacenter campus in the Eastern United States. The design of the NCR's 30-acre campus, which can accommodate up to five, 50,000-square-foot independent datacenter buildings, was developed to exceed Federal standards for a data communications and hosting facility. This ground-breaking design resulted in a datacenter campus that meets the needs of today's power, space and bandwidth-intensive mission-critical applications or hot/warm sites for disaster recovery/COOP environments.
Terremark will provide further detail on its expansion plans during its quarterly conference call on Thursday, February 5, 2009 at 5:00 p.m. (ET). To participate on the conference call, please dial 866-831-6267 (domestic) or 617-213-8857 (international) five to ten minutes before the call and reference the passcode TMRK Call.
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 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.
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, 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 and Terremark's ability to manage its growth, the successful integration of operations of acquired companies. Terremark does not assume any obligation to update these forward-looking statements.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Terremark Worldwide, Inc.
Terremark Worldwide, Inc., Miami Media Relations Xavier Gonzalez 305-860-7856 xgonzalez@terremark.com Investor Relations Hunter Blankenbaker 305-860-7822 hblankenbaker@terremark.com
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