Posts Tagged ‘Terremark’

Verizon Aquires Terremark

Friday, January 28th, 2011

Verizon Communications acquired Terremark earlier today for $19.00 per share in cash, or a total equity value of $1.4 billion. Terremark, which is headquartered in Miami, operates 13 data centers in the U.S., Europe and Latin America (Miami, Dallas, Wash. D.C., Santa Clara, Bogota, Saol 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.

“Cloud computing continues to fundamentally alter the way enterprises procure, deploy and manage IT resources, and this combination helps create a tipping point for everything as a service,” said Lowell McAdam, president and chief operating officer of Verizon. “Our collective vision will foster innovation, enhance business processes and dynamically deliver business intelligence and collaboration services to anyone, anywhere and on any device.”

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Cloud Hosting in Amsterdam

Monday, June 21st, 2010

Terremark Signs Lease Agreement with Digital Realty for Top-Tier Facility in Amsterdam. The Terremark facility will feature massive connectivity with the Amsterdam Internet Exchange.  The AIE is one of the world’s largest internet exchanges, committed to establish a peering node at the datacenter.

“Our ability to rapidly and cost effectively provide top-tier datacenter properties in support of Terremark’s expansion efforts positioned Digital Realty as a key partner for this exciting project,” said Michael F. Foust, Digital Realty’s CEO. “We’re very excited to be working closely with Terremark as it strengthens its presence in Europe and we look forward to continuing to extend this strategic partnership.”

The new cloud hosting datacenter in Amsterdam will feature diverse connectivity to hundreds of global networks through the establishment of a node by AMS-IX. With network density from all major Dutch Internet Service Providers (ISPs) and several major international ISPs, AMS-IX’s presence in the facility allows Terremark to provide customers with reduced latency and transit costs for their business-critical environments.

“As we look to expand our infrastructure to meet the growing demands of Internet traffic across Europe, world-class partners like Terremark are a key part of our strategy,” said Job Witteman, CEO of AMS-IX. “Based on Terremark’s history of offering industry-leading services from some of the world’s most sophisticated datacenters, we believe this partnership will greatly benefit our members as well as Terremark’s current and prospective customers.”

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Engine Yard expands Ruby Cloud Hosting

Monday, June 7th, 2010

The Ruby on Rails cloud hosting has arrived at the VMware station. Engine Yard announced a new Platform-as-a-Service offering for Ruby on Rails applications. The service will be called xCloud, consisting of Ruby stacks hosted in Terremark’s VMware-based cloud.

Terremark has historically been aligned with VMware in cloud infrastructure. VMware’s struggle to get a commercial-grade virtualization management solution up and running has been closely tied to Terremark, where both companies have acknowledged that many of VMware’s future enterprise cloud-management tools have been developed” reports Alex Handy.

Later Alex said “Engine Yard, on the other hand, had previously dipped its toe into the cloud hosting pool, but after a short period, the company’s original cloud hosting plans were scrapped in favor of simply using Amazon Web Services to host its customers’ Ruby on Rails applications.”

xCloud offers higher throughput in disk I/O and certified regulatory compliance for companies that need to adhere to standards like PCI.

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