Plans to maintain Data Return's offices and Network Operations Center in Dallas, Texas.
Terremark Worldwide, Inc., a provider of managed IT infrastructure solutions, yesterday announced that it has completed the acquisition of Data Return, LLC, a provider of hosting solutions.
According to Terremark, it will maintain Data Return's offices and
Network Operations Center in Dallas, Texas, and Terremark's operations
in Florida, Virginia and California. Terremark will provide additional
information regarding the Data Return acquisition; debt refinancing;
geographic expansion plans and its revised outlook for fiscal year 2008
on its earnings conference call scheduled for June 14, 2007.
"Although corporate and government leaders have already embraced the
value of virtualization in IT environments, this trend is just
beginning and we see tremendous market opportunities to deliver
virtualized IT solutions to enterprises and government customers," said
Manuel D. Medina, Terremark's Chairman and CEO. "Two of the most
compelling value propositions for virtualized infrastructure solutions
are the immediate reductions in total cost of ownership and simplified
business continuity and disaster recovery considerations. We see
numerous opportunities to cross-sell the new combined customer base,
including both enterprise and Federal government customers, and we
expect the addition of Data Return to allow us to increase square foot
revenue yields within our facilities."