Terremark Acquires Data Return

By The WHIR, May 29, 2007
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Level 1 PCI DSS Certified Service Provider! DataPipe delivers the best network & support; top tier data centers; New York metro, Silicon Valley, London, Hong Kong, Shanghai. DataPipe - Personal Touch, Global Reach.

May 29, 2007 -- (WEB HOST INDUSTRY REVIEW) -- Data center operator and managed IT infrastructure solutions provider Terremark Worldwide (terremark.com) announced on Tuesday that it has completed its acquisition of Web hosting provider Data Return (datareturn.com).

Terremark says that the strong economics of Data Return's Infinistructure utility computing architecture and digitalOps systems management platform will drive increased revenue yield and cross-selling to the combined customer bas will accelerate market penetration.

"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," says Manuel D. Medina, Terremark's chairman and CEO. "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. With the acquisition of Data Return, the majority of our revenue base is now managed services, precisely aligned with our vision that data center space represents only one component of a fully managed IT solution."

Terremark will maintain Data Return's offices and network operations center in Dallas, Texas, complementing and providing additional redundancy to current Terremark operations in Florida, Virginia and California, says the company. It will also provide additional information regarding the Data Return acquisition on its regular earnings conference call scheduled for June 14.

Terremark announced plans to acquire Data Return on May 14.

Tags: government data center operator disaster recovery utility computing Data Return E Solutions Iona Terremark