| [November 01, 2007] |
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Terremark Launches Interactive Entertainment Group
MIAMI --(Business Wire)-- Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading provider of managed IT infrastructure services, today launched the Terremark Interactive Entertainment Group, which will focus on providing world-class managed infrastructure solutions for online gaming applications, virtual worlds and social networking sites.
"The interactive entertainment industry is poised for explosive growth as online games continue to build mass-market audiences around the world, while the impact of virtual worlds is changing the way enterprises interact with their customers and each other," said Manuel D. Medina, Chairman and CEO of Terremark. "Performance, connectivity and availability are critical for these applications, and Terremark's Global Operations Platform combines a worldwide datacenter footprint, plug-and-play access to massive connectivity from more than 150 global carriers and the industry's most advanced utility computing platform to provide the ideal managed infrastructure for companies at the forefront of this revolution."
Troy Garrison, Senior Director, Interactive Entertainment for Terremark will lead the group. Garrison, an IT industry veteran, previously served as Terremark's Senior Director of Professional Services.
"We are seeing significant demand for our services from companies dedicated to bringing online gaming applications, virtual worlds, and social networking sites to market," said Marvin Wheeler, President of Terremark's U.S. Commercial Business Unit. "Our portfolio of premium managed services is ideally suited for large-scale performance-intensive applications such as massively multiplayer online games and this group is dedicated to creating solutions tailored precisely to the requirements of these innovative applications."
About Terremark Worldwide, Inc.
Terremark Worldwide, Inc. (NASDAQ:TMRK) is a leading global provider of IT infrastructure services delivered on the industry's most robust and advanced operations platform. Leveraging datacenters in the United States, Europe and Latin America and access to massive and diverse network connectivity, Terremark delivers a comprehensive suite of managed solutions including managed hosting, colocation, connectivity and security services to government and enterprise customers. Terremark's acclaimed Infinistructure(TM) utility computing architecture has redefined industry standards for scalable and flexible computing infrastructure 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 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.
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