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Tag Archives: Terremark

Reuters: Verizon Mulls Enterprise IT Portfolio Sale

acquisition, merger

Verizon (NYSE: VZ) is considering a sale of its enterprise-grade technology portfolio in order to concentrate on its consumer market business line, Reuters reported Friday. Liana Baker and Greg Roumeliotis write Citigroup will help examine a potential sale of business landline and Internet services from Verizon’s unit formerly called MCI as well as data center offerings from …

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CMS Extends Terremark ID Mgmt Hosting Services on HealthCare.gov for $15M


Verizon‘s (NYSE: VZ) Terremark subsidiary has received a $15 million contract extension from the Centers for Medicare and Medicaid Services to provide cloud-based identity management services for the HealthCare.gov website, FCW reported Tuesday. Adam Mazmanian writes that this modification extends the company’s work on managing user access to HealthCare.gov and expands a previous $31 million …

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Smartronix $2.5B GSA Cloud Email Team Includes Terremark, Verizon; Susie Adams Comments

Smartronix‘s team to provide government agencies cloud computing-based email services under a $2.5 billion General Services Administration blanket purchase agreement includes Terremark and Verizon. Smartronix said in a release the team also includes two other companies certified to provide agencies with Microsoft products, as Microsoft technology will be a central …

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Terremark COO Nelson Fonseca to Succeed Kerry Bailey as Company President

Terremark, a Verizon (NYSE: VZ) company, has promoted its chief operating officer Nelson Fonseca to company president. Fonseca will succeed Kerry Bailey, who was recently named chief marketing officer of Verizon’s new organization that consolidated its enterprise operations for government and business customers. As COO, Fonseca was responsible for the company’s operational efficiency. He previously served …

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Verizon Acquires Cloud Computing Firm, to Combine with Terremark

Verizon Communications (NYSE: VZ) has acquired enterprise cloud computing firm CloudSwitch for an undisclosed amount. Verizon plans to combine Mass.-based CloudSwitch with its Terremark IT services subsidiary to enhance its hybrid cloud and cloud-to-cloud capabilities. CloudSwitch’s software eliminates barriers to enterprise cloud adoption by securely moving applications and workloads from data centers …

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Terremark Settles Verizon Acquisition Suits

Terremark (NASDAQ:TMRK) released the following statement: The firm “has entered into a memorandum of understanding providing for the settlement of all eight putative class action lawsuits that have been brought in Delaware and Florida in connection with the previously announced agreement and plan of merger dated Jan. 27, 2011 among …

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Terremark Issues Financial Report on Heels of Verizon Sale

Terremark (NASDAQ:TMRK) issued financial results for the quarter ended Dec. 31, 2010. The firm grew, “with total revenues of $94.3 million and EBITDA, as adjusted, of $28.5 million for the quarter, representing year-over-year increases of 27 percent and 44 percent, respectively.” Verizon previously reached a definitive agreement to purchase Terremark …

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