Terremark
| Subsidiary | |
| Founded | 1980 |
| Headquarters | Miami, USA |
| Services | information technology services |
| Revenue | $ 292 M (2010) |
| $ -31 M (2010) | |
|
Number of employees
|
859 total 260 in South Florida |
| Parent | Verizon Communications |
| Website | www |
Terremark Worldwide, Inc., a subsidiary of Verizon Communications, is a provider of information technology services. Headquartered in Miami, Florida, the company has data centers in the United States, Europe and Latin America; it offers services which include managed hosting, colocation, disaster recovery, data storage, and cloud computing.
Terremark employs over 350 people at its Miami-Dade County headquarters.[1]
History
In 1980 Manny Medina incorporated Terremark as a real estate company, constructing office buildings. During the dot-com era, an increasing number of his buildings were leased to computer data centers; over the years the company morphed into an information technology services company itself starting with the NAP of the Americas,[2] a large data center[3] and Internet exchange point[4] that hosts one of the instances of the K-root of the Domain Name System.[5]
On January 27, 2011, Verizon Communications announced it would buy Terremark Worldwide for $19 a share, in a deal valued at $1.4 billion.[6] Medina received about $83 million from the Verizon acquisition.[7] Verizon completed its acquisition of Terremark on April 12, 2011.[8] Medina left the company at the time of the takeover and Terremark has gone through two presidents in one year. Currently three high ranking executives are running the business.[9]
In October 2013, Secretary of Health and Human Services (HHS) Kathleen Sebelius revealed that Terremark, the web-hosting provider for HealthCare.gov, was the government contractor responsible for "outages that disrupted the website" when it was initially rolled out.[10][11] A month later, HHS revealed that it did not renew its contract with Terremark, and instead awarded the contract for hosting HealthCare.gov to Hewlett-Packard.[12]
References
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<references />, or <references group="..." />| Directors | |
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| Telecom services |
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| Local telephone companies | |
| Media, advertising and tech companies | |
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