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The following content is from an older version of this website, and may not display correctly.Data center services provider Terremark added 56 new clients during the last quarter, launched a new data center and acquired a significant chunk of land in Virginia for future build-out, going confidently after more federal-government business. During the quarter, the company increased its revenue and shrunk its losses.
Terremark ended its fiscal 2010 on March 31. Its revenue for the year's final quarter was about $82.5m, up from $74.2m for the preceding quarter and from about $68.8m for the fourth quarter of fiscal 2009. Terremark shrunk its net losses in the quarter, reporting a net loss of about $1.2m. The company's net loss in the year's third quarter was about $8m.
The provider made several big business moves during the quarter at its NAP of the Capital Region campus in Culpeper, Va. Following the launch of build-out of the third 50,000 sq ft data center at the campus, the company bought an additional 27 acres of land adjacent to the campus for $5m, which will double the complex's size. More than 65 percent of the three active pods has been leased out.
The company's property at the site before the land acquisition could accommodate five 50,000 sq ft data center pods total, in addition to a 72,000 sq ft office building, which Terremark also unveiled during the last quarter. The fact that the building's auditorium is compliant with the federal government's Physical Security Standards for Sensitive Compartmented Information Facilities indicates the company's seriousness in going after federal clientele. Culpeper is about 70 miles away from Washington, D.C.
Terremark CEO Manuel Medina said during a conference call that the company was well positioned to capitalize on the "seismic shift" in the federal government's data center strategy. The government's entire data center infrastructure, of massive proportions, is being consolidated and its footprint is being dramatically reduced, as a result of direct orders to do so from the federal CIO Vivek Kundra.
In fact, build-out of the third data center at the Culpeper campus was accelerated because of a new federal deal Terremark recently secured, Medina said. That deal was a direct result of the federal consolidation effort. The company's CFO Jose Segrera said about 28 percent its revenue comes from its federal government business.
Other major verticals for Terremark ÔÇô where the company is seeing the fastest growth in demand for data center services ÔÇô are mobile communications companies and providers of cloud-based services, namely Software-as-a-Service and Platform-as-a-Service.
Besides Virginia, the Miami, Fla.-based data center provider has facilities in Miami, Santa Clara, Calif., Dallas, Texas, Bogota, Colombia, Dominican Republic, Sao Paulo, Brazil, a number of facilities around Europe and one in Turkey.
Terremark ended its fiscal 2010 on March 31. Its revenue for the year's final quarter was about $82.5m, up from $74.2m for the preceding quarter and from about $68.8m for the fourth quarter of fiscal 2009. Terremark shrunk its net losses in the quarter, reporting a net loss of about $1.2m. The company's net loss in the year's third quarter was about $8m.
The provider made several big business moves during the quarter at its NAP of the Capital Region campus in Culpeper, Va. Following the launch of build-out of the third 50,000 sq ft data center at the campus, the company bought an additional 27 acres of land adjacent to the campus for $5m, which will double the complex's size. More than 65 percent of the three active pods has been leased out.
The company's property at the site before the land acquisition could accommodate five 50,000 sq ft data center pods total, in addition to a 72,000 sq ft office building, which Terremark also unveiled during the last quarter. The fact that the building's auditorium is compliant with the federal government's Physical Security Standards for Sensitive Compartmented Information Facilities indicates the company's seriousness in going after federal clientele. Culpeper is about 70 miles away from Washington, D.C.
Terremark CEO Manuel Medina said during a conference call that the company was well positioned to capitalize on the "seismic shift" in the federal government's data center strategy. The government's entire data center infrastructure, of massive proportions, is being consolidated and its footprint is being dramatically reduced, as a result of direct orders to do so from the federal CIO Vivek Kundra.
In fact, build-out of the third data center at the Culpeper campus was accelerated because of a new federal deal Terremark recently secured, Medina said. That deal was a direct result of the federal consolidation effort. The company's CFO Jose Segrera said about 28 percent its revenue comes from its federal government business.
Other major verticals for Terremark ÔÇô where the company is seeing the fastest growth in demand for data center services ÔÇô are mobile communications companies and providers of cloud-based services, namely Software-as-a-Service and Platform-as-a-Service.
Besides Virginia, the Miami, Fla.-based data center provider has facilities in Miami, Santa Clara, Calif., Dallas, Texas, Bogota, Colombia, Dominican Republic, Sao Paulo, Brazil, a number of facilities around Europe and one in Turkey.