Apr, 2002 : Terremark To Develop and Operate NAP in Madrid

📅 April 25, 2002 - Terremark Worldwide, Inc., (Terremark.com -> akamai.com), a carrier-neutral operator of Tier-1 Network Access Point (NAP) facilities, said today it had signed an exclusive agreement to develop and operate a carrier-neutral NAP in Madrid.

As part of this agreement, Terremark will lead the development of the NAP in Madrid, which will be modeled after the company's technology developed for its NAP in Miami. A number of parties, including several Spanish partners, will invest US$10,000,000 to capitalize the project, US$5,000,000 of which will be used to purchase shares of Terremark common stock, at a per share price of US$1.00.
"This technologically advanced NAP will place Madrid at the vanguard of Internet development in Spain," stated the Hon. Alberto Ruiz Gallardón, President of the Comunidad Autónoma de Madrid, a development commission comprised of 179 municipalities. "The growth of high technology jobs around Tier-1 NAPs in the United States has been well documented, and we expect that this new NAP will have similar effects on job creation within the Comunidad, and will help modernize not just Madrid's Internet and communications infrastructure, but help propel all of Spain into the 21st century's Internet economy."

Reads: 1080 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/ter042502.cfm

Company: Terremark [terremark.com -> akamai.com]

Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!

Related news

📅 Feb 24, 2009 - Terremark Takes Enterprise Cloud to Europe - Managed IT infrastructure services provider Terremark Worldwide (terremark.com -> akamai.com) has announced the availability of its Enterprise Cloud services to customers throughout Europe, providing European customers a true, multinational cloud infrastructure that is connected to Terremark's Network Access Point of the Americas in Miami and its NAP of the Capital Region near Washington DC.

Terremark's Enterprise Cloud is a managed cloud computing platform for mission-critical applications and IT infrastructure, which has been recently chosen by the US General Services Administration to power the US federal government's official web portal, USA.gov (usa.gov).

According to

📅 Feb 23, 2009 - Iceland Data Center Postponed A Year - With its banking system having collapsed under the weight of billions of dollars of debt accumulated over years of overseas expansion, an international data center in Iceland will be delayed by approximately 12 months, according to Verne Holdings, which first proposed the data center in February 2008.

The $300 million data center's launch date was pushed back the second or third quarter of 2010, according to a report from news website Iceland Review. The proposed facility was originally scheduled to open in 2009, create about 100 jobs and contribute $611 million into the economy.

"There have been delays of various kinds" chairman of the board of Verne Holdings Vilhj&a

📅 Feb 23, 2009 - Terremark Chosen to Power USA.gov - The US General Services Administration has selected Global IT infrastructure services provider Terremark Worldwide (terremark.com -> akamai.com) to power the US federal government's official web portal, USA.gov (usa.gov), with its Enterprise Cloud platform.

According to Terremark's Monday announcement, its Enterprise Cloud will let the GSA dynamically provision cloud computing resources, helping it handle online traffic spikes. Reliability and agility is fundamental to the federal government's web portal, which serves as a gateway to information from US local, state and federal government agencies.

"GSA's choice of The Enterprise Cloud to host USA.gov proves the reliability

📅 Feb 9, 2009 - Terremark Delays Building in Santa Clara - Terremark Worldwide (terremark.com -> akamai.com) announced on Monday it has decided to delay the building of a data center in Santa Clara, California, focusing its development budget dollars instead on its data center in Virginia, the NAP of the Capital Region, according to a report by Data Center Knowledge.

The company says it is seeing significant demand for colocation and managed hosting services at the Culpeper, Virginia facility.

Last month, Terremark began offering its full suite of managed solutions at the NAP of the Capital Region following the completed deployment of its Infinistructure utility-computing platform.

The planned expansion on Corvin Drive mar

📅 Jan 27, 2009 - ISPs Test New Cisco Data Center Switches - In a continuation of its two-year long "Data Center 3.0" initiative, networking giant Cisco (cisco.com) is working with service providers including Terremark (terremark.com -> akamai.com), StrataScale (stratascale.com) and The Planet (theplanet.com -> softlayer.com -> ibm.com) to and help develop next-generation virtualized data centers achieve greater operational and energy efficiency.

Cisco officially released its Nexus 5010 and 7018 switches, as well as its Nexus 2000 series fabric extender Tuesday as part of Cisco's new Data Center 3.0 technologies, according to the company's announcement. As of the announcement, Terremark, StrataScale, The Planet and others have already deployed Cisco's Nexus 5000 an