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Terremark today said VMWare would buy 4 million shares of newly issued stock at $5 apiece, or $20 million worth of stock in total, to acquire a 5 percent stake in the company.
Miami-based Terremark runs Internet exchanges and offers services such as data storage and operating systems management. Its shares rose 33 cents, or 7.4 percent, to close at $4.80. VMware shares gained 76 cents, or 2.7 percent, to $29.26 in the regular session, and lost 8 cents after hours.
(Source: Forbes)
Terremark Worldwide today announced the completed deployment of the Infinistructure utility-computing platform at its facilities in Madrid and Amsterdam. The platform will benefit Terremark’s European and American customers and has been met with high demand from current customers and prospects.
Infinistructure’s server and storage infrastructure combines Terremark’s proprietary service-management platform with virtualization technology from partners including VMWare, Cisco, and IBM, providing a highly scalable and flexible high-performance computing platform.
Infinistructure’s on-demand network, storage and computing architecture allows customers to precisely match their infrastructure to their business needs, while leveraging a fully managed solution with plug-and-play access to network connectivity from multiple carriers. The Infinistructure platform is connected to the ESpanix exchange point in Spain and the AMS-IX exchange point in The Netherlands, the largest internet connection point in Europe with over 400 Gb/s in peak traffic.