Terremark to Acquire Data Return

MIAMI -- Terremark Worldwide, Inc. (Nasdaq:TMRK - News), a leading operator of integrated Internet exchanges and a global provider of managed IT infrastructure solutions for government and private sectors, today announced that it has entered into a definitive agreement to acquire privately-held Data Return, LLC, a leading provider of enterprise-class technology hosting solutions, from Saratoga Partners.

"We believe that virtualization and utility computing are revolutionizing the delivery of IT services as they continue to migrate towards network centric computing. The acquisition of Data Return's technology, customers and talented team of employees complements our existing team and service delivery platforms, and better positions us to capture the robust market demand we are seeing for virtualized IT solutions," said Manuel D. Medina, Terremark's Chairman and CEO. "The addition of Data Return's innovative virtualized hosting and service delivery platforms are a strategic fit with Terremark's network rich colocation and managed service business and will allow us to realize significant synergies with the combined companies."

Mr. Medina continued, "The combination of Data Return's best in class hosting and utility computing solutions and Terremark's secure Federal government delivery capabilities create unrivaled offerings in the industry."

Terremark Worldwide Inc.