Verizon Enterprise Cloud Strategy and Services Group President Kerry
Bailey to Lead Company

Company Website:
http://www.terremark.com
MIAMI -- (Business Wire)
Terremark Worldwide, Inc., a subsidiary of Verizon Communications Inc.,
today announced that Founder and CEO Manuel D. Medina will step down
from his position effective May 31. Kerry Bailey, Group President of
Enterprise Cloud Strategy and Services for Verizon, will assume
leadership of the company.
“I’ve had the privilege to lead Terremark and our amazing team of
professionals for more than 30 years and I feel that now is the perfect
time to step aside and allow the next generation of leaders to build on
the success we have achieved,” said Medina. “I truly believe that the
collective strengths of Verizon and Terremark will propel the company to
even greater heights in the years to come.”
Bailey, who has held various executive positions within Verizon, most
recently has led Verizon’s “everything-as-a-service” enterprise
solutions strategy. As leader of Terremark, he will work closely with
the company’s management team to accelerate the companies’ collective
global cloud services vision and strategy.
“What initially attracted us to Terremark was not only its innovative
services and top-tier facilities, but the impressive team of experienced
and talented professionals that Manny was able to bring together,” said
Bailey. “Terremark will drive Verizon’s global cloud and IT solutions
strategy, and I’m looking forward to continuing our work to roll out an
unmatched portfolio of secure, on-demand cloud computing solutions to be
delivered through a unified enterprise IT platform.”
Terremark is a leading provider of enterprise-class cloud computing
solutions and fully managed cyber security services for large
enterprises and government agencies. Terremark’s flagship facility, the
Network Access Point (NAP) of the Americas, which is one of the world’s
most connected data center facilities and is interconnected with
Terremark’s NAPs throughout the United States, Europe and Latin America.
The combination of these robust physical assets and the company’s
leading-edge solutions helps Terremark provide the innovative solutions
that hundreds of organizations trust for their mission-critical
applications.
About Terremark Worldwide, Inc.
Terremark Worldwide, Inc., a subsidiary of Verizon Communications Inc.
(NYSE, NASDAQ:VZ), is a leading global provider of IT infrastructure
services delivered on the industry’s most robust and advanced technology
platform. Leveraging data centers in the United States, Europe and Latin
America with access to massive and diverse network connectivity,
Terremark delivers government and enterprise customers a comprehensive
suite of managed solutions including managed hosting, colocation,
disaster recovery, security, data storage and cloud computing services.
Terremark’s Enterprise Cloud computing architecture delivers the
agility, scale and economic benefits of cloud computing to
mission-critical enterprise and Web 2.0 applications and its DigitalOps®
service platform combines end-to-end systems management workflow with a
comprehensive customer portal. More information about Terremark
Worldwide can be found at http://www.terremark.com.

Contacts:
Terremark Worldwide, Inc.
Media Relations:
Xavier Gonzalez,
305-961-3134
xgonzalez@terremark.com
Source: Terremark Worldwide, Inc.
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