Just seven months after Terremark Worldwide was officially absorbed by Verizon Communications, the business has more than tripled its size as Terremark has become the telecom giant’s main services brand. At the time of the acquisition, which was announced in late January and closed in early April, Terremark was generating about $400m in sales. (Colocation services account for the vast majority of that revenue, with cloud offerings a small – but much more important and valuable – slice of the business.) The business is now running at $1.4bn, according to Bill Lowry, Terremark’s VP for Cloud Services.
Speaking at a Monday evening keynote at the Cloud Expo, Lowry added that the growth is coming both from the expansion of Terremark’s traditional business as well as Verizon’s decision to roll its services businesses into Terremark. (The ‘reverse integration’ makes sense to us because Terremark has much more enterprise credentials than Verizon, which we recently noted.) That means, for instance, that the managed security services provider business, which Verizon obtained via its May 2007 purchase of Cybertrust, is now part of Terremark. Verizon also transferred over to Terremark some 450 professional services employees, part of a broader buildup that has tripled Terremark’s headcount from 1,000 at the time of the acquisition to some 3,000 now.