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BOSTON, May 14, 2007 — Lane, Berry & Co. International, LLC announced today that it served as exclusive financial adviser to Data Return, a leading provider of enterprise-class technology hosting solutions, with respect to its $85 million sale to Terremark Worldwide, Inc. (NASDAQ: TMRK), a leading operator of integrated Internet exchanges and a global provider of managed IT infrastructure solutions for government and private sectors. The closing of the transaction, which is subject to regulatory approval, is expected to take place by June 30, 2007. Saratoga Partners, an independent New York-based private equity investment firm, is the principal owner of Data Return.
“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.”
Bob Lockwood, Managing Director for Lane Berry, said: “Data Return is a premier provider of managed IT services and we are gratified that Saratoga Partners and the Data Return management team entrusted Lane Berry with such an important transaction.”
Frederick Lane, CEO of Lane Berry, noted: “Our M&A and capital raising advisory relationships with Data Return, NaviSite and Digex evidence Lane Berry’s expertise in advising leaders in the managed services sector. Lane Berry’s in-depth knowledge of this sector, combined with extensive investment banking expertise, results in successful transactions for our clients.”
About Lane Berry & Co. International, LLC
Lane, Berry & Co. International, LLC provides investment banking services to corporations, their Boards and Special Committees of Boards and shareholders on matters relating to mergers, acquisitions, divestitures, debt and equity financings, debt restructurings, recapitalizations and corporate governance issues. Lane Berry offers sophisticated, objective advice and transaction execution based upon the extensive experience of its senior investment bankers. For more information about Lane Berry’s services, transactions and experience, visit www.laneberry.com.
About Data Return
Founded in 1996, Data Return has provided a higher standard of managed services to customers around the world for over a decade. Customers rely on the company’s experience, proven capabilities and innovative digitalOps® service delivery platform to manage their business-critical applications and infrastructure, with a range of services from managed hosting to a suite of managed solutions for the enterprise. The company’s Infinistructure utility computing platform is redefining the standards for scalable, flexible, high-performance managed infrastructure. For more information on Data Return and its services, visit www.datareturn.com.
About Terremark Worldwide, Inc.
Terremark Worldwide, Inc. (NASDAQ:TMRK) is a leading operator of integrated Internet exchanges and a global provider of managed IT infrastructure solutions for government and private sectors. Terremark delivers its portfolio of services from seven locations in the U.S., Europe and Latin America and from four service aggregation and distribution locations, which aggregate network traffic and distribute network-based services in Europe and Asia to meet specific customer needs. Terremark’s flagship facility, the NAP of the Americas(R), is the model for the carrier-neutral Internet exchanges the company has in Santa Clara, California (NAP of the Americas/West), in Sao Paulo, Brazil (NAP do Brasil) and in Madrid, Spain (NAP de las Americas – Madrid). The carrier-neutral NAP of the Americas is a state-of-the-art facility that provides exchange point, colocation and managed services. More information about Terremark Worldwide can be found at www.terremark.com.
