Terremark Worldwide (TMRK), a leading global provider of IT infrastructure solutions, has reportedly begun the construction of a third datacenter in its NAP (network access point) of the Capital Region (NCR) facility at Culpeper, Virginia.

The company plans to invest $45 million to build the new 50,000 square-foot facility that will provide the much-needed additional datacenter space to address the growing customer demand for its industry-leading services. Located 60 miles away from the Washington D.C., the NCR (a 30-acre campus) is one of the most secured and state-of-the-art datacenter facilities in eastern US.

Terremark remains a key player in the IT infrastructure solutions market with a vast portfolio of premium products and services, wide footprint and a diverse customer base. Leveraging its vast datacenters across North America, Europe and Latin America, the company offers high standard and reliable platforms to deploy computing, network, storage and IT infrastructure solutions.

The company continues to broaden its datacenter space to handle increased demand, especially from federal government customers, which accounted for 22% of the revenues in the last quarter. Terremark has expanded floor space at the NCR by constructing a 50,000 square foot second datacenter in February 2010.

Moreover, the company has leased a 10,000 square foot datacenter facility in Dallas under a pact with the leading datacenter operator Digital Realty Trust (DLR). Leveraging a newly constructed 130-mile long fiber-optic network, Terremark has also increased carrier connectivity at the NCR, thereby expanding network access to leading carriers.

Terremark has already booked contracts for more than 75% of the available space at its two existing datacenter facilities in NCR, boosted by strong demand for its IT infrastructure solutions from federal and enterprise customers.

We believe that Terremark’s industry leading product/service portfolio and expanding datacenter space coupled with a differentiated execution strategy, uniquely positions it to leverage the attractive market trends for managed hosting, colocation and cloud computing services.

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