MIAMI – March 16, 2006 – Terremark Worldwide, Inc. (AMEX:TWW), a leading operator of integrated Tier-1 Internet exchanges and a global provider of managed IT infrastructure solutions to government and private sectors, today announced the formation of a strategic alliance with CareTech Solutions, a leading information technology (IT) and health information management (HIM) services provider for hospitals and healthcare systems.
Terremark and CareTech have agreed to combine their organizations’ strengths and expertise to assist hospitals with the protection and safety of critical patient information and patient information systems. This joint effort will strengthen healthcare systems security by providing remote data center hosting at Terremark’s NAP of the Americas, comprehensive data center management services and complete on-site “in-sourcing” for hospital and healthcare system clients. The Terremark-CareTech team of healthcare technology specialists, engineers, technicians and sales executives will work together to find the best solutions in order to service our customers’ needs .
“Understanding how critical information systems have become to healthcare delivery, we recognize the value and peace-of-mind our facilities can provide to the healthcare industry,” said Manuel D. Medina, Chairman and CEO of Terremark Worldwide, Inc. “Terremark and CareTech have already partnered on a successful customer expansion to provide a secure, redundant and cost-effective solution to house their health information data. We look forward to offering this unified solution to other healthcare industry customers across the region.”
Hospitals moving their data center operations to Terremark’s NAP facilities will benefit by recovering valuable onsite floor space that can be used for enhancing patient care; while gaining security of confidential patient and financial information through the redundancies in power, environment, connectivity, and security Terremark’s NAPs offer. Additionally, CareTech will provide these hospitals with technical and healthcare industry expertise, coupled with expert knowledge and best practices that will benefit the hospital’s clinical and financial operations.
“The Terremark-CareTech strategic alliance offers hospitals and health systems access to a ‘technology fortress’ with redundant connectivity and expert management,” said James Giordano, President and CEO of CareTech Solutions. “By managing data off-site and working collaboratively with our customers’ executives and IT staff, we will provide a secure operation that will contribute to improving patient care while ultimately lowering healthcare costs. Our new customers will immediately benefit from the same comprehensive healthcare experience and expertise CareTech delivers to our hospital clients and their 150+ affiliated outpatient centers, physician practices and nursing homes across the nation.”
About CareTech Solutions
CareTech Solutions, Inc., an information technology and health information management services provider for hospitals and health systems, is committed to creating value for clients through customized, flexible solutions that contribute to improving patient care while lowering healthcare costs. From implementing emerging technologies to supporting day-to-day operations, CareTech offers clients expert services across the entire patient data lifecycle.
Information Technology services – Health Information Management – Revenue Cycle services – WebCare™ products and services – CableCare™ structured cabling and wiring.
For more information, contact us at 877.700.8324 or visit our Web site at www.caretechsolutions.com.
About Terremark Worldwide, Inc.
Terremark Worldwide, Inc. (AMEX:TWW) is a leading operator of integrated Tier-1 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, 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. Terremark is headquartered at 2601 S. Bayshore Drive, 9th Floor, Miami, Florida USA, (305) 856-3200. More information about Terremark Worldwide can be found at www.terremark.com.
Statements contained in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Terremark’s actual results may differ materially from those set forth in the forward-looking statements due to a number of risks, uncertainties and other factors, as discussed in Terremark’s filings with the SEC. These factors include, without limitation, Terremark’s ability to obtain funding for its business plans, uncertainty in the demand for Terremark’s services or products and Terremark’s ability to manage its growth. Terremark does not assume any obligation to update these forward-looking statements.
|Terremark Worldwide, Inc., Miami
|Media Relations Edelman|
Market Street Partners/Investor Relations
|Ashley La Croix
Airfoil Public Relations – High Tech PR
CareTech Solutions, Inc.