Terremark (news, filings) [a subsidiary of Verizon (NYSE:VZ, news, filings)] has acquired DS3 DataVaulting, a Virginia based company that as the name suggests specializes in managed off-site backup and restore services. DS3 will contribute about $6M in annual revenues and $1.5M in EBITDA before synergies. The $11.5M purchase will further add to the company's expanding managed IT services suite and enhance the company's presence in the federal market. That's a market the company has been focusing a great deal of resources on, and they seem to have been making some headway.
Terremark also reported its quarterly earnings earlier this week, checking in with solid revenues of $69.8M, up 17% from the same quarter last year and 6% from the prior quarter. EBITDA was $18.0M and the loss per share of $0.12 was either in-line or a tiny bit light depending on which basket of analysts you happen to use - but overall no surprises. Projections for the next quarter of $73-76M in revenue and $19-21M in EBITDA were generally as expected. The company's new facility in Santa Clara and its second datacenter in the DC area are both scheduled to come online in the next 6-9 months.
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