Terremark in the Magic Quadrant
Terremark Worldwide, a provider of managed IT infrastructure services, announced that it has been positioned by Gartner, Inc. in the leaders quadrant in the Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting, 2010 report.
For those unfamiliar with the rating system, the Magic Quadrant depicts Gartner's analysis of how certain vendors measure against criteria for that specific marketplace.
According to Gartner’s report, “Leaders have proved they have staying power in this market, can frequently innovate on their existing products and can be relied on for enterprise-class needs. They have proved their technical competence and ability to deliver services to a wide range of customers. They address multiple use cases well. New managed hosting customers should sign two-year contracts with these companies. Satisfied customers renewing a contract with one of these firms should sign a three-year deal. Cloud IaaS customers should buy these services on demand, or in contracts of one year or less.”
“We believe our positioning in the leaders quadrant underscores our standing as one of the industry’s top providers of comprehensive managed solutions that combine services ranging from colocation and cloud computing to managed hosting and information security,” said Manuel D. Medina, Chairman and CEO of Terremark. “The leading-edge services we offer are tailored to meet the complex needs of enterprise and federal government customers. We believe the result of Gartner’s evaluation speaks to the compelling value Terremark provides these customers by offering world-class managed IT infrastructure services from best-in-breed datacenters with massive network connectivity and a full suite of security services that help ensure the integrity and availability of their mission-critical applications.”