Company type | Subsidiary |
---|---|
Founded | 1980 |
Founder | Manny Medina [1] |
Headquarters | , USA |
Services | information technology services |
Revenue | $ 292 M (2010) |
$ -31 M (2010) | |
Number of employees | 859 total 260 in South Florida |
Parent | Equinix, Inc. |
Website | www |
Terremark Worldwide, Inc., is of IBM, a provider of information technology services. [2] Headquartered in Miami, Florida, the company had data centers in the United States, Europe and Latin America; it offered services which include managed hosting, colocation, disaster recovery, data storage, and cloud computing.
Terremark employed over 750 people at its Miami-Dade County headquarters. [3]
In 1980 Manny Medina incorporated Terremark as a real estate company, constructing office buildings. During the dot-com era, an increasing number of his buildings were leased to computer data centers; over the years the company morphed into an information technology services company itself starting with the NAP of the Americas, [4] a large data center [5] and Internet exchange point [6] that hosts one of the instances of the K-root of the Domain Name System. [7]
On January 27, 2011, Verizon Communications announced it would buy Terremark Worldwide for $19 a share, in a deal valued at $1.4 billion. [8] Medina received about $83 million from the Verizon acquisition. [9] Verizon completed its acquisition of Terremark on April 12, 2011. [10] Medina left the company at the time of the takeover and Terremark had two presidents in the first year after the acquisition. Currently three high ranking executives are running the business. [11]
In October 2013, Secretary of Health and Human Services (HHS) Kathleen Sebelius revealed that Terremark, the web-hosting provider for HealthCare.gov, was the government contractor responsible for "outages that disrupted the website" when it was initially rolled out. [12] [13] A month later, HHS revealed that it did not renew its contract with Terremark, and instead awarded the contract for hosting HealthCare.gov to Hewlett-Packard. [14]
In Jan 2016, Verizon confirmed the intention to divest its data center portfolio, with Equinix (EQIX) for a consideration of around $3.5 billion. [15]
In May 2017, Verizon confirmed its divestiture of Terremark, selling to IBM.
Kathleen Sebelius is an American politician who served as the 21st United States Secretary of Health and Human Services from 2009 until 2014. As Secretary of Health and Human Services, Sebelius was instrumental in overseeing the implementation of the Affordable Care Act. Before becoming secretary, she served as the 44th governor of Kansas from 2003 to 2009, the second woman to hold that office. She is a member of the Democratic Party. Sebelius was the Democratic respondent to the 2008 State of the Union address and is chair-emerita of the Democratic Governors Association. She is CEO of Sebelius Resources LLC.
Cencora, Inc., formerly known as AmerisourceBergen, is an American drug wholesale company and a contract research organization that was formed by the merger of Bergen Brunswig and AmeriSource in 2001.
TracFone Wireless, Inc. (TFWI) is an American wireless prepaid service provider. It is a mobile virtual network operator offering prepaid and no-contract services on the Verizon network under multiple brands, including TracFone, Straight Talk Wireless, Total Wireless, Simple Mobile, SafeLink Wireless, Page Plus Cellular, Net10 Wireless, GoSmart Mobile, and Walmart Family Mobile.
Equinix, Inc. is an American multinational company headquartered in Redwood City, California, that specializes in Internet connection and data centers. The company is a leader in global colocation data center market share, with 260 data centers in 33 countries on five continents.
Telecity Group plc, was a European carrier-neutral datacentre and colocation centre provider. It specialised in the design, build and management of datacentre space. It was listed on the London Stock Exchange until it was acquired by Equinix in January 2016.
AboveNet was a provider of high bandwidth telecommunication circuits primarily for large corporate enterprises and communications carriers in 17 markets in the United States and 4 markets in Europe. Its private optical network delivered key network and IP services and was used in financial and legal services, media, health care, retail, and government.
The Dulles Technology Corridor is a business cluster containing many defense and technology companies, located in Northern Virginia near Washington Dulles International Airport. The area was called "The Silicon Valley of the East" by Atlantic magazine. It was dubbed the "Netplex" in a 1993 article by Fortune magazine. Another article in 2000 claimed that the area contained "vital electronic pathways that carry more than half of all traffic on the Internet. The region is home to more telecom and satellite companies than any other place on earth."
Verizon Business is a division of Verizon Communications based in Basking Ridge, New Jersey, that provides services and products for Verizon's business and government clients.
In the United States, Medicare fraud is the claiming of Medicare health care reimbursement to which the claimant is not entitled. There are many different types of Medicare fraud, all of which have the same goal: to collect money from the Medicare program illegitimately.
EvoSwitch is part of the Ocom Group, based in Amsterdam and described as Europe's largest privately owned Internet service provider.
Interxion is a provider of carrier and cloud-neutral colocation data centre services in Europe. Founded in 1998 in the Netherlands, the firm was publicly listed on the New York Stock Exchange from 28 January 2011 until its acquisition by Digital Realty in March 2020. Interxion is headquartered in Schiphol-Rijk in the Netherlands, and operates 53 data centres in 11 European countries located in major metropolitan areas, including Dublin, London, Frankfurt, Paris, Amsterdam, and Madrid, the six main data centre markets in Europe, as well as Marseille, Interxion’s Internet Gateway.
Network Access Point (NAP) of the Americas is a massive, six-story, 750,000 square foot data center and Internet exchange point in Miami, Florida, operated by Equinix. It is one of the world's largest data centers and among the 10 most interconnected data centers in the United States. It is located at 50 NE 9th Street in downtown Miami.
Elevance Health, Inc. is an American health insurance provider. Prior to June 2022, Elevance Health was named Anthem, Inc. The company's services include medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans through affiliated companies such as Anthem Blue Cross and Blue Shield, Anthem Blue Cross in California, Wellpoint, and Carelon. It is the largest for-profit managed health care company in the Blue Cross Blue Shield Association. As of 2022, the company had 46.8 million members within its affiliated companies' health plans.
Manuel D. "Manny" Medina is "one of South Florida's most successful tech entrepreneurs", noted for selling his Terremark data services company in 2012 to Verizon Communications for $1.4 billion.
The Health Information Technology for Economic and Clinical Health Act, abbreviated the HITECH Act, was enacted under Title XIII of the American Recovery and Reinvestment Act of 2009. Under the HITECH Act, the United States Department of Health and Human Services resolved to spend $25.9 billion to promote and expand the adoption of health information technology. The Washington Post reported the inclusion of "as much as $36.5 billion in spending to create a nationwide network of electronic health records." At the time it was enacted, it was considered "the most important piece of health care legislation to be passed in the last 20 to 30 years" and the "foundation for health care reform."
HealthCare.gov is a health insurance exchange website operated by the United States federal government under the provisions of the Affordable Care Act or ACA, commonly referred to as "Obamacare", which currently serves the residents of the U.S. states which have opted not to create their own state exchanges. The exchange facilitates the sale of private health insurance plans to residents of the United States and offers subsidies to those who earn between one and four times the federal poverty line, but not to those earning less than the federal poverty line. The website also assists those persons who are eligible to sign up for Medicaid, and has a separate marketplace for small businesses.
Gigas is an international cloud computing services company based in Madrid, Spain. The company began as a start-up in 2011. The company has data centers in Madrid and Miami, and offices in Spain, US, Colombia, Chile, Peru and Panama.
Change Healthcare Inc. is a provider of revenue and payment cycle management that connects payers, providers, and patients within the U.S. healthcare system. The name also refers to a company founded in 2007 which subsequently became part of the current conglomerate. The company operates the largest financial and administrative information exchange in the United States.