Terremark Worldwide, Inc. (Nasdaq:TMRK - News), a leading operator of integrated Internet exchanges and a global provider of managed IT infrastructure solutions for government and private sectors, has announced that it has entered into a definitive agreement to acquire privately-held Data Return, LLC, a leading provider of enterprise-class technology hosting solutions, from Saratoga Partners. Strategic Value Points: - Accelerates growth of the managed hosting business in the U.S.

Outsourcing specialist CSC has agreed a deal to acquire Indian outsourcing specialist called Covansys for USD1.3 billion. Although US-based some 70% of Covansys' 9,000 employees are based in India. As a result of the acquisition CSC will double the number of employees in India. The intention of the acquisition is to boost CSC's capability to provide services from low-cost centres. The deal is expected to close in the summer.

Loudoun Exchange, a data centre complex in Ashburn comprising three single-story buildings totalling 432,000 square feet, was sold to Digital Realty Trust. Texas-based Archon Group sold the Class B flex buildings for a reported USD62.5 million. The buildings-43831, 43881 and 43791 Devin Safron Drive-were delivered in 2001 and are about 40 percent leased. Among the tenants are Amazon.com, Lockheed Martin and information technology company MORI Associates.

The EMC subsidiary has filed a Form S-1 Registration Statement with the Securities and Exchange Commission regarding its intention to open Class A Common Stock to market. According to the filing, the company will offer 10 percent of its Class A Common Stock in an IPO underwritten by Citi, JPMorgan, and Lehman Brothers, among others. Credit Suisse, Merrill Lynch, and Deutsche Bank Securities will also act as joint book-running managers, according to the company.

Savvis has announced its financial results for the three month period to the end of March 2007. Revenues were USD205.2 million for the period with net income of USD114.3 million. Income increased due to the sale of assets including the sale of its Content Distribution Network to Savvis. Adjusted EBITDA was USD39.6 million an increase of 56% year on year. Hosting revenues increased by 37% year on year and were assisted by the re-pricing of colocation service to market rates.

Terremark Worldwide, Inc. (Nasdaq:TMRK) a leading global operator of carrier-neutral integrated Internet Exchanges and provider of managed IT infrastructure solutions utilizing cutting edge virtualization and utility computing technologies, has announced that it has completed the acquisition of Data Return, LLC. Data Return is an established leader in the field of managed services and a pioneer in leveraging the power of virtualization to provide utility-enabled managed solutions.