Terremark Worldwide Inc. (NASDAQ:TMRK) has promoted Marvin Wheeler to
chief strategy officer. Wheeler previously was COO and president of the U.S. commercial business.
The IT infrastructure services and data center company -- which offers hosting, disaster recovery, cloud computing, security and other services to clients -- is hoping to strengthen its business through strategic alliances and acquisitions. It will be new territory for Terremark, which to date has focused largely on organic growth.
As The Deal's Baz Hiralal noted in this
post, the data management industry has seen an uptick in M&A, including data center and Internet exchange provider Equinix Inc.'s (NASDAQ:EQIX) $689 million cash and stock acquisition of Switch & Data Facilities Co. (NASDAQ:SDXC). And tech titans including Cisco Systems Inc. (NASDAQ:CSCO), Dell Inc. (NASDAQ:DELL) and IBM Corp. (NYSE:IBM) are active in the space as well.
Meaning Wheeler will face plenty of competition as he works to expand Terremark's market share. -
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