Exhibit 99.2

Terremark Worldwide, Inc. — Pro Forma Financial Information

TERREMARK WORLDWIDE, INC.
UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

     On May 24, 2007, the Company (“Purchaser”) completed the Interest Purchase Agreement (“Purchase Agreement”) to acquire Data Return, LLC (“Data Return” or Seller) from Saratoga Partners for an aggregate purchase price of $85.0 million, subject to adjustment. The aggregate purchase price of $85.0 million, was comprised of: (i) cash consideration of $70.0 million, $2.5 million of which has been placed in a two-year escrow account to satisfy certain indemnification obligations of the Seller which may arise from time to time, (ii) direct transaction costs of $0.4 million and (iii) issuance of 1,925,546 shares of the Company common stock with a fair value of $14.6 million. The fair value of the Company’s stock was determined using the five-day trading average price of the Company’s common stock for two days before and two days after the terms of the Purchase Agreement were agreed to and announced. At the closing date, the Company placed $2.5 million in an escrow account to be made available to satisfy the indemnification obligations of Seller, any management, consulting or other fees payable to the Seller, the cost of the retirement of any Seller outstanding preferred stocks, all legal broker and other fees payable by the Seller in connection with the transaction, plus certificates representing the stock consideration. The Purchase Agreement also included contingent consideration which was based on the determination of Seller’s net working capital target amount at the acquisition closing date. Any differences in the targeted working capital amount will be an adjustment to the purchase price. The valuation of the Seller’s net working capital amount is pending completion.

     The following unaudited pro forma condensed combined financial information is based on the historical financial statements of Terremark Worldwide, Inc. (Terremark) and Data Return, LLC (Data Return) and has been prepared to illustrate the effects of Terremark’s acquisition of Data Return. The unaudited pro forma condensed combined balance sheet as of March 31, 2007 gives effect to this acquisition accounted for under the purchase method of accounting, assuming that the transaction had been consummated at March 31, 2007. The unaudited pro forma condensed combined statement of operations for the twelve months ended March 31, 2007 gives effect to this acquisition assuming that the transaction had been consummated at April 1, 2006 and, due to different fiscal period ends, combines the historical results of Terremark for the twelve months ended March 31, 2007 and historical results of Data Return for the twelve months ended December 31, 2006.

     The Terremark balance sheet information was derived from its audited March 31, 2007 balance sheet included in its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. The Data Return balance sheet information was derived from its unaudited March 31, 2007 balance sheet included elsewhere herein.

     The results of Terremark’s statement of operations for the twelve months ended March 31, 2007 were derived from its audited statement of operations included in its Annual Report on Form 10-K for the fiscal year ended March 31, 2007 and the results of Data Return’s statement of operations for the twelve months ended December 31, 2006 were derived from its audited financial statements for the fiscal year ended December 31, 2006. The unaudited pro forma condensed combined financial statements do not give effect to any anticipated cost savings or revenue enhancements in connection with the transaction.

     The unaudited pro forma condensed combined financial statements have been prepared by Terremark management for illustrative purposes only and are not necessarily indicative of the condensed consolidated financial position or the results of operations in future periods or the results that actually would have been realized had Terremark and Data Return been a combined company during the specified periods. The pro forma adjustments are based on the information available at the time of the preparation of these statements. The unaudited pro forma condensed combined financial statements, including any notes thereto, are qualified in their entirety by reference to, and should be read in conjunction with the financial statements of Terremark for the year ended March 31, 2007 derived from its Annual Report on Form 10-K for the fiscal year ended March 31, 2007 filed with the Securities and Exchange Commission.

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TERREMARK WORLDWIDE, INC. AND SUBSIDIARIES
UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET

	Historical						Pro Forma
	Terremark at			Data Return, LLC at			Adjustments					Pro Forma
	March 31, 2007			March 31, 2007			and Reclassification					Combined
ASSETS
Current assets:
Cash and cash equivalents	$	105,090,779		$	1,770,686		$	(70,364,642	)	(A	)	$	36,496,823
Restricted cash		832,178			—			—					832,178
Accounts receivable, net		23,586,471			6,084,060			(3,526,972	)	(L	)		26,143,559
Current portion of capital lease receivable		2,616,175			—			—					2,616,175
Prepaid expenses and other current assets		5,085,263			993,334			—					6,078,597
Total current assets		137,210,866			8,848,080			(73,891,614	)				72,167,332
Restricted cash		1,602,963			—			—					1,602,963
Property and equipment, net		137,936,954			3,918,121			5,867,880		(B	)		147,722,955
Debt issuance costs, net		5,898,355			74,894			(74,894	)	(A	)		5,898,355
Other assets		5,439,708			146,771			—					5,586,479
Capital lease receivable, net of current portion		1,885,646			—			—					1,885,646
Intangibles, net		2,900,000			2,161,604			11,800,000		(D	)
								738,396		(D	)		17,600,000
Goodwill		16,771,189			—			66,470,431		(E	)		83,241,620
Total assets	$	309,645,681		$	15,149,470		$	10,910,199				$	335,705,350
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of debt and capital lease obligations	$	2,221,677		$	2,177,935		$	(1,677,832	)	(A	)	$	2,721,780
Accounts payable and other current liabilities		29,752,638			9,562,521			(168,840	)	(F	)
								2,901,964		(G	)
								(598,631	)	(H	)
								(3,526,972	)	(L	)		37,922,680
Interest payable		3,663,248			1,042,322			(1,042,322	)	(A	)		3,663,248
Total current liabilities		35,637,563			12,782,778			(4,112,633	)				44,307,708
Mortgage payable, less current portion		45,531,211			—			—					45,531,211
Convertible debt		69,914,065			—			—					69,914,065
Derivatives embedded with convertible debt, at estimated fair value		16,796,865			—			—					16,796,865
Notes payable		42,279,711			13,167,042			(13,167,042	)	(A	)		42,279,711
Deferred rent and other liabilities		3,507,173			924,336			(605,011	)	(F	)		3,826,498
Capital lease obligations, less current portion		1,738,314			—			—					1,738,314
Deferred tax liability		—			—			1,558,000		(C	)		1,558,000
Deferred revenue		4,742,258			408,853			(408,853	)	(H	)		4,742,258
Total liabilities		220,147,160			27,283,009			(16,735,539	)				230,694,630
Commitments and contingencies
Stockholders’ equity:
Series I convertible preferred stock: $.001 par value, 323 shares issued and outstanding (liquidation value of approximately $8.3 million)		1			—			—					1
Common stock: $.001 par value, 100,000,000 shares authorized; 55,813,129 shares issued		55,813			—			1,926		(I	)		57,739
Common stock warrants		12,596,638			—			—					12,596,638
Additional paid-in capital		377,138,006			9,829,516			(9,829,516	)	(K	)
								15,510,273		(J	)		392,648,279
Accumulated deficit		(300,197,561	)		(26,624,751	)		26,624,751		(K	)		(300,197,561	)
Accrued dividends		—			4,698,832			(4,698,832	)	(K	)		—
Accumulated other comprehensive income (loss)		89,991			(17,136	)		17,136		(K	)		89,991
Note receivable		(184,367	)		(20,000	)		20,000		(K	)		(184,367	)
Total stockholders’ equity		89,498,521			(12,133,539	)		27,645,738					105,010,720
Total liabilities and stockholders’ equity	$	309,645,681		$	15,149,470		$	10,910,199				$	335,705,350

See accompanying notes to the unaudited pro forma condensed combined consolidated financial statements.

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TERREMARK WORLDWIDE INC AND SUBSIDIARIES
UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS

	Historical
	Terremark			Data Return, LLC
	Consolidated			Consolidated
	Year Ended			Year Ended			Pro Forma
	March 31, 2007			December 31, 2006			Adjustments					Pro Forma Combined
Revenues
Operating revenues	$	100,948,181		$	55,159,440		$	(731,997	)	(M	)	$	155,375,624
Total revenues		100,948,181			55,159,440			(731,997	)				155,375,624
Expenses
Cost of revenues, excluding depreciation		56,902,374			36,650,296			—					93,552,670
General and administrative		17,613,604			5,887,425			—					23,501,029
Sales and marketing		11,440,703			9,054,330			—					20,495,033
Depreciation and amortization		11,010,862			5,813,620			1,213,513		(N	)
								1,955,960		(O	)		19,993,955
Operating expenses		96,967,543			57,405,671			3,169,473					157,542,687
Income (loss) from operations		3,980,638			(2,246,231	)		(3,901,470	)				(2,167,063	)
Other income (expenses)
Change in fair value of derivatives embedded within convertible debt		8,276,712			—			—					8,276,712
Interest expense		(28,214,563	)		(1,536,767	)		1,385,733		(P	)		(28,365,597	)
Interest income		1,256,295			54,125			—					1,310,420
Other, net		(34,267	)		(87,379	)		—					(121,646	)
Total other income (expenses)		(18,715,823	)		(1,570,021	)		1,385,733					(18,900,111	)
Loss before income taxes		(14,735,185	)		(3,816,252	)		(2,515,737	)				(21,067,174	)
Income taxes		216,981			—			—					216,981
Net loss		(14,952,166	)		(3,816,252	)		(2,515,737	)				(21,284,155	)
Preferred dividend		(676,150	)		(1,372,831	)		—					(2,048,981	)
Net loss attributable to common stockholders	$	(15,628,316	)	$	(5,189,083	)	$	(2,515,737	)			$	(23,333,136	)
Net loss per common share:
Basic	$	(0.35	)									$	(0.51	)
Diluted	$	(0.36	)									$	(0.51	)
Weighted average common shares outstanding — Basic		44,151,259						1,925,546		(Q	)		46,076,805
Weighted average common shares outstanding — Diluted		44,267,041						1,925,546		(Q	)		46,192,587

See accompanying notes to the unaudited pro forma condensed combined consolidated financial statements.

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NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET
(Dollars in thousands, except per share data)

The following pro forma adjustments have been made to the historical balance sheet:

(A) Reflects the cash paid to acquire the membership interests of Data Return. Includes $0.4 million of acquisition costs. In addition, $14.9 million of debt was paid off in connection with the transaction of which $1.7 million was classified as short-term and $13.2 million was classified as long-term. Approximately $1.0 million of accrued interest payable was also paid off and $0.1 million of deferred issuance costs were written off.

(B) Reflects the step-up in the basis of the fixed assets to estimated fair market value as a result of the acquisition of Data Return.

(C) To adjust deferred taxes in connection with the acquisition.

(D) Reflects the adjustments to estimated fair values of identifiable intangibles in connection with the transaction. The estimated identifiable intangibles and respective estimated useful lives are as follows:

Identifiable Intangibles:
Technology — Infinistructure	5 years		1,100
Trademarks — DigitalOps	Indefinite		2,500
Trademarks — Infinistructure	Indefinite		1,600
Customer Relationships	8 years		6,500
Non-Competition Agreements	3 years		100
Identifiable Intangibles		$	11,800
Reflects the step-up in the basis of the intangible asset to estimated fair market value as a result of the acquisition of Data Return:
Technology — DigitalOps	5 years	$	738
Total identifiable intangibles		$	12,538

(E) The preliminary purchase price allocation is as follows:

Cash paid to the sellers	$	70,000
Value of Terremark common stock issued as part of purchase price		15,512
Estimated direct acquisition costs		364
Total purchase price	$	85,876
Adjustments to historical book values and allocation of purchase price:
Historical net book value of Data Return assets and liabilities	$	12,134
Liabilities not assumed		(1,782	)
Payoff of debt and accrued interest at closing		(15,812	)
Establishment of liabilities related to the acquisition		2,902
Establishment of deferred income taxes in connection with the acquisition		1,558
Adjustments to adjust Data Return assets and liabilities to fair value:
Property and Equipment		(5,868	)
Identifiable intangibles		(12,538	)
Goodwill	$	66,470

(F) To eliminate liability not assumed as these amounts relate to an acquired operating lease which was determined to be at market rate and thus at estimated fair value.

(G)   To establish liabilities in connection with the acquisition:
Unit awards vested and paid at closing	$	1,320
Severance paid to certain Data Return executives		675
Severance accrual for eliminated positions		76
Bonuses paid to Data Return employees		700
Employer taxes related to bonuses paid		52
Vacation accrual		79
Total liabilities established in purchase accounting	$	2,902

(H) Reflects adjustment for deferred revenue derived from set-up fees and not considered an assumed liability as this does not represent a legal performance obligation for Terremark.

(I) Par value of common stock issued in connection with the transaction - 1,925,546 shares, par value $.001

(J) Increase to additional paid-in-capital for the value of the common stock issued. The common stock was valued as of 3/30/07 based on an average closing price of $8.06, for purposes of the pro forma financial information.

(K) Reflects the elimination of the respective equity accounts for Data Return.

(L) Reclassification of advance billings classified as deferred revenue against accounts receivable, net to conform to Terremark’s balance sheet presentation.

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NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS
(Dollars in thousands, except per share data)

The following pro forma adjustments have been made to the historical statement of operations:

(M) Reflects adjustment for revenue derived from set-up fees which was serviced prior to 12/31/05 and deferred at 1/1/06. Terremark would not assume this liability at 1/1/06 and therefore would not recognize the related revenue as this does represent a legal performance obligation for Terremark.

(N) Adjustment to record amortization expense related to the acquired identifiable amortizable intangibles. The identifiable intangibles, respective useful lives and related amortization are as follows:

Technology — DigitalOps	5 years	$	148
Technology — Infinistructure	5 years		220
Customer Relationships	8 years		813
Non-Competition Agreements	3 years		33
		$	1,214

(O) Adjustment to record depreciation expense in connection with the step-up ($5,867,880) in the basis of the property and equipment to estimated fair market value as a result of the acquisition of Data Return. The property and equipment is being depreciated over an average estimated life of three years. The incremental depreciation expense is $1,955,960.

(P) To eliminate the interest expense related to all of the debt that was paid off in connection with the acquisition.

(Q) The pro forma basic and diluted net loss per share are based on the number of Terremark shares of common stock used in computing basic and diluted net loss per share and includes the additional shares that were issued in connection with the acquisition.

(R) Subsequent to March 31, 2007, the balance sheet date of these pro formas, Terremark entered into additional debt financing transactions as described in the Form 8-K’s filed with the Securities & Exchange Commission on May 4, 2007 and on August 6, 2007. The effects of these debt financing transactions have not been reflected in these pro formas.

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