8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported): May 21, 2008

TERREMARK WORLDWIDE, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	1-12475	84-0873124
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

One Biscayne Tower
2 South Biscayne Boulevard, Suite 2900
Miami, Florida 33131

(Address of Principal Executive Office)

Registrant’s telephone number, including area code (305) 856-3200

2601 S. Bayshore Drive, Miami, Florida 33133

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 Regulation FD Disclosure.

     On May 21, 2008, Terremark Worldwide, Inc. (the “Company”) issued a press release announcing that it has secured Computer Sciences Corporation (“CSC”) as an anchor tenant in the Company’s NAP of the Capital Region, forming a strategic initiative to support select critical infrastructure customer requirements in the federal marketplace. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference in this Item 7.01.

     Statements contained in the attached press release are made pursuant to the Safe Harbor for forward-looking statements described in the Private Securities Litigation Reform Act of 1995. In these communications, the Company may make certain statements that are forward-looking, such as statements regarding the Company’s future results and plans, and anticipated trends in the industry and economies in which the Company operates. These forward-looking statements are the Company’s expectations on the day of the press release, and the Company will make no efforts to update these expectations based on subsequent events or knowledge. These forward-looking statements are based on the Company’s current expectations and are subject to a number of risks, uncertainties, and assumptions, including that the Company’s revenue may differ from that projected; that the Company may be further impacted by slowdowns, postponements, or cancellations in the Company’s clients’ businesses, or deterioration in the financial condition of the Company’s clients; that the Company’s targeted service markets may not expand as the Company expects; that the Company may experience delays in the awarding of customer contracts; that the Company’s reserves and allowances may be inadequate, or the carrying value of the Company’s assets may be impaired; that the Company may experience increased costs associated with realigning the Company’s business, or may be unsuccessful in those efforts and any of the other risks contained in the Company’s Annual Report on Form 10-K. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from the results expressed or implied in any forward-looking statements made by the Company in these communications. These and other risks, uncertainties, and assumptions are detailed in documents filed by the Company with the Securities and Exchange Commission. The Company does not undertake any obligation to revise these forward-looking statements to reflect future events or circumstances.

     The information contained in Item 7.01 to this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing by the Company under the Securities Act of 1933, as amended.

ITEM 9.01. Financial Statements and Exhibits.

     (d) Exhibits.

Exhibit
Number	Description
99.1	Press Release, dated May 21, 2008

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TERREMARK WORLDWIDE, INC.
Date: May 21, 2008	By:	/s/ Jose A. Segrera
		Jose A. Segrera
		Chief Financial Officer

EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press Release, dated May 21, 2008

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

CSC & Terremark Team to Support Select IT
Infrastructure Requirements in the Federal Market

CSC Secured as Anchor Customer in Terremark’s NAP of the Capital Region

MIAMI – May 21, 2008 – Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading global provider of IT infrastructure services, today announced that Computer Sciences Corporation (NYSE: CSC), a leading IT services company, and Terremark have formed a strategic initiative to support select critical infrastructure customer requirements in the Federal marketplace.

Following an extensive vendor review, CSC selected Terremark based on its proven track record of servicing the Federal and commercial markets, its carrier-neutral status, and the superior design and ideal location of the NAP of the Capital Region. CSC anticipates continued strong demand for IT infrastructure services and solutions and looks forward to this strategic agreement with Terremark in order to offer additional world-class solutions to their customers.

The NAP of the Capital Region, which officially opens this June, will offer Terremark’s complete suite of managed services, its Infinistructure™ utility computing platform, and diverse connectivity options to Tier-1 network providers. The facility is strategically located in Culpeper, Va., 60 miles from Washington, D.C. and was specifically designed to exceed standards as a Federal data communications and hosting facility offering the ultimate in physical security. The 30-acre campus is the ideal location for government organizations, enterprises and Web 2.0 companies requiring managed infrastructure solutions engineered to meet the needs of today’s power, space and bandwidth-intensive mission-critical applications or hot/warm sites for disaster recovery/COOP environments. 

“We are very proud that CSC chose Terremark to help meet some of its significant IT infrastructure needs, and we believe that this relationship will help take Terremark to new heights,” said Manuel D. Medina, Terremark’s Chairman and CEO. “CSC’s selection of the NAP of the Capital Region for some of their federal IT infrastructure needs helps validate

our strategy and underscores the many advantages this state-of-the-art facility provides for both Federal and commercial customers.”

About Terremark Worldwide, Inc.

Terremark Worldwide (NASDAQ:TMRK) is a leading global provider of IT infrastructure services delivered on the industry’s most robust and advanced technology platform.  Leveraging data centers in the United States, Europe and Latin America with access to massive and diverse network connectivity, Terremark delivers government and enterprise customers a comprehensive suite of managed solutions including hosting, colocation, connectivity and security services.  Terremark’s acclaimed Infinistructure™ utility computing architecture has redefined industry standards for scalable and flexible computing infrastructure and its DigitalOps® service platform combines end-to-end systems management workflow with a comprehensive customer portal.   More information about Terremark Worldwide can be found at http://www.terremark.com.

About CSC

Computer Sciences Corporation is a leading IT services company. CSC’s mission is to be a global leader in providing technology-enabled business solutions and services.

With approximately 91,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC’s own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. CSC reported revenue of $16.1 billion for the 12 months ended Dec. 28, 2007. For more information, visit the company’s Web site at www.csc.com.

Statements contained in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Terremark’s actual results may differ materially from those set forth in the forward-looking statements due to a number of risks, ability to cross-sell across an acquired customer base, ability to increase revenue yields within facilities, ability to refinance existing debt, uncertainties and other factors, as discussed in Terremark’s filings with the SEC. These factors include, without limitation, Terremark’s ability to obtain funding for its business plans, uncertainty in the demand for Terremark’s services or products and Terremark’s ability to manage its growth, the successful integration of operations of acquired companies. Terremark does not assume any obligation to update these forward-looking statements.

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CONTACT:
Media Relations
Terremark Worldwide, Inc.
Xavier Gonzalez
305-860-7856
xgonzalez@terremark.com

Investor Relations
Terremark Worldwide, Inc.
Hunter Blankenbaker
305-860-7822
hblankenbaker@terremark.com