When Terremark Worldwide Inc., founded by Miami tech pioneer Manny Medina, was sold to Verizon in 2011 for $1.4 billion, the move was part of a vertical integration trend among telecommunications companies acquiring data centers.
Now the trend has reversed, and Medina Capital, a Miami-based private equity firm led by Medina, has seized on a different group of data centers that, paired with Medina’s cybersecurity and data analytics companies, has resulted in a deal valued at $2.8 billion.
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