NAVISITE INC.-bald ist megaständer-zeit!
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hat lediglich nach einen reversesplit nun 28 mio aktien am markt!die story stimmt auch!ich persönlich hab an der heimatbörse gekauft, aber bitte dann nur mit orderzusatz, ansonsten bekommt man eventuell zu viele teilausführungen!
remember:
Die amerikanische Internet-Investmentgesellschaft CMGI hat gestern den Großteil ihrer Beteiligung an dem an der NASDAQ gelisteten Unternehmen NaviSite verkauft. Käufer des 76-prozentigen Anteils ist ClearBlue, ein IT-Dienstleister.
Finanzielle Einzelheiten des Deals wurden nicht bekannt, aber laut Börsenkurs war der Anteil gestern ca. 13 Mio. Dollar wert. Anfang des Jahres 2000 wurde Navisite an der Börse noch mit ca. 10 Mrd. Dollar bewertet.
Die Aktie des Unternehmens soll trotz der Übernahme weiterhin an der NASDAQ gelistet sein
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Today 5d 1m 3m 1y 5y 10y
NaviSite Announces New Members of Sales and Management Team; Company Exhibits Growth With New Hires In Key Areas Including Channel Sales, Hosting Services, Outsourcing Services and Professional Services
-NaviSite, Inc. (NASDAQ: NAVI), a leading provider of IT hosting, outsourcing, and professional services for mid- to large-sized organizations, today announced several new additions to its sales and management teams. The company continues to build up several of its key growth areas across all three of its business units. Key additions to the Professional Services practice include Jeff Johnson as Regional Vice President of Sales - East, and Patricia Yates, Regional Vice President of Sales - West. The Hosting Services business unit has been strengthened with the addition of Bob Durgy, Regional Vice President of Sales - East, and Mike Mazur, Vice President of Channel Sales and Alliances. Senior new hires to the Outsourcing Services practice area include Joe Murphy as the Vice President of Sales and Tom McAndrew, Vice President of Delivery.
Jeff Johnson, formerly of Oracle Corporation, will be working closely with Nasir Cochinwala, SVP of Professional Services, to build out NaviSite's Sales capacity for the Professional Services practice in the East, specifically related to Oracle application products. Prior to NaviSite, Johnson served as a Regional Vice President at Oracle Corporation, where he was responsible for selling and managing over $25 million in business within key Oracle manufacturing accounts. Johnson also generated new business opportunities and relationships within Oracle Applications install base accounts, and served as an Architect for large, complex ERP and Business Process Automation. Patricia Yates joins the Professional Services leadership team as well, and brings over 22 years of software and systems integration solutions experience - holding positions at Oracle Corporation, Computer Sciences Corporation and TRW. Yates will be leading the sales team in the West to enhance NaviSite's presence in the West Coast related to Oracle application and technology product stack.
Michael Mazur joins NaviSite's Hosting Services business unit, and brings extensive experience as a senior channel executive for several leading companies including Verio, Inc. Mazur will be tasked with further building out NaviSite's channel and alliance sales area. His industry sales management experience includes over seven years in the Web Hosting and IP field, with a total of 12 years in technology sales. Mazur was recognized by VARBusiness magazine as one of the "Top Ten Channel Chiefs to Watch" in 2005. Bob Durgy will join the Hosting Services unit as well, bringing a strong background in competitive sales and strategies with over 15 years' progressive sales experience and over eight years in IT sales and sales management, most recently working for Verio, Inc.
Joe Murphy will be working closely with Sumeet Sabharwal, SVP of Outsourcing Services to further expand NaviSite's Outsourcing Services business unit. He brings a wealth of relevant experience to NaviSite with 25 years' experience in IT consulting specializing in outsourcing, IT strategy and IT optimization. Prior to joining NaviSite, Murphy spent 15 years holding various leadership positions at Unisys, a $5B IT services company, headed up CTG's IT Solutions Group, for onshore and offshore outsourcing, application planning and QA and Testing. He also led Application Management Services for Sapient Corporation, helping the company double its outsourcing revenues and grow Sapient's offshore organization to 1,000 consultants. Additionally, Tom McAndrew brings a combined 30 years of IT and professional services consulting experience to NaviSite's Outsourcing Services business unit and has held various senior management roles for 17 years a Computer Sciences Corporation where McAndrew ran the eBusiness Practice and at E5 Systems where he helped build offshore development centers in China and India.
"As our core businesses continue to grow and develop, so will our need for highly qualified professionals to accomplish our goals in further building out our professional services and channel sales areas," said Arthur Becker, CEO of NaviSite. "We are happy to welcome each of these key new hires tasked to help NaviSite continue to grow in 2006."
About NaviSite, Inc.
NaviSite provides IT hosting, outsourcing and professional services for mid- to large-sized organizations. Leveraging a proven set of technologies and extensive subject matter expertise, we deliver cost-effective, flexible solutions that provide responsive and predictable levels of service for our clients' business. Over 900 companies across a variety of industries rely on NaviSite to build, implement and manage their mission-critical systems and applications. NaviSite is a trusted advisor committed to ensuring the long-term success of our customers' business applications and technology strategy. NaviSite has 14 state-of-the-art data centers and 8 major office locations across the U.S., U.K., and India. For more information, please visit www.navisite.com or call 978.682.8300.
NaviSite, Inc.
Bernd Leger, 978-946-8729
pr@navisite.com
or
Lois Paul & Partners
Darlene Doyle, 781-782-5868
darlene_doyle@lpp.com
Source: Business Wire (February 27, 2006 - 9:03 AM EST)
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NaviSite, Inc. (Nasdaq: NAVI) Chief Executive Officer, Arthur Becker, and Chief Financial Officer, John J. Gavin, Jr., will host a conference call on Tuesday, March 14, 2006 at 9:00 a.m. Eastern Time to discuss the Company's results for its second quarter fiscal year 2006. The conference call is open to all interested parties.
--------------------------------------------------
Call In Details:
Date and Time: Tuesday, March 14, 2006, 9:00 a.m. Eastern Time
Call In #: 866-383-7998 (International: 617-597-5329)
Enter PIN#: 31812739
Dial In Replay: 888-286-8010 (International: 617-801-6888)
Enter PIN #: 64461988
Available 30 minutes following the conclusion of the call and archived
through March 14, 2007.
Archived Replay: http://www.navisite.com/earningscalls
Available 24 hours following conclusion of the call.
Call-in and replay details can also be found on NaviSite's website at http://www.navisite.com/sublevel.aspx?id=112.
About NaviSite
NaviSite provides IT hosting, outsourcing and professional services for mid- to large-sized organizations. Leveraging a proven set of technologies and extensive subject matter expertise, we deliver cost-effective, flexible solutions that provide responsive and predictable levels of service for our clients' business. Over 900 companies across a variety of industries rely on NaviSite to build, implement and manage their mission-critical systems and applications. NaviSite is a trusted advisor committed to ensuring the long-term success of our customers' business applications and technology strategy. NaviSite has 14 state-of-the-art data centers and 8 major office locations across the U.S., U.K., and India. For more information, please visit www.navisite.com or call 978.682.8300.
All logos, company and product names my be trademarks of their respective owners
Lois Paul & Partners
Darlene Doyle, 781-782-5868
Darlene_doyle@lpp.com
Source: Business Wire (March 6, 2006 - 9:01 AM EST)
News by QuoteMedia
www.quotemedia.com
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NaviSite Reports Second Quarter Fiscal Year 2006 Results
Sequential Revenue Growth of 3.4% over Q1 FY06
Tenth Consecutive Quarter of Positive EBITDA
Continued Strong Customer Bookings
Andover, Mass. March 13, 2006 - NaviSite, Inc. (Nasdaq: NAVI), a leading provider of IT hosting, outsourcing and professional services for mid- to large-sized organizations, today reported financial results for its second quarter of fiscal year 2006, which ended January 31, 2006.
Revenue for the second quarter of fiscal year 2006 was $26.3 million, compared to $25.4 million for the first quarter of fiscal year 2006 and $28.4 million for the second quarter of fiscal year 2005. Revenue for the second quarter of fiscal year 2005 included approximately $1.1 million from the Microsoft Business Solutions Software and Professional Services Practice, which was sold in July 2005. Revenue for the second quarter of fiscal year 2006 increased approximately $0.9 million, or 3.4%, over the first quarter of fiscal year 2006.
NaviSite recorded $2.9 million of EBITDA, excluding impairment, stock-based compensation and other one-time charges for the second quarter of fiscal year 2006, marking the Company’s tenth consecutive quarter of positive EBITDA. Excluding non-cash, stock-based compensation expense of $244,000, NaviSite generated gross profit of $7.9 million, or 30% of revenue, for the second quarter of fiscal year 2006, as compared to $7.7 million, or 27% of revenue, for the same fiscal quarter of 2005 and $8.0 million, or 31% of revenue, for the first quarter of fiscal year 2006. NaviSite recorded a net loss of $4.0 million, or a loss of $.14 cents per share, for the second quarter of fiscal year 2006, as compared to a loss of $4.6 million, or a loss of $.17 cents per share, for the same fiscal quarter of 2005.
The Company’s cash balance at the end of the second quarter of fiscal year 2006 was $1.9 million, an increase of $0.1 million from the end of the first quarter of fiscal year 2006. NaviSite had positive cash flow from operations of approximately $2.0 million in the second quarter of fiscal year 2006, which was substantially offset by cash flows from investing and financing activities. NaviSite has generated positive cash from operations in four of its last five fiscal quarters.
“We’re very pleased with our second consecutive quarter of organic revenue growth and our tenth consecutive quarter of positive EBITDA,” said Arthur Becker, CEO, NaviSite. “Our continued strong customer bookings speak to the value we’re delivering to our customers as their trusted partner of choice for hosting, outsourcing and professional services. We expect to continue our strong momentum moving into the second half of the year to make 2006 a year of solid growth for NaviSite.”
“We’re continuing to work with an investment banker engaged in the first quarter to facilitate the refinancing of the Company’s short-term debt associated with our Silicon Valley Bank credit facility and obligations arising from our acquisition of the AppliedTheory and Surebridge businesses,” said John Gavin, CFO, NaviSite. “The Company expects to close on this refinancing in the next 45 days.”
Business highlights for the second quarter of fiscal year 2006 include:
Increased hosting bookings by 63% over the second quarter of fiscal year 2005. Booked approximately $570,000 of new monthly recurring revenue with $13.4 million of total contract value, compared to approximately $350,000 of new monthly recurring revenue and $10.9 million of total contract value in the second quarter of fiscal year 2005.
Increased professional services bookings by 221% over the second quarter of fiscal year 2005. Closed approximately $3.2 million of professional services contract value, compared to approximately $1.0 million of professional services contract value in the second quarter of fiscal year 2005.
Signed 50 new customers in the second quarter of 2006, including four from NaviSite’s UK office. Deals closed in the second quarter included Coverpoint.biz, Performancing, LLC (formerly Text Link Ads, Inc.), Archimedes, Singlefin, Telstra, Ramsell Corporation and United Utilities.
Renewed existing customer contracts or expanded business with New York State Department of Labor, Premiere Global Services, Welch Allyn, DMSi, Quixote, SHOP.com and Lifespan.
Continued to reduce customer churn, defined as the loss of a customer or a reduction in a customer’s monthly revenue run rate, excluding our major accounts, at 0.9% per month for the quarter, compared to 2.1% per month for the second quarter of fiscal year 2005 and well below our goal of 2% per month. Churn for the first quarter of fiscal year 2006 was 1.0% per month.
Marked the one-year anniversary of our India operation by accomplishing several major milestones:
Expanded our operations to 90 employees;
Transitioned a portion of NaviSite’s PeopleSoft hosting support to NaviSite India and completed the first successful PeopleSoft customer engagement in NaviSite India;
Grew the NaviSite India Professional Services and Outsourcing Services;
Implemented a global 24x7 support environment for NaviSite’s core infrastructure management activities - including messaging, network management, database administration and services management; and
Built skill sets in various infrastructure and application domains including Windows, Unix, Exchange, Domino, Network Engineering and Help Desk; Oracle E-Business Suite, PeopleSoft Enterprise, JD Edwards EnterpriseOne; eBusiness technologies including Microsoft .NET, Java/J2EE, and open source.
Completed SAS 70 Type II (Statement on Auditing Standards No. 70) Audit for the Company’s San Jose, California facility. NaviSite’s data center in Andover, Massachusetts completed its fourth successful SAS 70 Type II Audit, demonstrating the Company’s commitment to compliance standards.
Recognized by HostReview with the Best Managed Hosting Service Award in its January 2006 Top 10 Web Host Awards. The Best Managed Hosting Service is an award intended to mark the companies with the best performance in the last month. The criteria for the award includes: overall presence of the company and equipment procurement, provisioning and installation, and network monitoring and management capabilities.
Launched a number of new and expanded product offerings including:
Monitoring Services: Extended the Company’s extensive monitoring capabilities to customers whose servers are located outside of a NaviSite data center. NaviSite’s Remote Monitoring Services simplify the application and infrastructure monitoring and management process by providing a comprehensive view of IT systems through one interface: NaviView, NaviSite’s IT management portal.
Help Desk Services: Launched formalized Help Desk Support Services for enterprise applications and desktop computers. NaviSite’s Application Help Desk Support Services provide front-line support for application-related questions regarding Oracle E-Business Suite, PeopleSoft and Siebel. NaviSite’s product offering for desktop support includes full end-user support, such as account management (e.g. account creation, resetting passwords, permission changes), PC troubleshooting, remote network management, VPN troubleshooting, DNS & WINS management, and dial-up troubleshooting.
Consulting Services for Business Intelligence: NaviSite Professional Services (NPS) launched a new set of solutions and services in Business Intelligence (BI) and Data Warehousing. Companies can turn to NaviSite to help define their Business Intelligence vision, build a Business Intelligence implementation roadmap and design Business Intelligence programs that effectively align a company’s strategic goals and priorities with its operations.
Guidance:
NaviSite projects revenue for the third quarter of fiscal year 2006 to be between $28.1 and $28.5 million, expected growth of 8% over the second quarter of fiscal year 2006, and projects revenue for fiscal year 2006 to be between $111.0 and $113.0 million. EBITDA, excluding impairment, stock-based compensation and one-time charges, is projected to be between $4.2 and $4.6 million for the third quarter of fiscal year 2006 and between $16.0 and $16.5 million for fiscal year 2006.
Conference Call Scheduled for March 14, 2006
NaviSite’s Chief Executive Officer, Arthur Becker, and Chief Financial Officer, John J. Gavin, Jr., will host a conference call to discuss NaviSite's second quarter fiscal year 2006 financial results at 9:00 a.m. Eastern Time on March 14, 2006.
Call In Details:
Date and Time: Tuesday, March 14, 2006, 9:00 a.m. Eastern Time
Call In #: 866-383-7998 (International: 617-597-5329)
Enter PIN#: 31812739
Dial In Replay: 888-286-8010 (International: 617-801-6888)
Enter PIN #: 64461988
Available 30 minutes following the conclusion of the call and archived through March 14, 2007.
Archived Replay: http://www.navisite.com/earningscalls
Available 24 hours following conclusion of the call.
Call-in and replay details can also be found on NaviSite's website at http://www.navisite.com/sublevel.aspx?id=112.
EBITDA
EBITDA is not a recognized measure for financial statement presentation under United States generally accepted accounting principles (U.S. GAAP). The Company believes that the non-GAAP measure of EBITDA provides investors with a useful supplemental measure of the Company's actual and expected operating and financial performance by excluding the impact of interest, taxes, depreciation and amortization. The Company also excludes impairment, non-cash stock-based compensation and other one-time charges from its non-GAAP measure, as such items may be considered to be of a non-operational nature. EBITDA does not have any standardized definition and therefore may not be comparable to similar measures presented by other reporting companies. Management uses EBITDA to assist in evaluating the Company's actual and expected operating and financial performance. These non-GAAP results should not be evaluated in isolation of, or as a substitute for, the Company's financial results prepared in accordance with U.S. GAAP. A table reconciling the Company's net loss, as reported, to EBITDA is included in the consolidated financial statements in this release. The Company believes that using expected EBITDA as a performance measure, together with expected net loss, will help investors better understand the Company's underlying financial performance. A table reconciling expected net loss to expected EBITDA for the second quarter of fiscal year 2006 is also included in this release.
CLICK HERE TO VIEW THE FINANCIAL TABLES.
About NaviSite
NaviSite provides IT hosting, outsourcing and professional services for mid- to large-sized organizations. Leveraging a proven set of technologies and extensive subject matter expertise, we deliver cost-effective, flexible solutions that provide responsive and predictable levels of service for our clients’ businesses. Over 900 companies across a variety of industries rely on NaviSite to build, implement and manage their mission-critical systems and applications. NaviSite is a trusted advisor committed to ensuring the long-term success of our customers’ business applications and technology strategies. NaviSite has 14 state-of-the-art data centers and eight major office locations across the U.S., U.K. and India. For more information, please visit www.navisite.com.
###
This release contains forward-looking statements, which address a variety of subjects including the expected future operating and financial results, including profitability, revenue growth and EBITDA, the expected refinancing of the company’s indebtedness, success and performance of NaviSite's product and service offerings, NaviSite's strategic business plans for growing its customer base and increasing sales, the expected benefits, efficiencies, synergies and integration efforts of the Surebridge acquisition, and the expected financial results and growth of the combined entity. All statements other than statements of historical fact, including without limitation those with respect to NaviSite's goals, plans and strategies set forth herein, are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: NaviSite's success, including its ability to improve its gross profit, improve its cash flows, expand its operations and revenue, and reach and sustain profitability, depends on its ability to execute on its business strategy and the continued and increased demand for and market acceptance of its products and services; the possibility that financial forecasts of the Company may not be achieved, including those as to expected EBITDA and revenue, due to problems or unexpected costs that may arise in successfully integrating the Surebridge business or an inability to realize expected synergies or make expected future investments in the combined businesses NaviSite may be unable to raise the necessary funds to meet its payment obligations to certain creditors; NaviSite's management may face strain on managerial and operational resources as they try to oversee the expanded operations; NaviSite may not be able to expand its operations in accordance with its business strategy; NaviSite may experience difficulties integrating technologies, operations and personnel in accordance with its business strategy; NaviSite's acquisition of companies and businesses may not produce expected cost savings, operational efficiencies or revenue; NaviSite's products, technologies, and resources may not successfully operate with the technology, resources and/or applications of third parties; NaviSite derives a significant portion of its revenue from a small number of customers and the loss of any of those customers would significantly damage NaviSite's financial condition and results of operations; and increased competition and technological changes in the markets in which NaviSite's competes. For a detailed discussion of cautionary statements that may affect NaviSite's future results of operations and financial results, please refer to NaviSite's filings with the Securities and Exchange Commission, including NaviSite's most recent Quarterly Report on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. We do not undertake any obligation to update forward-looking statements made by us. All logos, company and product names may be trademarks or registered trademarks of their respective owners.
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15:55:01 2,7200 200
15:52:56 2,7200 4400
15:52:14 2,6500 200
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15:50:27 2,7200 357
15:49:56 2,7300 160
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15:45:10 2,7300 1000
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15:44:23 2,7000 200
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15:44:10 2,6896 375
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15:39:37 2,7000 200
15:38:47 2,7600 200
15:38:08 2,5800 1054
15:38:07 2,5800 500
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15:38:03 2,6000 100
15:38:03 2,5800 400
15:38:00 2,6100 200
15:38:00 2,5900 200
15:37:59 2,6175 250
15:37:58 2,5800 200
15:37:58 2,5800 200
15:37:57 2,6500 500
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15:37:56 2,6600 500
15:37:53 2,6700 500
15:37:49 2,6600 1665
15:37:48 2,7100 300
15:37:48 2,7200 240
15:37:48 2,7200 100
15:37:48 2,7200 100
15:37:48 2,7400 100
15:37:46 2,7600 400
15:37:45 2,7800 637
15:37:45 2,7800 163
15:37:43 2,7900 100
15:37:03 2,8400 175
15:36:16 2,7800 200
15:36:06 2,8000 200
15:35:38 2,8000 100
15:35:38 2,8000 400
15:35:06 2,8000 700
15:33:58 2,8000 400
15:33:49 2,8400 300
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15:32:45 2,8400 1000
15:32:28 2,8000 137
15:32:28 2,8000 100
15:32:27 2,8000 2376
15:32:27 2,8100 100
15:32:27 2,8100 300
15:32:16 2,8500 1000
15:32:09 2,8600 500
15:30:05 2,8500 2750
15:30:02 3,0000 0
15:30:02 3,0000 3345
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Schluss Vortag
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NAVI 3.75 0.95
Today 5d 1m 3m 1y 5y 10y
NaviSite Launches Colocation and Dedicated Hosting Microsites; Sites Provide Detailed Information on NaviSite's Colocation and Dedicated Hosting Services
NaviSite, Inc. (NASDAQ: NAVI), a leading provider of IT hosting, outsourcing, and professional services for mid- to large-sized organizations, today announced that NaviSite has launched two new microsites devoted entirely to the Company's colocation and dedicated hosting offerings in an effort to provide detailed information to customers and prospective customers when they are making purchasing decisions.
NaviSite's colocation microsite is optimized for organizations specifically looking for colocation offerings. Each data center has a dedicated landing page with an overview of NaviSite's services, detailed specifications, a link to NaviSite's network carrier partners, and visual tour of the data center. Also included are details on NaviSite's Always There(R) Customer Support, information related to NaviSite's industry certifications, and additional NaviSite service offerings.
NaviSite's colocation hosting and managed colocation offerings are aimed at customers that want to maintain their own infrastructure within NaviSite's secure, enterprise-class data centers. NaviSite offers cost-effective colocation hosting and managed colocation solutions designed to grow with each customer -- including rapid infrastructure deployment, a complete suite of related IT services, and global capabilities. For more information, please visit: http://colocation.navisite.com/.
To address growing interest in dedicated hosting services, NaviSite has also launched a dedicated hosting microsite. This microsite includes information on NaviSite's Windows and Linux-based hosting solutions, custom dedicated hosting options, and related hosting services, such as DNS Management and Online Backup Services.
NaviSite's Dedicated Hosting services, designed specifically for small to mid-sized organizations, provide enterprise-class, dedicated server hosting services at a competitive price. NaviSite offers packaged, managed dedicated hosting solutions with flexible options to get customers up and running quickly and efficiently. In addition, NaviSite delivers three-dimensional scalability, enabling customers to easily expand their dedicated hosting infrastructure within the data center, extend their geographical reach across NaviSite's 14 data centers, and add other managed services as needed. For more information, please visit: http://dedicatedhosting.navisite.com/.
"As part of NaviSite's continued efforts to be a trusted resource to our customers, we are happy to announce the launch of our new microsites," said Mark Clayman, Sr. Vice President of Hosting Services, NaviSite. "These sites are armed with a wealth of information for customers and prospective customers who are deciding to maintain their critical IT infrastructure within NaviSite's enterprise-class data centers."
About NaviSite, Inc.
NaviSite provides IT hosting, outsourcing and professional services for mid- to large-sized organizations. Leveraging a proven set of technologies and extensive subject matter expertise, we deliver cost-effective, flexible solutions that provide responsive and predictable levels of service for our clients' business. Over 900 companies across a variety of industries rely on NaviSite to build, implement and manage their mission-critical systems and applications. NaviSite is a trusted advisor committed to ensuring the long-term success of our customers' business applications and technology strategy. NaviSite has 14 state-of-the-art data centers and 8 major office locations across the U.S., U.K., and India. For more information, please visit www.navisite.com or call 978.682.8300.
This release contains forward-looking statements that address a variety of subjects, including the success and performance of NaviSite's service offerings and the success and benefits of its products and services offerings. All statements other than statements of historical fact, including without limitation, those with respect to NaviSite's goals, plans and strategies set forth herein, are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: NaviSite's success is dependent on its ability to achieve and maintain profitability and obtain and maintain sufficient working capital, which includes refinancing of its existing indebtedness; NaviSite's success is dependent upon its ability to integrate the companies and assets it recently acquired; NaviSite's recent acquisitions may not produce expected cost savings, operational efficiencies or revenues; NaviSite's products, technologies and resources may not successfully interoperate with the technology, resources and/or applications of third parties; NaviSite's success, including its ability to decrease its cash burn rate, improve its cash position, and grow its business and revenues to reach profitability, depends on its ability to execute on its business strategy and the continued and increased demand for NaviSite's services and the Internet in general; NaviSite's business may be adversely affected by further slow down in general economic conditions; the loss of customers due to the shutdown of their businesses; decreased or delayed purchase patterns of prospective or current customers or loss of current customers and market consolidation; the decreased renewal rate of our customers; increased competition and technological changes in the markets in which NaviSite competes; the effects of any future acquisitions of businesses or technologies; changes in the uses of the Internet; and possible failure of systems or internal infrastructure. For a detailed discussion of these and other cautionary statements, please refer to the filings made by NaviSite with the Securities and Exchange Commission, including the most recent Quarterly Report on Form 10-Q of NaviSite. We do not undertake any obligation to update forward-looking statements made by us.
Lois Paul & Partners
Darlene Doyle, 781-782-5868
darlene_doyle@lpp.com
Source: Business Wire (March 27, 2006 - 9:03 AM EST)
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NAVI 4.91 0.01
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NaviSite's VP of Channel Sales & Alliances Named to VARBusiness' ''Channel Executives to Watch'' List
Mike Mazur Spotlighted by VARBusiness for "Enabling Partners' Businesses to Flourish"
NaviSite, Inc. (NASDAQ: NAVI), a leading provider of IT hosting, outsourcing and professional services for mid- to large-sized organizations, today announced that Mike Mazur, NaviSite's Vice President of Channel Sales & Alliances, has been named by the editors of CMP Media's VARBusiness to North America's "Channel Executives to Watch" list, part of the VARBusiness' "Top 100 Channel Executives" list, for his leadership, vision, and successful execution in the channel. Mazur was highlighted in a special April 3 issue of the biweekly magazine that provides strategic insight to technology integrators.
"We celebrate the men and women who enable solution providers with programs, products and inspiration," said VARBusiness editor Lawrence M. Walsh. "These executives are worthy of emulation by their peers."
Mazur joined NaviSite in September 2005 and since then, has developed an extensive partner program that represents more than 100 active partners today. NaviSite's channel spans both the commercial and government sectors and includes systems integrators, value-added resellers, consulting firms, technology vendors, application developers, web developers, and independent software vendors, among others.
"NaviSite's product set is perfectly suited for partnering because we offer such a wide range of IT services that complement and augment our partners' capabilities," said Mazur. "Our mission is to come up with flexible, innovative ideas that promote mutually-beneficial solutions for our partners, our customers and NaviSite. These efforts are 100 percent supported by our terrific channel team and NaviSite executive management."
"We are pleased that Mike has been recognized for his thought leadership in the channel, said Arthur Becker, Chief Executive Officer, NaviSite, Inc. "Mike brings onboard extensive channel experience, a clear vision, and the high degree of integrity and assertiveness that is required to build a successful channel program."
The "Channel Executives to Watch" list is based on a survey of channel executives with respect to years of service, size of their channel programs and their partner priorities for the coming year. In addition to being published in the April 3 issue of VARBusiness magazine, the feature package and executive listing is posted on the Web at www.varbusiness.com.
For more information on partnering opportunities at NaviSite, please visit http://www.navisite.com/sublevel.aspx?id=41.
About VARBusiness
For the past 19 years, VARBusiness' strategic resources have been the gateway to the solution provider community. VARBusiness provides unique strategic business and technology insight for technology integrators through industry-defining research, in depth editorial, channel events and innovative Web services, enabling these IT professionals to make educated decisions for their businesses, partnerships and customers. VARBusiness has been the recipient of numerous industry awards for both editorial content and design. Additional information about VARBusiness products, events and services is available on the magazine's Web site at www.varbusiness.com.
About NaviSite, Inc.
NaviSite provides IT hosting, outsourcing and professional services for mid- to large-sized organizations. Leveraging a proven set of technologies and extensive subject matter expertise, we deliver cost-effective, flexible solutions that provide responsive and predictable levels of service for our clients' businesses. Over 900 companies across a variety of industries rely on NaviSite to build, implement and manage their mission-critical systems and applications. NaviSite is a trusted advisor committed to ensuring the long-term success of our customers' business applications and technology strategies. NaviSite has 14 state-of-the-art data centers and eight major office locations across the U.S., U.K. and India. For more information, please visit www.navisite.com.
This release contains forward-looking statements that address a variety of subjects, including the success and performance of NaviSite's service offerings and the success and benefits of its products and services offerings. All statements other than statements of historical fact, including without limitation, those with respect to NaviSite's goals, plans and strategies set forth herein, are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: NaviSite's success is dependent on its ability to achieve and maintain profitability and obtain and maintain sufficient working capital, which includes refinancing of its existing indebtedness; NaviSite's success is dependent upon its ability to integrate the companies and assets it recently acquired; NaviSite's recent acquisitions may not produce expected cost savings, operational efficiencies or revenues; NaviSite's products, technologies and resources may not successfully interoperate with the technology, resources and/or applications of third parties; NaviSite's success, including its ability to decrease its cash burn rate, improve its cash position, and grow its business and revenues to reach profitability, depends on its ability to execute on its business strategy and the continued and increased demand for NaviSite's services and the Internet in general; NaviSite's business may be adversely affected by further slow down in general economic conditions; the loss of customers due to the shutdown of their businesses; decreased or delayed purchase patterns of prospective or current customers or loss of current customers and market consolidation; the decreased renewal rate of our customers; increased competition and technological changes in the markets in which NaviSite competes; the effects of any future acquisitions of businesses or technologies; changes in the uses of the Internet; and possible failure of systems or internal infrastructure. For a detailed discussion of these and other cautionary statements, please refer to the filings made by NaviSite with the Securities and Exchange Commission, including the most recent Quarterly Report on Form 10-Q of NaviSite. We do not undertake any obligation to update forward-looking statements made by us.