NaviSite Chosen To Provide Application Management Services For National Consumer...

NaviSite Chosen To Provide Application Management Services For National Consumer Cooperative Bank (NCB)

NaviSite's Expertise In Managing Enterprise Applications Cited
ANDOVER, Mass.--(Business Wire)--NaviSite, Inc. (NASDAQ: NAVI), a leading provider of application
management and managed hosting solutions, today announced that
National Consumer Cooperative Bank (NCB), a financial services
company, has chosen NaviSite to provide Application Management
services to support NCB's finance, accounting, time and expense, and
business intelligence applications.

NCB selected NaviSite, following the acquisition of netASPx, to
upgrade the Bank to Lawson Software applications version 9.0 and
Lawson System Foundation 9.0 through the Lawson center of excellence.
In addition to upgrading all of NCB's Lawson Software applications,
NaviSite migrated NCB to a fully-managed application services solution
including best-in-class technology, high touch functional and
operational support, and continuous applications lifecycle management.

"The management of our Lawson Software solutions is of prime
importance to NCB's growth and strategic management," said Richard L.
Reed, Chief Financial Officer at NCB. "netASPx, and now NaviSite, have
added NCB to their proven track record of successful Lawson version
9.0 upgrades. We were impressed with their commitment to migrate our
applications quickly and flexibly, in a way that best suited our
needs. They delivered completely on every commitment made during the
selection process."

Now that the upgrade and migration to the NaviSite platform is
complete, NCB will evaluate additional deployments of Lawson Software
solutions into the NaviSite application management environment.
"NaviSite is excited to further demonstrate our own customer service
and Lawson System Foundation expertise through our engagement with
NCB," said Nasir Cochinwala, Senior Vice President of Professional
Services at NaviSite. "We are delighted to welcome the Bank to our
growing family of NaviSite customers."

About National Consumer Cooperative Bank (NCB)

NCB means National Consumer Cooperative Bank, its subsidiaries and
NCB Capital Impact, an affiliated non-profit corporation. Loans and
technical assistance may be provided by NCB, NCB Capital Impact or
NCB, FSB, NCB, FSB is a wholly-owned subsidiary of NCB. Deposit
products and services are provided by NCB, FSB, which is FDIC insured.
Housing development services are offered through NCB and NCB Capital
Impact's jointly owned subsidiary, NCB Community Works, LLC. Each is a
separate entity within the NCB Financial Group.

NCB is dedicated to strengthening communities nationwide through
the delivery of banking and financial services, complemented by a
special focus on cooperative expansion and economic development.
Headquartered in Washington, DC, NCB also has offices in Alaska,
California, New York and Virginia. In addition, NCB has a growing
community banking network in southwestern Ohio. To learn more about
NCB, visit www.ncb.coop.

About NaviSite

NaviSite is a leading provider of application management and
managed hosting solutions. Customers depend on NaviSite for managed
application services, application development, implementation and
management on its web infrastructure platforms in 16 state-of-the art
data centers supported by more than 700 professionals. NaviSite
provides customized and scalable solutions leveraging its broad range
of application development capabilities, packaged software
implementation expertise, deep portfolio of best in class technologies
and a full suite of web-hosting and internet infrastructure options.
For more information, please visit www.navisite.com.

All logos, company and product names may be trademarks or
registered trademarks of their respective owners.

NaviSite, Inc.
Dennis Garrigan, 978-946-8727
dgarrigan@navisite.com
or
Greenough Communications
Gretchen Bender, 617-275-6526
gbender@greenoughcom.com

Copyright Business Wire 2008