NaviSite Corrects Erroneous Information

Tue Jul 14, 2009 9:47am EDT
 
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ANDOVER, Mass.--(Business Wire)--
NaviSite, Inc. (NASDAQ: NAVI), a leading provider of cloud enabled enterprise
hosting and application management services, was mentioned today in an article
of the Boston Business Journal which incorrectly stated that two of NaviSite's
creditors have filed to put the company into Chapter 7 bankruptcy. The article
was erroneous and the Boston Business Journal has agreed to retract the
incorrect story. 

NaviSite is working with Optaros Inc. of Boston and TIBCO Software to put a
former customer of the companies into Ch 7 bankruptcy. This former customer went
out of business in early 2008 and NaviSite is working with other creditors to
ensure proper recovery of the remaining assets. 

About NaviSite

NaviSite is a leading provider of cloud enabled enterprise hosting and
application management services. It provides customized and scalable solutions
leveraging its industry leading hosting infrastructure, full suite of managed
services and custom and packaged application life cycle management expertise.
Over 1,500 customers depend on NaviSite for customized solutions delivered
through its global footprint of 16 state-of-the-art data centers supported by
approximately 650 professionals. For more information visit www.navisite.com

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





NaviSite, Inc.
Jim Pluntze, 978-946-5840
sbyers@navisite.com

Copyright Business Wire 2009

 

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