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NaviSite Corrects Erroneous Information on Bankruptcy

July 19, 2009 by  

NaviSiteWeb Hosting ServicesANDOVER, Mass. – 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

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.

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