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NaviSite Announces Sale of Dallas Colocation Business to Cologix

December 21, 2010 by  

Website Hosting ToolboxANDOVER, MA – NaviSite, Inc. (NASDAQ: NAVI), a premier provider of enterprise-class hosting, managed application, managed messaging and managed cloud services, today announced the sale of its Dallas, Texas colocation business to Cologix Dallas, Inc., a subsidiary of Cologix, Inc., for $12.75 million in cash. All NaviSite Dallas colocation customers will be transferred to Cologix as part of the transaction. Cologix will also assume NaviSite’s lease of the Dallas data center where the services are hosted, managed, and supported. The transaction is effective immediately. Net proceeds from the sale will be used to repay debt. NaviSite will remain a customer and bandwidth service provider in the Cologix facility in Dallas.

The sale is part of NaviSite’s continuing strategic plan to divest its colocation only data centers and focus on complex hosting, application management, and cloud solutions for enterprise clients. “The sale of the Dallas data center strengthens our balance sheet and allows us to continue focusing on our rapidly expanding enterprise cloud business” said R. Brooks Borcherding, NaviSite’s President and Chief Executive Officer. “We are pleased to remain a customer of Cologix in Dallas and are confident that customers will be well supported by Cologix moving forward.”


About NaviSite
NaviSite, Inc. (NASDAQ: NAVI) is a leading worldwide provider of enterprise-class, cloud-enabled hosting, managed applications and services. NaviSite provides a full suite of reliable and scalable managed services, including Application Services, industry-leading Enterprise Hosting, and Managed Cloud Services for enterprises looking to outsource IT infrastructure and lower their capital and operational costs. Enterprise customers depend on NaviSite for customized solutions, delivered through a global footprint of state-of-the-art data centers. For more information about NaviSite’s services, please visit www.navisite.com.

About Cologix
Cologix, Inc. is a privately held colocation company headquartered in Denver, Colorado. The company offers access to reliable and secure data centers to support its customers’ mission critical applications. Cologix is funded by a leading group of private equity, management and debt sponsors.

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