News & Updates - Tuesday, August 14, 2007
Navisite Buys Two Hosts For a Combined $15M
NaviSite (NASDAQ: NAVI) has acquired two Internet-services companies for a combined $15.5M. It announced it would buy both Alabanza and Jupiter Hosting. The deals were financed mostly with cash.
Andover, MA-based NaviSite sells application management, Internet infrastructure and hosting solutions for the middle market. Baltimore, MD-based Alabanza sells dedicated and shared web hosting services and a software platform for managing high-volume hosting solutions. Santa Clara-based Jupiter Hosting develops managed hosting and infrastructure services with a focus on Internet protocol television, video on demand and progressive video delivery.
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