NaviSite Inc. acquires two privately held providers of hosting
Daily Record, The (Baltimore), Aug 14, 2007
NaviSite Inc., a provider of application management, Internet infrastructure and hosting solutions for the mid-market, has acquired two privately held providers of hosting services -- Alabanza and Jupiter Hosting -- for approximately $15.5 million. Alabanza, based in Baltimore, offers a comprehensive suite of dedicated and shared Web hosting services, as well as a highly automated proprietary software platform for provisioning and managing high-volume hosting solutions.
The acquisitions were financed predominately through cash on hand. The acquisitions are expected to be accretive to adjusted EBITDA immediately and fully integrated by NaviSite's second quarter.
Copyright 2007 Dolan Media Newswires
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