May 14, 2003 : NaviSite Wins Bid to Acquire Interliant

📅 May 14, 2003 - NaviSite (navisite.com 👉 Total Reviews: 1
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"The acquisition of the Interliant business is another important step in the growth of NaviSite as a leader in the managed application and infrastructure services industry," said Arthur Becker, CEO of NaviSite. "The earnings accretive nature of this transaction reflects NaviSite's commitment to profitability and is a strong measure of our financial health."
In the last several months, NaviSite has also announced the acquisition of three other companies: ClearBlue Technologies Management, Inc. in late December; Avasta, Inc., in early February; and, most recently, the acquisition of Conxion Corp, in April.
NaviSite is an Andover, Maryland-based provider of application and infrastructure management services. Its services include co-location hosting, bandwidth, and content and software delivery.
Based in Purchase, New York, Interliant is a managed infrastructure provider, specializing in managing corporate e-mail, messaging and collaboration applications. Interliant began as an ASP and moved full force into Web hosting after being purchased by Sage Networks in March of 1999 - the same year it went public. Interliant filed for bankruptcy protection on August 5, 2002 and continues to restructure its operations. As a part of its reorganization efforts, it has shed several segments of its Web hosting division.