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NaviSite Sells Division to Navint. 2005-08-02, HostMan.biz Web hosting provider NaviSite (navisite.com) announced on Monday that it had sold its Microsoft Business Solutions software reselling and professional services practice to Navint Consulting (navintconsulting.com) for approximately $3.5 million. NaviSite, which expects the divesture to be earnings and cash flow neutral, says the sale enables it to concentrate its efforts on the application outsourcing, managed services and software as a service markets. The company, a Microsoft Gold certified partner, will maintain its dedicated Business Solutions and Microsoft hosting business and will continue to serve as Navint's exclusive hosting partner. "Our strategy to provide application outsourcing, management and hosting services, is facilitated by the divestiture of our regional Microsoft Business Solutions professional services business," says Arthur Becker, CEO of NaviSite. "Navint Consulting has been a trusted partner of NaviSite's for many years and is a Business Solutions leader committed to a high degree of customer satisfaction." NaviSite's Microsoft Business Solutions software and professional services practice had 500 customers and annual revenues of approximately $4 million.

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