           |
| HostMan.biz - WebSite Hosting Directory - Web Host Reviews - Hosting Companies - Web Hosts Plans | |||
| WebSite Hosting | UK Hosting | Best Hosting | Web Design | Dedicated Servers | Web Hosting Canada | Business Address | Webmaster | |||
| |||
| |||
| |||
| HostMan.biz - news | |||
 | |||
|
NaviSite to Acquire netASPx.
2007-09-12, HostMan.biz NaviSite, Inc., a provider of applications management and managed hosting solutions, has entered into a definitive merger agreement to acquire privately-owned applications management service provider netASPx for $40.5 million, consisting of approximately $15.5 million in cash and $25.0 million in Convertible Preferred Stock. The transaction is expected to close by the end of the business day today. Headquartered in Herndon, VA, netASPx is a provider of applications management services with a focus on Lawson Enterprise Resource Planning (ERP) and Kronos Workforce Management and Business Intelligence Applications. In addition, netASPx maintains the infrastructure necessary to support these applications within its 18,000 square foot data center in Minneapolis. The acquisition brings Lawson and Kronos solutions to NaviSite and broadens its existing portfolio of applications management expertise, which already includes the Oracle product family (Oracle E-Business, PeopleSoft, Siebel, JD Edwards and Fusion), Microsoft Dynamics, and Exchange. By acquiring netASPx, NaviSite also expands its customer base, creating new up-sell and cross-sell opportunities for both its current clients and those of netASPx. Finally, the addition of the netASPx data center in Minneapolis bolsters NaviSite's presence in the Midwest with significant available capacity. The acquisition was financed through a $20 million addition to NaviSite's current Senior Term Facility and the issuance of $25.0 million of Series A Convertible Preferred Stock. The Senior Term loan interest rate has been reset to LIBOR plus 4%. The Convertible Preferred is redeemable, has an 8% PIK (non cash) coupon that increases to 12% on the 18 month anniversary of the closing date and is convertible at the price of $8.00 per share 18 months from the closing date. "Priced at better than five times expected synergistic annual EBITDA and two times the recorded application management revenues, we are pleased with the addition of this fine company, its talented professionals and capabilities to our portfolio. NetASPx will contribute Lawson and Kronos expertise and customers that will significantly enhance our market position as a leading provider of application management services. The netASPx monthly ARPU (Average Revenue Per User) of approximately $19,000 and revenue per square foot of over $8,000 illustrate the value being provided to their customers," said Arthur Becker, Chief Executive Officer of NaviSite. "We also expect that the current NaviSite portfolio of application and hosting related competencies will offer new service opportunities to these new customers." |
|||
Hosting Glossary ASP (Active Server Pages) | Auto Responder | Bandwidth | CGI, CGI-BIN | Colocation | Domain Name | E-mail | FTP | POP3 E-mail | IP Address | Name Server | Server Side Includes (SSI) | Spam (Spamming) | |
| Webmaster Resources |
| New York | Web Hosting Forums | Review Hosting | Web Hosting Blog | Web Hosting | Hosting in Europe |
| Unix Hosting | Windows Hosting | Budged Hosting | Reseller Hosting | Shared Hosting | Decicated Hosting |
|
Webmaster Resources | Contact Us |
| © HostMan.biz, Hosting Directory since 2003 |
Four Star Rating