SOURCE: NaviSite, Inc.

March 10, 2008 09:00 ET

NaviSite Renews Contract With Bessemer Trust

Long-Time Client Upgrades PeopleSoft Financial Solutions in a Fully Managed Application Environment

ANDOVER, MA--(Marketwire - March 10, 2008) - NaviSite, Inc. (NASDAQ: NAVI), a leading provider of application solutions and hosting services, today announced that Bessemer Trust Co. has renewed its contract to continue to manage Bessemer's PeopleSoft Financials applications.

Bessemer Trust relies on NaviSite to deliver its PeopleSoft financial applications in a fully-managed application hosting environment so that the company can focus on its core competency of administering the assets of high-net-worth families, their foundations and endowments. In addition to upgrading Bessemer's PeopleSoft applications, NaviSite has managed Bessemer's application services solution without having to scale its own IT services.

"NaviSite continues to be a trusted partner in helping us manage the financial applications that are critical to our business," said George M. Yaworsky, Senior Vice President and Assistant Controller for Bessemer Trust. "NaviSite has effectively delivered our enterprise applications through a web-based platform in a way that has reduced our overall IT cost of ownership."

"Bessemer Trust is a highly-respected wealth management organization that has responsibility for handling billions of dollars held in trust," said Mark Clayman Senior, Vice President of Hosting, NaviSite. "As a long-standing customer, we appreciate their desire to continue working with us as we manage the enterprise applications critical to their business processes."

NaviSite has extensive expertise in implementation and hosting services for the Oracle product family, including Oracle E-Business, PeopleSoft Enterprise, Siebel Analytics, and Fusion Middleware. In addition, NaviSite provides comprehensive Application Management services for Kronos, Lawson, Microsoft Dynamics, and custom applications. NaviSite also offers related services, including application optimization, application development and integration, and email hosting and collaboration. For more information, please visit www.NaviSite.com.

About Bessemer Trust

Founded in 1907, Bessemer Trust is a privately-owned wealth management and investment advisory firm that focuses exclusively on high-net-worth families and their foundations and endowments. The firm oversees more than $50 billion in assets for approximately 1,800 relationships and provides an integrated approach to the various investment, tax, legacy planning and philanthropic needs of its clients.

About NaviSite

NaviSite is a leading provider of application solutions and hosting services. Customers depend on NaviSite for managed application services, application development, implementation and management on its web infrastructure platforms in 17 state-of-the art data centers supported by more than 700 professionals. NaviSite provides customized and scalable solutions leveraging its broad range of application development capabilities, packaged software implementation expertise, deep portfolio of best in class technologies and a full suite of web-hosting and internet infrastructure options. For more information, please visit www.NaviSite.com.

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