SOURCE: NaviSite, Inc.

NaviSite, Inc.

January 27, 2010 08:00 ET

NaviSite Speaks on Leveraging Cloud Computing at NECINA's Cloud Computing Conference

ANDOVER, MA--(Marketwire - January 27, 2010) - NaviSite, Inc. (NASDAQ: NAVI), the worldwide leader of cloud-enabled, enterprise-class hosting, managed applications and services, today announced that Chris Patterson, Strategic Director, Cloud Computing Services, will present during NECINA's Cloud Computing Conference. The conference is for technologists, entrepreneurs, users, and investors to look at how to leverage cloud computing to compete in the new paradigm.

--  Session Title: "Stand above the Cloud": Building Start-ups by
    Leveraging Cloud Computing
    Date: Thursday January 28th, 2010
    Time: 6:00 - 9:00 pm
    Venue: IBM Innovation Center (North Entrance), 404 Wyman Street, Waltham,

About NaviSite

NaviSite, Inc. (NASDAQ: NAVI) is a leading worldwide provider of enterprise-class, cloud-enabled hosting, managed applications and services. With over 20 years experience, the Company provides a full suite of reliable and scalable managed services, including Applications Services, industry-leading Enterprise Hosting, and Managed Cloud Services for enterprises looking to outsource IT infrastructures and lower their capital and operational costs. Over 1,400 customers depend on NaviSite for customized solutions, delivered through a global footprint comprising 16 state-of-the-art data centers supported by approximately 650 professionals. For more information on NaviSite services, please visit

All logos, company and product names may be trademarks or registered trademarks of their respective owners.

Safe Harbor Statement

This release contains forward-looking statements that address a variety of subjects, including NaviSite's expected future operating and financial results, such as profitability, revenue growth and EBITDA, the success and performance of our product and service offerings and our strategic business plans for growing its customer base and increasing sales. All statements other than statements of historical fact -- including, without limitation, those with respect to our goals, plans and strategies set forth herein -- are forward-looking statements. The following important factors and uncertainties, along with general economic conditions, changes in economic conditions and others, could cause actual results to differ materially from those described in these forward-looking statements. Our success -- including our ability to improve our gross profit, to improve our cash flows, to expand our operations and revenue and to reach and sustain profitability -- depends in part on our ability to execute on our business strategy and the continued and increased demand for, and market acceptance of, our products and services. We may not remain compliant with our agreement with our senior secured lenders, including financial covenants. Our financial forecasts may not be achieved, including those as to expected EBITDA and revenue. We may be unable to raise the necessary funds to meet our payment obligations to our lending group under our senior secured credit facility and other creditors. We may not be able to expand our operations in accordance with our business strategy. We may experience difficulties integrating technologies, operations and personnel in accordance with our business strategy. Our products, technologies and resources may not successfully operate with the technology, resources and applications of third parties. We derive a significant portion of our revenue from a small number of customers, and the loss of any of those customers could significantly damage our financial condition and results of operations. Competition has increased, and technological changes made, in the markets in which we compete. For a detailed discussion of cautionary statements that may affect our future results of operations and financial results, please refer to our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10 K and our quarterly reports on Form 10 Q. Forward-looking statements represent our current expectations and are inherently uncertain. We do not undertake any obligation to update forward-looking statements that we make. All logos, company and product names may be trademarks or registered trademarks of their respective owners.