M&A Deal Summary

Navisite Acquires NaviSite

On August 26, 2019, Navisite acquired internet software and services company NaviSite from Time Warner Cable

Acquisition Highlights
  • This is Navisite’s 2nd transaction in the Internet Software and Services sector.
  • This is Navisite’s 3rd transaction in the United States.
  • This is Navisite’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-08-26
Target NaviSite
Sector Internet Software and Services
Buyer(s) Navisite
Sellers(s) Time Warner Cable
Deal Type Divestiture
Advisor(s) Citigroup Investment Banking (Financial)

Target

NaviSite

Andover, Massachusetts, United States
NaviSite, Inc. is a provider of enterprise-class, cloud-enabled hosting, managed applications and services. NaviSite provides a full suite of reliable and scalable managed services, including Application Services, industry-leading Enterprise Hosting, and Managed Cloud Services for enterprises looking to outsource IT infrastructure and lower their capital and operational costs. Enterprise customers depend on NaviSite for customized solutions, delivered through a global footprint of state-of-the-art data centers.

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Buyer(S) 1

Buyer

Navisite

Warrendale, Pennsylvania, United States
Category Company
Founded 1994
Sector Information Technology
DESCRIPTION

Navisite is a modern managed cloud service provider that accelerates IT transformation for thousands of growing and established global brands. Through its deep technical knowledge and strategic relationships with the world’s leading cloud providers, proven delivery methodologies, platform-agnostic approach and worldwide network of highly specialized experts, the company provide the capabilities and practical guidance customers need to successfully embrace IT change and move their businesses forward.

DEAL STATS #
Overall 4 of 6
Sector (Internet Software and Services) 2 of 3
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 3 of 5
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-27 ClearDB

Plano, Texas, United States

ClearDB, Inc. is a database-as-a-service (DBaaS) provider that has deployed and managed more than 1 million cloud-based databases worldwide through its software platform and is the world’s largest private MySQL-as-a-Service provider. ClearDB was founded in 2015 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Velocity Technology Solutions

Charlotte, North Carolina, United States

Velocity Technology Solutions, Inc. is a provider of enterprise software hosting and systems integration services to mid-market businesses and government entities. Velocity Technology Solutions was founded in 2003 and is based in Charlotte, North Carolina.

Buy -

Seller(S) 1

SELLER

Time Warner Cable

New York, New York, United States
Category Company
Sector Communications
Employees51,200
Revenue 22.8B USD (2014)
DESCRIPTION
Time Warner Cable office in Herndon, Virginia.
Time Warner Cable office in Herndon, Virginia.

Time Warner Cable Inc. is a US provider of video, high-speed data and voice services. Time Warner Cable is based in New York City.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-07 DukeNet Communications

Charlotte, North Carolina, United States

DukeNet, based in Charlotte, N.C., is a regional fiber optic network company serving customers in North Carolina and South Carolina, as well as five other states in the Southeast. With a fiber optic network of over 8,700 miles, DukeNet provides data and high-capacity bandwidth services to wireless carrier, data center, government, and enterprise customers.

Buy $600M
Mergr

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