M&A Deal Summary

NaviSite Acquires netASPx

On September 12, 2007, NaviSite acquired internet software and services company netASPx for 41M USD

Acquisition Highlights
  • This is NaviSite’s 1st transaction in the Internet Software and Services sector.
  • This is NaviSite’s largest (disclosed) transaction.
  • This is NaviSite’s 2nd transaction in the United States.
  • This is NaviSite’s 1st transaction in Vermont.
Investment Fate
  • netASPx was divested to a consortium of strategic buyers in 2010.

M&A Deal Summary

Date 2007-09-12
Target netASPx
Sector Internet Software and Services
Buyer(s) NaviSite
Deal Type Add-on Acquisition
Deal Value 41M USD
Advisor(s) Cherry Tree Companies LLC (Financial)

Target

netASPx

Herndon, Vermont, United States
netASPx, Inc. is a provider of Managed Application Services, or “MAS” and focuses on Enterprise Resource Planning (Lawson) and Work Force Management (Kronos) solutions that automate critical business functions for mid-market companies.

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Buyer(S) 1

Buyer

NaviSite

Andover, Massachusetts, United States

Category Company
Founded 1996
Sector Internet Software and Services
Employees579
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 4
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (Vermont) 1 of 1
Country (United States) 2 of 4
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-06 Surebridge

Lexington, Massachusetts, United States

Surebridge, Inc. ("Surebridge") is an applications outsourcing company focused on serving middle market customers through Microsoft, Peoplesoft, and Siebel offerings. On June 10, 2004, Surebridge sold substantially all its assets to NaviSite in exchange for promissory notes in the aggregate amount of $39.3 million, 3 million shares of NaviSite stock, plus the assumption of substantially all of its liabilities. These securities remain within the Surebridge corporate entity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-19 netASPx

Herndon, Vermont, United States

netASPx, Inc. is a provider of Managed Application Services, or “MAS” and focuses on Enterprise Resource Planning (Lawson) and Work Force Management (Kronos) solutions that automate critical business functions for mid-market companies.

Sell -