Time Warner Cable has just announced that it has acquired NaviSite, a provider of enterprise-class hosting, managed application, messaging and cloud services, for $5.50 per share in cash, or $230 million. The transaction is expected to close in the second quarter of 2011. NaviSite provides companies with enterprise hosting capabilities, application management and cloud services. These include email and collaboration hosting for IBM Lotus and Domino; Microsoft Exchange and SharePoint; software QA and testing, server and storage management, data protection and more. The company brought in $126 million in revenue for its fiscal year 2010 and had approximately 1,400 customers using its services. 
Source: http://feedproxy.google.com/~r/Techcrunch/~3/ezF-JSOIeY0/
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