NaviSite Sells Managed App Business to Velocity
The deal covers the division that serves Lawson and Kronos applications.
NaviSite has announced plans to sell one of its managed application services businesses to application service provider Velocity for $56 million in cash.
"The deal encompasses NaviSiteb .s division that serves Lawson and Kronos applications," according to DataCenterDynamics. "Lawson provides applications for business process management, CRM and supply chain management, among others, and Kronos develops a suite of employee management applications."
"The Minneapolis data center supporting the Lawson and Kronos application offerings is an 11,250 square foot facility at 1200 South Washington Ave.," the article states. "Besides application management, NaviSite has been using the site to provide colocation, managed hosting and cloud-based services."
Click on the following to read the DataCenterDynamics article: NaviSite sells off a managed application services business for $56 million
