FYI on NAVI - CMGI MSFT and DELL own a big chunk of this one!
CMGI, Inc 18,142,850 89.4%
Dell Computer 1,095,472(1) 5.4%
Microsoft 993,243 4.9%
Lead Underwriter BANCBOSTON ROBERTSON STEPHENS
News today:
NaviSite to offer application services for Allaire's ColdFusion
Application management for ColdFusion to benefit developers and customers
BOSTON--(BUSINESS WIRE)--Oct. 25, 1999--At the Allaire Developer Conference, NaviSite, Inc. (Nasdaq:NAVI - news), a leading application service provider (ASP) and Web hosting provider, announced today that the company will offer application hosting and management services for Allaire Corporation's leading cross platform Web application server, ColdFusion. These new services are designed to enable ColdFusion Developers and customers to bring mission-critical e-business sites online faster, at reduced cost and with the high performance and reliability afforded by 24x7 monitoring and management.
NaviSite's ability to provide managed services for ColdFusion for both Unix and Windows NT environments is expected to offer the vast community of ColdFusion developers enhanced flexibility and increased ease of application deployment. The new services are part of a continuing build out of NaviSite's outsourced applications strategy. In addition, this expanded outsourced application offering supports NaviSite's comprehensive program to help ISVs get their Web applications online quickly, minimize their up-front capital investment and provide them with an expanded marketing capability for their solutions.
''Our ColdFusion Developer community stands to benefit from these high-end hosting services by being able to offer their clients continuous application support and management through a value-added service provider like NaviSite,'' said Steve Clark, vice president of marketing for Allaire. ''Developers and customers alike can feel at ease with the reliability and performance of a mission-critical ColdFusion application running in the protected environment of NaviSite's data centers with the oversight and management of skilled technical staff - 24 hours a day, seven days a week.''
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