NaviSite Acquires Interliant’s Assets

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The U.S. bankruptcy court Wednesday approved NaviSite's bid to buy Interliant's assets for about $7 million in cash, credit and short-term notes.

NaviSite also will assume about $6.2 million in Interliant liabilities.

Interliant started out in 1997 as a hybrid company offering hosted ERP and CRM applications, as well as managed hosting, but began selling off its ERP and CRM businesses to focus solely on the managed hosting side of the business.

In August 2002, the struggling company filed for bankruptcy protection under Chapter 11, at which time President and CEO Bruce Graham resigned and was replaced by then-CFO Francis Alfano.

NaviSite is set to acquire Interliant's managed messaging, e-mail migration and collaborative application development services and data centers in the United States and London.

The company also has acquired several management companies, including Conxion in April, Avasta in February and ClearBlue Technologies Management last December.

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