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NaviSite Included In The NASDAQ Internet Index

Posted on: Friday, 30 November 2007, 09:00 CST

NaviSite, Inc. (NASDAQ: NAVI), a leading internet services provider for application management and managed hosting solutions, today announced that it has been chosen by Nasdaq Stock Market, Inc. (NASDAQ:NDAQ) for inclusion in the new Internet Index (NASDAQ:QNET). The index, introduced earlier this week, is designed to track the performance of the largest and most liquid internet stocks listed and actively traded on any of the major U.S. stock exchanges.

According to NASDAQ, the index includes some of the most exciting and innovative publicly-traded internet companies engaged in a broad range of internet related services including, but not limited to, internet access, search engines, web hosting, web design and e-Commerce.

"We are pleased to have been chosen to be a member of the NASDAQ Internet Index that is the benchmark for an important and dynamic sector of the U.S. economy and global innovation," said Arthur Becker, Chief Executive Officer, NaviSite." The inclusion recognizes not only our leadership position in this sector, but also shows market confidence in our ability to drive growth and innovation in tune with the leaders in this dynamic and fast-growing segment."

The Internet Index is part of NASDAQ'S Financial Products (NFP), which is engaged in the design, development, calculation, licensing, and marketing of NASDAQ indexes. NFP specializes in the development of indexes focusing on NASDAQ's brand themes of innovation, technology, growth, and globalization. NFP also provides custom index services and design solutions as a third-party provider to selected financial organizations.

About NASDAQ

NASDAQ is the largest U.S. equities exchange. With approximately 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.

About NaviSite

NaviSite is a leading internet service provider of application management and managed hosting solutions. Customers depend on NaviSite for application development, implementation and management on its web infrastructure platforms in 16 state-of-the art data centers supported by more than 700 professionals. NaviSite provides customized and scalable solutions leveraging its broad range of application development capabilities, packaged software implementation expertise, deep portfolio of best in class technologies and a full suite of web-hosting and internet infrastructure options. For more information, please visit www.navisite.com.

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Source: Business Wire

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