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NaviSite Adds Data Centers

After months of review and negotiation, infrastructure outsourcer NaviSite has completed its acquisition of ClearBlue Technologies' data centers for 1.1 million shares of stock.

The Andover, Mass., firm picks up six of the CBT facilities today and will take control of the remaining four in February for no additional compensation.

"Because CBT has set up each data center as a separate subsidiary, there are still some contractual issues that are being worked out for the remaining 4 data centers," a NaviSite spokeswoman said.

The integration should not be difficult. NaviSite has has operated all 10 of CBT's data centers in an outsourcing deal since December. It also picks up CBT customer contracts, equipment and equipment leases, employees, third party contractors, and insurance contracts.

"This transaction is designed to make our business more transparent to our customers, employees and investors and allow them to understand the true value of the NaviSite business and strategy" said Arthur Becker, NaviSite CEO.

NaviSite has taken steps to expand its managed services offerings this year. In addition to CBT, it picked up Conxion for $1.92 million in cash and Avasta, a managed applications services firm aimed at mid-market customers.

NaviSite is a former property of Internet investor CMGI. In September, CMGI severed ties with NaviSite to pare its operating companies and their technologies to a manageable number.