NaviSite Chosen To Provide Application Management Services For National Consumer Cooperative Bank (NCB)

January 28, 2008; 08:27 AM

ANDOVER, Mass., January 22, 2008 — NaviSite, Inc. (NASDAQ: NAVI), a leading provider of application management and managed hosting solutions, today announced that National Consumer Cooperative Bank (NCB), a financial services company, has chosen NaviSite to provide Application Management services to support NCB’s finance, accounting, time and expense, and business intelligence applications.

NCB selected NaviSite, following the acquisition of netASPx, to upgrade the Bank to Lawson Software applications version 9.0 and Lawson System Foundation 9.0 through the Lawson center of excellence. In addition to upgrading all of NCB’s Lawson Software applications, NaviSite migrated NCB to a fully-managed application services solution including best-in-class technology, high touch functional and operational support, and continuous applications lifecycle management.

“The management of our Lawson Software solutions is of prime importance to NCB’s growth and strategic management,” said Richard L. Reed, Chief Financial Officer at NCB. “netASPx, and now NaviSite, have added NCB to their proven track record of successful Lawson version 9.0 upgrades. We were impressed with their commitment to migrate our applications quickly and flexibly, in a way that best suited our needs. They delivered completely on every commitment made during the selection process.”

Now that the upgrade and migration to the NaviSite platform is complete, NCB will evaluate additional deployments of Lawson Software solutions into the NaviSite application management environment.  “NaviSite is excited to further demonstrate our own customer service and Lawson System Foundation expertise through our engagement with NCB,” said Nasir Cochinwala, Senior Vice President of Professional Services at NaviSite. “We are delighted to welcome the Bank to our growing family of NaviSite customers.”

About National Consumer Cooperative Bank (NCB)
NCB means National Consumer Cooperative Bank, its subsidiaries and NCB Capital Impact, an affiliated non-profit corporation. Loans and technical assistance may be provided by NCB, NCB Capital Impact or NCB, FSB, NCB, FSB is a wholly-owned subsidiary of NCB. Deposit products and services are provided by NCB, FSB, which is FDIC insured. Housing development services are offered through NCB and NCB Capital Impact's jointly owned subsidiary, NCB Community Works, LLC. Each is a separate entity within the NCB Financial Group.

NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, NCB also has offices in Alaska, California, New York and Virginia. In addition, NCB has a growing community banking network in southwestern Ohio. To learn more about NCB, visit www.ncb.coop.

About NaviSite
NaviSite is a leading provider of application management and managed hosting solutions. Customers depend on NaviSite for managed application services, 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.