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NaviSite Completes SAS 70 Type II Audit

16:19:59 - 19 November 2004

NaviSite, Inc. (www.navisite.com) announced today that it has successfully completed a SAS 70 (Statement on Auditing Standards  No. 70) Type II Audit.  The SAS 70 Audit was performed by a nationally recognized public accounting firm.

Successful completion of SAS 70 Type II audit indicates that NaviSite's processes, procedures and general controls have been formally reviewed.

NaviSite was able to satisfy the requirement of the SAS 70 Type II audit, which places the highest level of scrutiny under SAS No. 70 on the company's operational controls and procedures.

NaviSite is committed to maintaining a semi-annual audit program to provide our customers with current audit results, thus accommodating the varying fiscal year ends of our customers.

"With the increased emphasis on integrity and security in today's business environment, and a concern for regulatory standards, such as Sarbanes-Oxley,  we believe that the successful completion of the SAS 70 Type II Audit will help to assure our customers that they can trust their systems, data and processes to NaviSite," said Arthur Becker, Chief Executive Officer of NaviSite.

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About NaviSite

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Monthly & Annual Awards

EmployeesApproximately 650 employees worldwideRevenueUS$154.6 million for fiscal year 2008 (ending 7/31/08)OwnershipIncorporated in 1998; listed on NASDAQ (NASDAQ SC: NAVI) since October 1999.Vertical MarketsThe company offers vertical expertise in the healthcare/pharmaceuticals, retail, manufacturing/distribution, services, publishing/media/entertainment, financial services, the software industry and public sector (government, nonprofit, higher education) industries.... read more

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