Time Warner Cable Buys Cloud Service Provider NaviSite for $230M

  • Cloud Computing
  • NaviSite
NEW YORK & ANDOVER, MA -Not to be outdone by Verizon (see Verizon Buys Cloud Service Provider Terremark for $1.4B), Time Warner Cable announced an agreement to acquire NaviSite, a provider of hosting, managed application, messaging and cloud services, for $5.50 per share, or $230 million in total.

“Our commercial services business is a key growth driver for the company and one in which we continue to see great opportunity,” says Glenn Britt, chairman and CEO of Time Warner Cable. TWC isn't alone in this opinion; cable companies in general have avidly pursued commercial customers in the last several years and have made significant inroads in this market.

With NaviSite's 1,200+ customers and the 10 data centers it operates in the United States and United Kingdom, the acquisition gives TWC an immediate presence in the managed-services market. TWC anticipates that small and midsized businesses' demand for managed services will grow rapidly, and it hopes to use NaviSite’s operational expertise and infrastructure to meet that demand.

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