NAVISITE INC
SymbolNAVI

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Farmer Mac Selects NaviSite for Disaster Recovery

2009-10-26 10:15 ET - News Release

ANDOVER, MA -- (MARKET WIRE) -- 10/26/09

NaviSite, Inc. (NASDAQ: NAVI), a leading provider of cloud-enabled enterprise-hosting and application-management services, today announced that the Federal Agricultural Mortgage Corporation has selected NaviSite for its disaster recovery solution. The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a stockholder-owned, government-sponsored enterprise created by Congress to improve the availability of long-term credit for America's farmers, ranchers, rural homeowners, businesses and communities.

Farmer Mac needed a robust disaster recovery solution that provided assurance of continuing compliance with SAS-70 audit report requirements, as well as Sarbanes-Oxley. At the same time, Farmer Mac was confronting end-of-life issues with its current hardware platform. NaviSite's overall value proposition attracted Farmer Mac, which needed a solution that could scale to meet changing requirements.

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