NaviSite aiming $180-m revenue by July '08

NEW DELHI, INDIA: Provider of remote infrastructure management and hosting services, NaviSite Inc. is targeting to achieve revenue of $180 million by the end of its fourth quarter in 2008.

Disclosing this to CyberMedia News, Sumeet Sabhrawal, senior vice-president, Navisite, added that the company is expecting a positive growth in the fiscal 2008.

Navisite recorded revenues of $126 million by July 2007.

Sabhrawal said that the company would strongly focus on the mid market. The US and UK are the major markets for the company.

“Mid market will be the core focus for us. It is the most interesting market as it is witnessing a growth of around 10 per cent per annum. Compared to the enterprise market which is growing at 2 per cent, the growth in this space is huge,” said Sabhrawal.

Speaking on the infrastructure outsourcing market, he said that the company has strongly positioned itself to grab a larger pie of the market globally. However, he did not reveal the share that the company is targeting in this segment.

NaviSite India is engaged in providing remote infrastructure management services like hardware, software, database, e-mail and security management services apart from application management services.

The India center, set up in 2005, is one among the 15 data centers of the company. The India center works as a disaster recovery center along with the center in the US. It employs around 200 people, servicing 1400 clients worldwide.

Currently the infrastructure outsourcing market is over $110 billion globally.