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LookSmart Migrates All of Its Hardware and Software to Newtek’s Cloud
NEW YORK, NY – August 26, 2015 — /BackupReview.info/ — Newtek Business Services Corp. (“The Company”), (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Technology Services (“NTS”), one of The Company’s wholly owned portfolio companies, has entered into a 39-month contract with LookSmart (NASDAQ: LOOK), a premier online and technology advertising company that operates LookSmart.com, Clickable.com and ShopWiki.com. Pursuant to this contact, NTS will manage, on an outsourced basis, LookSmart’s information technology (“IT”) operation through its fully integrated, around-the-clock managed technology solution in its data center in Scottsdale, Arizona. NTS has migrated all of LookSmart’s IT hardware and software to its cloud, and physically migrated LookSmart’s servers to its data center in Phoenix, Arizona. NTS will provide around-the-clock management and customer service to this new IT client, offering a premier outsourced solution for LookSmart and all of its stakeholders.
Barry Sloane, President, Chairman and Chief Executive Officer of Newtek Business Services Corp. said, “NTS has many years of expertise in handling complex sophisticated data center migrations and is now focusing on delivering to enterprise clients a path to and from the cloud for both backup and replication. Our current footprint in both of our Arizona locations in Scottsdale and Phoenix as well as our locations in New Jersey; Denver, Colorado; London, England and, in the near future, Singapore allow NTS to provide scalable service for managed enterprise backup and replication for seamless disaster recovery. We share the opinion of many industry experts that enterprise clients as well as small- and medium-sized businesses will migrate their hardware and software as well as their servers to a 24/7 data center and into the cloud. Cognizant of NTS’ 18 years of operating history and expertise, both commercial and public clients that want to reduce internal and external labor costs, the cost of power and bandwidth, hardware costs as well as desire real-time instant hot and redundant backup are approaching NTS daily for proposals and solutions. We believe there will continue to be a large-scale migration of businesses, of all sizes, from dedicated-server environments provided by the larger well-known companies to more nimble companies like NTS that provide significant labor-cost savings in addition to managed IT outsourced expertise.”
About Newtek Technology Services
About Newtek Business Services Corp.
Newtek’s products and services include: Business Lending, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), eCommerce, Accounts Receivable Financing, The Secure Gateway, The Newtek Advantage™, Insurance Services, Web Services, Data Backup, Storage and Retrieval and Payroll.
The Small Business Authority® is a registered trade mark of Newtek Business Services Corp., and neither are a part of or endorsed by the U.S. Small Business Administration.
Note Regarding Forward Looking Statements
For more information, please visit the following websites: www.thesba.com
Source: Newtek Business Services Corp.
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