Newtek Business Services Corp. (NASDAQ: NEWT) said that Newtek Technology Services, 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 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.
Newtek Business Services is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business services and financial products under the Newtek® brand to the small- and medium-sized business market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to over 100,000 SMB accounts across all 50 states to help them grow their sales, control their expenses and reduce their risk.
Related Articles