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 NewtekÂ® 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.