Surebridge, Inc. ("Surebridge") is an applications outsourcing company focused on serving middle market customers through Microsoft, Peoplesoft, and Siebel offerings. On June 10, 2004, Surebridge sold substantially all its assets to NaviSite in exchange for promissory notes in the aggregate amount of $39.3 million, 3 million shares of NaviSite stock, plus the assumption of substantially all of its liabilities. These securities remain within the Surebridge corporate entity.