Viasat Acquires RigNet for $222m

Viasat Acquires RigNet for $222m

Viasat announces it has entered a definitive agreement to acquire RigNet, a secure, intelligent networking solutions and specialized applications developer. This move will help the company accelerate its strategy to provide affordable and high-quality broadband connectivity and communications to distant, out-of-reach locations worldwide.

RigNet, with over 650 employees, provides premier, global end-to-end, secure managed communications service and installation capabilities and digital transformation solutions.

RigNet’s international presence aligns with Viasat’s expansion plans, and the transaction – with an enterprise value of approximately $222m – would provide Viasat with direct access to over 650 customers. It will help them expand and diversify Viasat’s commercial connectivity portfolio, providing Viasat an opportunity to enter adjacent global markets in industries such as energy, shipping, maritime, mining, and other enterprises.

To Read More:  ComputerWeekly

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