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Spacenet Acquires CICAT Networks
April 18, 2011
--New Combined Company Will Increase the Addressable Market and Offer an Expanded Range of Managed Network Services to Customers--
McLean, VA, April 18, 2011 — Spacenet Inc., a wholly owned subsidiary of Gilat Satellite Networks Ltd. (Nasdaq: GILT), and a leading provider of broadband network solutions, announced that it has acquired CICAT Networks, Inc., a nationwide provider of broadband network solutions based in Chantilly, Virginia. CICAT Networks uses a network deployment approach which is vendor neutral and thus optimized for the customer. Its methodology has a long and proven track record delivering value added services for businesses with multi-site locations. The acquisition of CICAT Networks represents a milestone in Spacenet’s strategy to expand its business in the broadband managed network services market.
“The combined Spacenet and CICAT Networks organization creates a new level of network capabilities and functionality ideal for multi-site business and enterprise customers across the U.S.” said Spacenet CEO Andreas Georghiou. “This enables Spacenet to increase its addressable market substantially, and offer this market an expanded range of connectivity options and managed network service solutions. The acquisition demonstrates our commitment to meeting the evolving needs of our customers and adapting to a changing competitive landscape in the market.” Over the past few years, Spacenet has expanded its market focus beyond traditional satellite connectivity to incorporate multiple broadband access options including DSL, MPLS and wireless. The expanded focus has increased Spacenet’s ability to provide new services to customers and further leverage its core network management, call center and field services capabilities.
“We’re truly excited about the opportunities that being part of the Spacenet team presents to our customers, and our employees,” said CICAT Networks CEO Brad Wise. “The acquisition empowers us to combine CICAT’s 18 years of broadband-provisioning innovation with Spacenet’s three decades of leadership in high-performance communications solutions. I think both Spacenet and CICAT customers will quickly benefit from the results: a customer-focused company that combines vast experience and a broad range of service offerings with the agility, enthusiasm and energy of a start-up organization. The bottom line will be faster, more flexible and affordable networks that match our customers’ specific requirements, and exceed their expectations.”
About CICAT Networks
With over 18 years of experience providing network services, CICAT Networks excels at deploying and managing networks for businesses with widely dispersed, multi-site locations. CICAT’s vendor-neutral, no-nonsense approach uses proven methodologies and a proprietary database of providers to deliver greater coverage, more cost-effectively. A true “customer advocate,” CICAT Networks is known for its agility, integrity and outstanding customer service. For more information visit www.cicat.com.
Since 1981, Spacenet Inc. has designed, implemented and managed some of the largest communications networks for U.S.-based business, industrial and government customers. Spacenet has a longstanding tradition of industry leadership and innovation, and today manages communications at more than 130,000 locations for customers including many Fortune 500 companies and major government agencies. The company offers a complete product and services portfolio for converged voice and data applications ranging from primary communications and secure data transfer, to hot stand-by solutions for continuity of operations and network backup, or field deployable solutions for disaster recovery and emergency management. Spacenet is based in McLean, VA, and operates its own end-to-end services infrastructure including network management, field services and teleport facilities in McLean, VA, Atlanta, GA, and Chicago, IL. Spacenet is a wholly owned subsidiary of Gilat Satellite Networks Ltd. (Nasdaq: GILT). Visit Spacenet at www.spacenet.com
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