Queensland-based telecommunications provider Pivotel has acquired US-based satellite solutions developer Global Marine Networks (GMN) for an undisclosed amount.
Pivotel provides satellite telco products, including mobile and data, through a network of four satellites that cover Australia.
Based in Tennessee, GNM develops products focused on increasing satellite data speeds while lowering usage costs, such as its RedPort brand of satellite VoIP, routers, and phones.
Pivotel plans to expand sales of its existing products in North American market with the foothold gained through the acquisition. The telco said it would also have greater access to GMN's product portfolio and development team.
"By bringing their expertise in-house we are also able to develop more tightly integrated solutions that leverage Pivotel’s network infrastructure," Pivotel chief executive Peter Bolger said.
“GMN and RedPort solutions provide turnkey access to all services including filtering and compressing data as well as blocking unnecessary content and software updates so users can upload and download data faster and more cost effectively, allowing satellite users to get the most out of their voice and data service.”
GMN chief Dr Luis Soltero added: “We had spoken with a number of potential suitors but were won over by Pivotel’s commitment to the satellite data market and their desire to continue investing in new and improved solutions while also wanting to grow the international sales of the GMN RedPort product suite.
“Both Pivotel and GMN have a reputation for being innovative companies with a strong track record in R&D, so we felt very comfortable about the cultural alignment and now look forward to joining the Pivotel family.”
The acquisition is expected to be finalised on 1 September.
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