--SmartCEO Magazine Presents Spacenet CEO Circle of Excellence Award in Recognition of the Company’s Innovative Products-
McLean, VA, June 7, 2010 - Spacenet Inc, a wholly owned subsidiary of Gilat Satellite Networks Ltd. (Nasdaq: GILT), and a leading provider of broadband network solutions, announced today that its CEO, Andreas Georghiou, will accept a Circle of Excellence award from Washington SmartCEO in recognition of the company’s product innovation. SmartCEO recognizes 10 Greater Washington CEOs who have demonstrated specific leadership attributes that have made them uniquely successful in the business community.
This award for product innovation follows the successful launch of the Spacenet Prysm Pro, a modular, scalable, off-the-shelf IP network appliance that provides support for managed network services. Prysm Pro helps multi-site organizations meet custom application requirements, streamline corporate-wide network management processes, and provide centralized network security. It is designed to support a comprehensive range of advanced applications over wireline and wireless networks and provides a seamless solution for network backup with automatic network failover in the case of a primary network outage.
“Receiving this recognition is a real honor for all of Spacenet’s employees who have contributed to the successful development of this product and its associated services,” said Spacenet CEO Andreas Georghiou. “We have focused on adapting to a rapidly changing competitive landscape and responding to the evolving needs of our core enterprise customers. Through the introduction of new innovative products, including Prysm Pro, our proprietary IP network appliance, and by reinventing the company into a complete managed network services provider, we have been able to identify new business opportunities, and integrate into the greater telecommunications industry.”
The 10 winners of the Circle of Excellence Award celebrated at SmartCEO’s Business Awards event on May 27, 2010 at the National Press Club. Joining the Circle of Excellence recipients were all of SmartCEO’s past award recipients and the pick for CEO of the Year.
“Circle of Excellence winners are not only selected and honored for their accomplishments, but for demonstrating success in applying a unique leadership attribute that significantly benefits their business and the community,” said Jaime Park, Publisher of Washington SmartCEO magazine. “We are honored to recognize Andreas Georghiou as one of Greater Washington’s standout leaders.”
Washington SmartCEO magazine is a regional “growing company” publication. SmartCEO believes that a “growing company” is really determined by the spirit, drive and dynamics of a company's owners and managers, rather than by the size of its building, the number of its employees, or its sales volume. Each month, a variety of businesses in the greater Washington and greater Baltimore areas turn to our pages for features, case-study advice and trend analysis, all with a uniquely local flavor. SmartCEO is read by more than 34,000 business owners in Baltimore and Washington.
For a complete list of winners or more information, visit www.smartceo.com.
About Spacenet
Founded in 1981, Spacenet Inc designs, develops, and manages wireline and wireless broadband network solutions for US based business, industrial and government customers. Spacenet has a longstanding tradition of industry leadership and innovation, and today has more than 100,000 operational network endpoints for customers including many Fortune 500 companies and major government agencies. Spacenet offers a complete product and services portfolio for applications ranging from primary communications for corporate applications 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 Integrated Government Solutions, a wholly owned subsidiary of Spacenet Inc, delivers network and communications solutions to the Department of Defense, Homeland Security, the Intelligence community and other government related agencies. Spacenet is based in McLean, Virginia, and operates its own end-to-end services infrastructure including network management, field services and teleport facilities in McLean, VA; Atlanta, Georgia; and Chicago, Illinois. Spacenet is a wholly owned subsidiary of Gilat Satellite Networks Ltd. (Nasdaq: GILT). Visit Spacenet at www.spacenet.com