—Spacenet’s Contract Extension to Support Retail Giant’s Primary Applications with Business Continuity and Multicast Solutions Brings Contract Value to $27 Million—
McLean, VA, September 21, 2011—Spacenet Inc., a wholly owned subsidiary of Gilat Satellite Networks Ltd. (Nasdaq:
GILT) and a leading provider of managed network services, today announced
that it was selected to continue its provision of VSAT network services
to a major retailer with thousands of locations in the U.S. This 5 year
extension to 2018, with the 2 years remaining on previously scheduled
services, brings the contract value to $27 million. With potential store
expansions, the contract value could grow to $35 million.
Under the terms of the contract, Spacenet will continue supporting the
retailer’s stores
with diverse network connectivity for a variety of
data applications utilizing business continuity and multicast content
delivery.
Spacenet will also support the retailer’s requirements for rapid site
expansion as they add new retail locations in the U.S. Spacenet’s
vendor and technology agnostic approach provides customers with an optimum
connectivity option for each site. This results in better coverage,
performance and security, while reducing network costs.
Spacenet’s reliable and cost-effective Managed Network solutions are
able to manage a variety of traffic types supporting retail applications
including
PCI compliance, business continuity, on-site management support,
internet/intranet access, POS, video security, inventory management,
employee training
and payroll systems, among many others.
“This award is genuine validation of the benefits Spacenet delivers to the retail industry,” said Spacenet President and COO, Glenn Katz. “Spacenet has invested in technology, services and people to accomplish our goal of delivering superior value and performance and helping our customers expand their business, reduce costs, improve security and meet their network objectives. We’re delivering real improvements to the way our customers operate and serve their clients, and the industry is taking notice.”
About Spacenet®
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
Spacenet Media Contact:
Jon Douglas, Spacenet Inc.
Phone: (703) 848-1221
jon.douglas@spacenet.com