iSat + OmniGlobe… Acquiring Minds Wish To Know…

[SatNews] Targeting a variety of market segments, this acquisition will enable solutions to be provided for complex business and government needs…

iSat Limited, a newly formed satellite communications infrastructure and services company, has announced the management and employee buyout of the assets of OmniGlobe (EMEA) Ltd. The new company will target government, satellite operators, communication service providers and corporate customers in the UK, Europe, Africa, and the Middle East and will exploit the growing demand for instant, reliable services utilising leading edge technology and Ka-band satellite capacity. With the existing proven management team being further strengthened by the appointment to the Board of Kevin Cawood (formerly VT Comms and Merlin Communications) and Neil Blackley (formerly Goldman Sachs/ Merrill Lynch), the company now has the independence, creativity and drive to develop as a thriving business known for delivering innovative, value for money solutions to complex customer requirements. The company is poised for rapid growth, serving both its existing customer base and expanding into new technologies and markets.

Already, the company is developing value added applications using satellite communications bearers. Last week it exhibited at Counter Terrorism on stand D32, where it presented a paper on CCTV surveillance over satellite infrastructure, focusing on the need for Governments and Corporates to maintain vigilance at remote locations for critical infrastructure. David Harper, Chief Executive Officer iSat, said, “We have a great team at iSat and this has been recognised by the backing of several private investors and Synergy Business Limited. The MBO team are delighted to enter into business with Neil, Kevin and their co-investors who have strong experience in the industry and share our vision and commitment. There is a bright future for iSat as we impose all of our technical and commercial knowledge onto the new business and continue to deliver the cutting edge projects for which we are famous.”

Kevin Cawood, iSat Chairman, said, “The history of the company is in successfully providing complex solutions to highly demanding customers in the satellite communications sector. With the completion of the management and employee buyout the team now have independence and capital to grow. The focus will firmly remain on satellite communications systems of the highest quality delivered anywhere in the world for any application.”