{"id":66860,"date":"2017-11-08T01:38:58","date_gmt":"2017-11-07T17:38:58","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/speedcast-completes-acquisition-of-ultisat-for-100-million\/"},"modified":"2017-11-08T01:38:58","modified_gmt":"2017-11-07T17:38:58","slug":"speedcast-completes-acquisition-of-ultisat-for-100-million","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/speedcast-completes-acquisition-of-ultisat-for-100-million\/","title":{"rendered":"Speedcast Completes Acquisition of UltiSat for $100 Million"},"content":{"rendered":"<\/p>\n<p><strong>Speedcast International<\/strong> announced it has completed the previously announced 100 percent acquisition of <strong>UltiSat<\/strong> in a cash transaction of up to $100 million, payable over two years. The closing is effective as of Nov. 1.<\/p>\n<p>The acquisition of UltiSat accelerates Speedcast\u2019s push into the government vertical, a global market of $4.8 billion annually, and gives Speedcast critical mass in the vertical with more than $100 million in revenues globally. According to Speedcast, increasing demand for connectivity and a new investment cycle will underpin long-term growth in the government vertical, supported by technology enhancements and satellite capacity availability. The acquisition of UltiSat extends Speedcast\u2019s position serving government and Inter-Governmental Organization (IGO) customers at a time when government spending is expected to rise.<\/p>\n<p>\u201cThe acquisition of UltiSat creates a fourth pillar of growth for Speedcast,\u201d said Speedcast Chief Executive Officer (CEO) Pierre-Jean Beylier.<\/p>\n<p>UltiSat\u2019s CEO Mohammed Abutaleb will lead the UltiSat subsidiary as well as the newly formed global government division<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Speedcast International announced it has completed the previously announced 100 percent acquisition of UltiSat in a cash transaction of up to $100 million, payable over two years. The closing is effective as of Nov. 1. The acquisition of UltiSat accelerates Speedcast\u2019s push into the government vertical, a global market of $4.8 billion annually, and gives [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":59306,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-66860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/66860"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=66860"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/66860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/59306"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=66860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=66860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=66860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}