SkyPort Receives Loan From Aegis Venture Fund
[Satellite Today – 1-10-08] SkyPort Global Communications has entered into a $2.3 million debt financing arrangement with Aegis Texas Venture Fund LP, SkyPort announced Jan. 10.
Houston-based SkyPort provides managed, secure, broadband satellite and terrestrial communication services and will use proceeds from the 36-month loan to expand its marketing, sales and infrastructure initiatives.
“To meet our growth initiative it is important for SkyPort to continue its sales momentum and technological enhancements,” Patrick Brant, president and CEO of SkyPort, said in a statement. “The debt financing from Aegis helps us accelerate our plans. Given the uncertainty within the credit markets, we are excited to be in a position to strengthen our balance sheet and overall business fundamentals.”