ViaSat Acquires Engreen to Boost Network Virtualization Capabilities
[Via Satellite 06-11-2015] ViaSat has purchased Engreen, a privately held company focused on network virtualization. According to ViaSat, Engreen’s flagship virtualization product provides a path to enhance network management, lower capital expenses, energy and real estate, and minimize overall network complexity. Through the acquisition, ViaSat expects to add management flexibility for its global satellite ground system.
In connection with the acquisition, ViaSat establishes a presence in San Jose, Calif., in the U.S. and Bangalore, India. ViaSat does not expect the transaction will materially affect non-Generally Accepted Accounting Principles (GAAP) (pro forma) earnings for fiscal year 2016. However, ViaSat has not completed its valuation analysis and, accordingly, has not determined the impact to GAAP earnings.
“Our investment in Engreen reinforces our commitment to the global Ka band satellite market,” said Kevin Harkenrider, senior vice president of commercial networks at ViaSat. “This transaction will enhance our ability to rapidly create, deploy and manage services in our Flexible Broadband System.”