Hughes
Communications, Inc. (HUGHES), the global leader in broadband satellite
network solutions and a leading broadband managed network services
provider, announced today that it has entered into a definitive agreement
to acquire Helius, Inc., a portfolio company of Canopy Ventures. The
acquisition is expected to be completed on or about February 4, 2008. Upon
completion of the acquisition, Helius will become a wholly owned subsidiary
of Hughes and will operate closely with Hughes' North America and
International enterprise businesses.
The acquisition will combine the skills of Helius, a recognized leader
in providing business IPTV solutions for applications such as training,
corporate communications, and digital signage, with the extensive broadband
networking experience and customer base of Hughes. Hughes plans to deploy
Helius' innovative IP video technologies to enhance its existing
HughesNet(R) service offerings.
Hughes has a large and growing customer base of government, retail,
hospitality, and petroleum customers with an interest in business IPTV
applications. Recent developments in broadband and video compression
technologies allow internal and customer-facing digital media applications
to be delivered for a fraction of the cost of previous systems. When
combined with Hughes' networking services, the Helius product suite
provides a cost- effective and compelling enterprise networking and
communications solution.
"As a premier managed network services provider to enterprise and SMB
customers, Hughes saw a natural fit in teaming with Helius to better
address the market for digital media solutions," said Pradman Kaul,
president and CEO of Hughes. "We believe this acquisition will uniquely
position Hughes as a cost-effective, end-to-end service provider offering
content management, hardware, installation, maintenance, network
operations, and services."
"Businesses around the globe are looking for better ways to communicate
with their customers and employees," said Mike Tippets, president and CEO
of Helius. "Together with Hughes we are able to provide those
organizations, and the integrators who service them, with end-to-end
solutions that are easy to buy and easy to use."
Helius
Founded in 1995, Helius is a worldwide leader in business-class data
broadcasting solutions and has been focused on the data broadcasting and
IP- over-satellite markets for nearly a decade. Helius offers a
comprehensive portfolio of digital signage, training, distance learning,
and content distribution network solutions. Helius is a privately held firm
with funding from The Canopy Group.
Hughes Communications, Inc.
Hughes Communications, Inc. (Nasdaq: HUGH) is the 100 percent owner of
Hughes Network Systems, LLC. Hughes is the global leader in providing
broadband satellite networks and services for enterprises, governments,
small businesses, and consumers. HughesNet encompasses all broadband
solutions and managed services from Hughes, bridging the best of satellite
and terrestrial technologies. Its broadband satellite products are based on
the IPoS (IP over Satellite) global standard, approved by the TIA, ETSI,
and ITU standards organizations. To date, Hughes has shipped more than 1.2
million systems to customers in over 100 countries.
Hughes and HughesNet are registered trademarks of Hughes Network
Systems, LLC.
SOURCE: Hughes Communications, Inc.