Spacenet Selected by Major Retailer to
Deliver Critical Network Solutions for Current Needs and Potential Store
Expansion
Spacenet
September 21, 2011
Spacenet’s Contract Extension to Support Retail Giant’s Primary
Applications with Business Continuity and Multicast Solutions Brings
Contract Value to $27 Million.
McLean, VA - Spacenet Inc., a wholly owned subsidiary of Gilat Satellite
Networks Ltd. (Nasdaq: GILT) and a leading provider of managed network
services, today announced that it was selected to continue its provision
of VSAT network services to a major retailer with thousands of locations
in the U.S. This 5 year extension to 2018, with the 2 years remaining on
previously scheduled services, brings the contract value to $27 million.
With potential store expansions, the contract value could grow to $35
million. |
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Under the terms of the contract, Spacenet will continue supporting
the retailer’s stores with diverse network connectivity for a variety of
data applications utilizing business continuity and multicast content
delivery. Spacenet will also support the retailer’s requirements for
rapid site expansion as they add new retail locations in the U.S.
Spacenet’s vendor and technology agnostic approach provides customers
with an optimum connectivity option for each site. This results in
better coverage, performance and security, while reducing network costs.
Spacenet’s reliable and cost-effective Managed Network solutions are
able to manage a variety of traffic types supporting retail applications
including PCI compliance, business continuity, on-site management
support, internet/intranet access, POS, video security, inventory
management, employee training and payroll systems, among many others.
“This award is genuine validation of the benefits Spacenet delivers to
the retail industry,” said Spacenet President and COO, Glenn Katz. “Spacenet
has invested in technology, services and people to accomplish our goal
of delivering superior value and performance and helping our customers
expand their business, reduce costs, improve security and meet their
network objectives. We’re delivering real improvements to the way our
customers operate and serve their clients, and the industry is taking
notice.”
About Spacenet®
Since 1981, Spacenet Inc. has designed, implemented and managed some of
the largest communications networks for US based business, industrial
and government customers. Spacenet has a longstanding tradition of
industry leadership and innovation, and today manages communications at
more than 130,000 locations for customers including many Fortune 500
companies and major government agencies. The company offers a complete
product and services portfolio for converged voice and data applications
ranging from primary communications and secure data transfer, to hot
stand-by solutions for continuity of operations and network backup, or
field deployable solutions for disaster recovery and emergency
management. Spacenet is based in McLean, Virginia, and operates its own
end-to-end services infrastructure including network management, field
services and teleport facilities in McLean, VA; Atlanta, Georgia; and
Chicago, Illinois. Spacenet is a wholly owned subsidiary of Gilat
Satellite Networks Ltd. (Nasdaq: GILT). Visit Spacenet at
http://www.spacenet.com
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