Spacenet's contract extension to support retail giant's primary applications with business continuity and multicast solutions brings contract value to $27 million

Spacenet Inc., was selected to continue its provision of VSAT network services to a major retailer with thousands of locations in the U.S.

This five year extension to 2018, with the two 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.

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."