ViaSat Acquires Engreen for Added Network Virtualization Capabilities

June 11, 2015

Viasat Inc has acquired Engreen, a privately-held company focused on network virtualization. Through the acquisition, ViaSat expects to add management flexibility for its global satellite-ground system.

Engreen's flagship virtualization product provides a path to enhance network management, lower capital expenses, energy and real estate, and minimize overall network complexity.

"Our investment in Engreen reinforces our commitment to the global Ka-band satellite market," said Kevin Harkenrider, senior vice president, Commercial Networks, ViaSat. "This transaction will enhance our ability to rapidly create, deploy and manage services in our Flexible Broadband System."

ViaSat's Flexible Broadband System enables fast and cost-effective satellite broadband services for regional service providers worldwide. The unique system offers an easy entry point to high-capacity satellite networking with scalability to match business growth in any market.

Pawan Uberoy, Engreen CEO, commented, "There are multiple synergies in how ViaSat and Engreen approach network management leveraging enhanced virtualization capabilities. We are looking forward to joining ViaSat and adding value to its global customer base."

In connection with the acquisition, ViaSat establishes a presence in San Jose, California, USA and Bangalore, India. The transaction is not expected to materially affect ViaSat non-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.