Acquisition of EAI Design Services Expands High-Speed Networking Security Portfolio
Carlsbad, Calif. – March 3, 2015 – Viasat Inc. (NASDAQ: VSAT), an innovator in satellite and cybersecurity systems and services, has expanded its capabilities in high-speed, low-power secure space-based ASIC and FPGA microprocessor design with the acquisition of the product and technology portfolio of EAI Design Services LLC.
EAI Design developed a family of IP cores and stand-alone encryption products for high-speed networking to 100 Gbps that extend boundary protection for data centers and corporate wide area networks. These technologies are implemented in very small, low power ASICs as well as cost-effective space hardened-by-design ASICs and FPGAs. The staff of EAI Design has joined Viasat, with founder Emil Isaakian leading the immediate integration of the technologies into Viasat products, systems, and services.
The rapid prototyping expertise and 100 Gbps technology from EAI Design will accelerate the deployment of higher-speed trusted platforms, particularly for commercial applications.
“In the past couple of years, we’ve been expanding our cybersecurity portfolio to use the latest networking and cyber sensing technologies, and to support the increasing demand for more bandwidth,” said Jerry Goodwin, VP of Secure Network Systems at Viasat. “We’ve also been working closely with electric utilities to develop large-scale, distributed cyber sensing architectures to secure the electrical grid and other machine-to-machine projects. These low-power, high-performance security technologies will help us protect data and networks in the evolving internet of everything.”
“Viasat’s leadership in high-capacity satellite is an area we’re particularly excited about, especially as it deploys more networks and governments begin to realize the full market potential,” said Emil Isaakian. “We’re looking forward to exploring how we can apply our high-speed, space-hardened designs to future satellites.”
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward looking statements include among others, statements about the accelerated deployment of higher-speed trusted platforms and data and networks security. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: the ability to successfully implement Viasat’s business plan for broadband satellite services on Viasat’s anticipated timeline or at all, including with respect to the Viasat-2 satellite system; risks associated with the construction, launch and operation of satellites used to supply these new services, including the effect of any anomaly, operational failure or degradation in satellite performance; negative audits by the U.S. government; continued turmoil in the global business environment and economic conditions; delays in approving U.S. government budgets and cuts in government defense expenditures; Viasat’s reliance on U.S. government contracts, and on a small number of contracts which account for a significant percentage of Viasat’s revenues; the ability to successfully develop, introduce and sell new technologies, products and services; reduced demand for products as a result of continued constraints on capital spending by customers; changes in relationships with, or the financial condition of, key customers or suppliers; reliance on a limited number of third parties to manufacture and supply Viasat’s products; increased competition and other factors affecting the communications and defense industries generally; the effect of adverse regulatory changes on Viasat’s ability to sell products and services; Viasat’s level of indebtedness and ability to comply with applicable debt covenants; Viasat’s involvement in litigation, including intellectual property claims and litigation to protect proprietary technology; and Viasat’s dependence on a limited number of key employees. In addition, please refer to the risk factors contained in Viasat’s SEC filings available at www.sec.gov, including Viasat’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.