Integration of NetNearU Assets Complete; NetNearU Fully Operates Under the Viasat Inc. Brand
CARLSBAD, Calif. – June 15, 2015 – In less than one-year, Viasat Inc. (NASDAQ: VSAT) has completed its integration of the NetNearU Corporation technology, team and assets under the Viasat Inc. umbrella. By fully integrating NetNearU, customers and partners now receive comprehensive operational and contractual support from Viasat.
On June 6, 2014, NetNearU became a 100 percent-owned subsidiary of Viasat Inc. and on April 2, 2015, NetNearU merged into its parent, Viasat Inc. As a result, NetNearU ceased to exist as a separate entity and all of its assets were automatically transferred to Viasat Inc.
Through the completion of the integration process, Viasat serves more than 100,000 networks and more than nine million access points worldwide. The Company provides an easy to deploy, technology-agnostic system for managing public Wi-Fi® and other wireless internet access networks including hotspots, enterprise, campus, and metro installations through its TRACKOS® software. The TRACKOS software provides automated and real-time provisioning, authentication, billing, roaming, quality of service, advertising, network monitoring, and support as well as a cloud-based, white-labeled managed Wi-Fi system.
“With full integration of NetNearU into Viasat, we are able to offer more service value, operational support and convenience to our global network of customers and partners,” said Cody Catalena, vice president and general manager, Wireless Services, Viasat. “Additionally, by operating entirely under the Viasat brand, we can offer a comprehensive network management system for Wi-Fi and other internet access networks that can extend the Viasat Exede service to a growing base of subscribers across multiple markets.”
More information on Viasat Managed Wi-Fi Services.
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 statements about the integration of services and support for wireless access. 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: contractual problems, product defects, manufacturing issues or delays, regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and increased competition and other factors affecting the defense, commercial and service provider markets generally. 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.