ViaSat Inc. (Nasdaq: VSAT), an innovator in satellite and other wireless networking systems and services, has acquired privately-held LonoCloud Inc., an early-stage company with expertise in cloud networking software. ViaSat intends to integrate core components of the LonoCloud Platform as a Service (PaaS) product with the ViaSat broadband network. LonoCloud employees will join ViaSat's broadband networking team.
"Adding this core technical capability to our broadband network will both enhance our existing offering as well as shorten development cycles for new service offerings," said Mark Dankberg, ViaSat chairman and CEO. "Further, we're excited to add this talented team to our rapidly-growing broadband group."
"Joining ViaSat allows us to continue innovating in advanced cloud services with a company known for continued technical innovation," said Neil Senturia, LonoCloud CEO.
Source: ViaSat Inc.
Date: Apr 15, 2013