RigNet Announces Closing of Intelie Acquisition
The acquisition of Intelie accelerates RigNet’s strategy to move up the network stack and furthers the development of valuable enterprise applications powered by highly differentiated data analysis.
“Machine learning is increasingly becoming the new imperative across all industries. Since our initial announcement, we have received positive feedback from our existing and prospective customers, who are excited about RigNet’s ability to integrate machine learning and operational intelligence through real-time data processing into the next generation of managed communications services," said
Intelie will become a wholly-owned subsidiary of
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This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections, benefits and synergies of the proposed transaction, future opportunities for the combined company and products, future financial performance and any other statements regarding RigNet’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not statements of historical fact, are forward-looking statements within the meaning of the federal securities laws.
Source: RigNet, Inc.