Spacenet selected by major retailer to deliver critical network solutions for current needs and potential store expansion

Mclean, va.--(business wire)--spacenet inc., a wholly owned subsidiary of gilat satellite networks ltd. (nasdaq: gilt) and a leading provider of managed network services, today announced that it was selected to continue its provision of vsat network services to a major retailer with thousands of locations in the u.s. this 5 year extension to 2018, with the 2 years remaining on previously scheduled services, brings the contract value to $27 million. with potential store expansions, the contract value could grow to $35 million. under the terms of the contract, spacenet will continue supporting the retailer’s stores with diverse network connectivity for a variety of data applications utilizing business continuity and multicast content delivery. spacenet will also support the retailer’s requirements for rapid site expansion as they add new retail locations in the u.s. spacenet’s vendor and technology agnostic approach provides customers with an optimum connectivity option for each site. this results in better coverage, performance and security, while reducing network costs. spacenet’s reliable and cost-effective managed network solutions are able to manage a variety of traffic types supporting retail applications including pci compliance, business continuity, on-site management support, internet/intranet access, pos, video security, inventory management, employee training and payroll systems, among many others. “this award is genuine validation of the benefits spacenet delivers to the retail industry,” said spacenet president and coo, glenn katz. “spacenet has invested in technology, services and people to accomplish our goal of delivering superior value and performance and helping our customers expand their business, reduce costs, improve security and meet their network objectives. we’re delivering real improvements to the way our customers operate and serve their clients, and the industry is taking notice.” about spacenet® since 1981, spacenet inc. has designed, implemented and managed some of the largest communications networks for us based business, industrial and government customers. spacenet has a longstanding tradition of industry leadership and innovation, and today manages communications at more than 130,000 locations for customers including many fortune 500 companies and major government agencies. the company offers a complete product and services portfolio for converged voice and data applications ranging from primary communications and secure data transfer, to hot stand-by solutions for continuity of operations and network backup, or field deployable solutions for disaster recovery and emergency management. spacenet is based in mclean, virginia, and operates its own end-to-end services infrastructure including network management, field services and teleport facilities in mclean, va; atlanta, georgia; and chicago, illinois. spacenet is a wholly owned subsidiary of gilat satellite networks ltd. (nasdaq: gilt). visit spacenet at http://www.spacenet.com
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