Gilat Satellite Networks Acquires Stellar Blu Solutions

Iridium Communications Acquires Satelles

March 4, 2024

Telecommunications

Iridium Communications has agreed to acquire Satelles, a provider of satellite-based Satellite Time and Location (STL) services that harden and complement GNSS timing and location systems. Iridium will pay about $115 million for the remaining ~80% of Satelles (it already owned ~20%), will fold STL into a new Iridium business line led by Satelles CEO Dr. Michael O'Connor, and expects the capability to drive significant service revenue growth.

Intelsat Acquires Gogo's Commercial Aviation Business

August 31, 2020

Telecommunications

Intelsat agreed to acquire the commercial aviation business of Gogo for $400 million in cash, combining Intelsat's global satellite network with Gogo's installed base of more than 3,000 commercial aircraft. The deal (approved by the U.S. Bankruptcy Court for the Eastern District of Virginia) is intended to expand Intelsat's in-flight broadband capabilities and deliver integrated IFEC solutions to airlines and passengers.

Sangoma Technologies Acquires Star2Star Communications

January 29, 2021

Cloud & SaaS

Sangoma Technologies Corporation has entered into a definitive agreement to acquire StarBlue Inc. (dba Star2Star Communications) for approximately US$437 million in a transaction consisting of US$105 million cash and 110 million Sangoma common shares. The deal expands Sangoma's cloud communications and CaaS capabilities, adding roughly $107 million of recurring revenue and positioning the combined company as a top-tier cloud communications provider.

ACR Group Acquires Blue Sky Network

July 7, 2022

Aerospace & Defense

ACR Group Corporation has acquired Blue Sky Network; Greenwich Capital Group acted as exclusive financial advisor to Blue Sky Network on the transaction. Blue Sky Network will retain its management, brand and engineering capabilities and will join ACR Group’s portfolio to extend satellite communications, tracking and fleet-management offerings across aerospace, government, maritime and commercial markets.

MV Index Solutions Acquires BlueStar Indexes

August 3, 2020

Financial Services

MV Index Solutions GmbH (MVIS) has acquired BlueStar Indexes, a New York–based provider of thematic and Israeli-focused indices and financial data. The combined business will operate across Frankfurt, New York, Tel Aviv and San Francisco, maintain both brands, and will have roughly $18 billion in licensed product assets tracking its indices.

Stellar IT Solutions Acquires StanSource, Inc.

May 12, 2020

IT Services

Stellar IT Solutions, a Rockville, Maryland-based IT services firm, has acquired StanSource, an information technology services provider headquartered in Dulles, Virginia. StanSource will operate as a wholly owned subsidiary as Stellar expands its talent footprint in the Washington, D.C. area and launches an in-house technology incubator to accelerate product innovation.