Globecomm Systems (GSI), founded in 1994, was a global satellite communications company that delivered solutions to customers in various markets including broadcasting, telecommunications, and government. Globecomm provided end-to-end, value-added, satellite-based communication solutions, leveraging its satellite ground segment systems and network capabilities. The company offered services such as system design and integration, managed communication services, and next-generation networks. In 2017, Globecomm was acquired by an investor group led by HPS Investment Partners and funds managed by Tennenbaum Capital Partners, LLC.
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NATO Communications and Information Agency selected Globecomm Systems as the prime contractor for a next-generation satellite modem program.
Globecomm Systems will deliver qualified solutions based on the Datum Systems M7XC software-defined satellite modem.
Globecomm has a strategic partnership with Datum Systems, which provides troposcatter communications modems.
Globecomm is a subsidiary of UltiSat.
The software-defined modems provided by Globecomm will significantly enhance NATO’s Geostationary Orbit satcom capabilities over currently fielded equipment.
With the purchases of UltiSat and Globecomm, Speedcast increased its U.S. government business to about $150,000,000 in annual revenues.
More than 350 employees work for Globecomm across 10 countries including the United States, China, and South Africa.
Speedcast is purchasing Globecomm for $135,000,000 in cash and debt.
Speedcast is financing the Globecomm purchase by increasing its borrowing capacity on a credit facility from $425,000,000 to $600,000,000.