3rd November 2016
Satcom Global, the leading satellite communications provider announces an agreement with RM Capital, the independent lending specialist, which will see them provide a $10 million financing facility to support its expansion into the VSAT market.
The multi-million dollar investment marks a crucial step in Satcom Global’s long-term strategy and will fund customer equipment rental plans for new VSAT services, addressing growth opportunities in both land and maritime markets as the need for high-speed real-time data communication grows. Satcom Global will leverage the investment from RM Capital to support the growth and development of their maritime and land product portfolios, delivering business critical and often vital communications to more remote-users at sea and on land than ever before.
Ian Robinson, CEO, Satcom Global said:
“We are very pleased to have the backing of RM Capital to support our expansion into VSAT technologies. The investment will specifically provide funding for high value Ku and Ka-band equipment rental plans, making our services accessible to more maritime and land based customers. We are very excited to be working with RM Capital and look forward to ongoing collaboration as we continue to grow the business and offer the best possible service to our customers around the world.”
James Robson, Chief Investment Officer at RM Capital said:
“We are excited to be supporting the growth of a British headquartered business such as Satcom Global and to help them develop and grow their business. We have been working closely with the team over the last year to ensure the funding package will allow them to offer their customers the best and most suitable service packages. We will continue to identify established businesses like Satcom Global, who we can help to further their growth ambitions.”
This investment is specifically supporting equipment rental for Aura, Satcom Global’s new customisable VSAT solution offering constant connectivity to customers across the globe in a variety of flexible packages. Aura is set to be a game changer for maritime businesses, providing customers with the worldwide coverage and reliable high speed services associated with quality VSAT, combined with unrivalled flexibility and value. It provides access to quality voice services and high speed broadband, capable of supporting real-time data-hungry applications such as video and streaming with ease, meeting the varied needs of merchant shipping, cruise and government vessels as well as offshore installations.
In addition, Satcom Global was recently announced as a Valued Added Reseller (VAR) for Inmarsat Global Xpress for land and Fleet Xpress for maritime. The appointment provides Satcom Global with access to the world’s first seamless global Ka-band network delivered by a single operator, further strengthening their portfolio of ‘always- on’ high speed communications.
Today, Satcom Global is a key global distribution partner for major Satellite Network Operators Inmarsat, Iridium and Thuraya, as well as operating its own VSAT service Satcom Global Aura. With a focus on innovation and customer experience, Satcom Global has developed an industry leading suite of value added services that further enhance its service offering to its customers. Headquartered in North Shields, UK, the Group has offices in Singapore, Bangkok, Tokyo, Phoenix, Brisbane, and Perth, and employs more than 200 people globally.
For more information about VSAT services from Satcom Global, please contact the friendly team in your region or please Just Ask.
About RM Capital
Established in 2010, with offices in Edinburgh, London and Paris, RM Capital provides institutional and corporate clients idea-driven investment banking, direct lending, fundraising and sales & trading services.
RM Capital’s Direct Lending business lends to SMEs and Middle Market corporates which are led by exceptional management teams, demonstrate high cash flow visibility and are backed by real assets.
By providing a range of services, RM Capital can facilitate bespoke corporate solutions to meet the financial needs of individual businesses. RM Capital Markets is authorised and regulated by the FCA.
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