RigNet Announces Acquisition of Cyphre Security Solutions (CSS), A Provider of Data Encryption Services
May 22 2017 - 9:00AM
RigNet, Inc. (NASDAQ:RNET) today announced that it has acquired
Cyphre Security Solutions (“Cyphre”) a cybersecurity company that
provides the most advanced enterprise data protection available on
the market today. Cyphre’s hardware-based encryption features low
latency protection for files at rest and in transit for both public
and private cloud, providing higher levels of granularity and
control than previously seen in the market.
“RigNet is pleased to add this critical and
highly differentiated security offering. This acquisition supports
our stated diversification plan and our plan to expand our
over-the-top (OTT) offerings. Cyphre’s product set is a key step in
creating a world-class cybersecurity portfolio for our customers.
Deployment of these solutions will provide unique protection for
our customer’s data,” said Steven Pickett, RigNet’s CEO and
president.
Lance Smith, CEO of Cyphre, said “I am excited
about the powerful combination of Cyphre’s product set that
leverages our BlackTIE® encryption technology and RigNet’s
world-class Managed Service offerings. RigNet, through the use of
these new capabilities, will provide an unmatched and innovative
security solution for enterprise customers around the world.”
About RigNet
RigNet (NASDAQ:RNET) is a leading global
provider of customized systems and solutions serving customers with
complex data networking and operational requirements. RigNet
provides solutions ranging from fully-managed voice and data
networks to more advanced applications that include video
conferencing, crew welfare, asset monitoring and real-time data
services. RigNet is based in Houston, Texas and has operations
around the globe.
For more information on RigNet, please
visit www.rig.net. RigNet is a registered trademark of RigNet,
Inc.
Media / Investor Relations Contact:
Charles E. Schneider
Senior Vice President and Chief Financial Officer
RigNet, Inc.
Tel: +1 (281) 674-0699
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