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Company Profile

Spacenet

Acquired by SageNet in 2014, Spacenet, Inc. was a provider of VSAT satellite-based data network services as well as hybrid satellite/terrestrial networks and network management services. Spacenet was headquartered in Tysons Corner, Virginia in the United States.

History
The company was founded in 1981 as Southern Pacific Communications Corporation (SPCC), a sister company to Sprint, providing satellite links for voice connections. The company was acquired by GTE in 1983 and grew into a worldwide satellite operator and services provider (including launching the first North American Ku band satellite, Spacenet 1). It went through several acquisitions over the next 15 years, absorbing AT&T Tridom and Contel ASC. GTE Spacenet was sold to General Electric American Communications in 1994. AT&T sold the Tridom Corporation to Spacenet in 1997. In 1998, GE Americom sold Spacenet's North American operations to VSAT terminal manufacturer Gilat Satellite Networks for $227.5 million in stock and spun the satellite assets off into GE Americom (which later became part of SES). In March 2005, Gilat wholly acquired StarBand, the first two-way consumer satellite ISP in the United States, and merged StarBand's operations into Spacenet. Andreas Georghiou became CEO of Spacenet the following year, in 2006. Under Georghiou, Spacenet acquired Chantilly, Virginia-based managed network services provider CICAT Networks in 2011. In 2012, president and chief operating officer Glenn Katz became CEO of Spacenet, replacing Andreas Georghiou. Following a loss of $2 million on $77 million in revenues in 2012 and faced with uncertainty about future spending by the U.S. Department of Defense, Gilat Satellite Networks sold Spacenet Inc. to Tulsa, Oklahoma-based managed network solutions provider SageNet for $16 million in 2013. SageNet CEO Daryl Woodard replaced Glenn Katz as CEO of the new combined company in 2014, with Brad Wise becoming president. Spacenet was wholly absorbed into SageNet by the end of 2014 and became solely a brand name for SageNet's satellite services. == Satellite fleet ==
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