Finance

Space access company Vector appointed Robert Cleave as its Chief Revenue Officer (CRO). He will oversee and manage all revenue-generating activities including acquiring new customers and continuing to partner with current customers to grow the existing launch manifest. “We are commencing flight operations in 2019 and it is critical our Chief Revenue Officer understands what...

FMC GlobalSat completed an oversubscribed interim round of $1 million, bringing total funding to more than $3 million. FMC GlobalSat configures, integrates, and deploys a hybrid wireless and satellite connectivity solution for a range of enterprise customers, including energy, private and commercial maritime, mining, agriculture, and other geographically remote installations. FMC GlobalSat’s network incorporates High Throughput...

European media and entertainment company Sky has invested in Synamedia, an independent video software provider, joining majority shareholder Permira as a shareholder in the company. Both Sky and its parent company Comcast are long-time Synamedia customers as well as strategic development partners. “We’ve long collaborated with the team at Synamedia to help bring great content, products and entertainment to millions...

Hughes Network Systems is now certified as a Verifone Managed Network Service Provider (MNSP). This certification enables the company to offer Verifone Point of Sale (POS) retail customers a transition to a Payment Card Industry (PCI)-compliant solution compatible with outdoor Europay, MasterCard, and Visa (EMV) chip-card readers, replacing the discontinued Enhanced Zone Router (EZR). “Retail petroleum...

Visa and SiriusXM Connected Vehicles Services revealed plans for a new in-vehicle payment solution. The companies are aiming to enhance the way customers spend their time in-vehicle and plan to offer the SiriusXM e-wallet to manufacturers who deploy SiriusXM’s connected vehicle services. The SiriusXM e-wallet is being designed to integrate into vehicle dashboards, aiming to allow...

NSR released its VSAT and Broadband Satellite Markets 17th Edition report, in which it predicts cumulative market revenue of $159 billion in the next decade. The report also predicts 13.4 percent annual growth in the installed base of consumer sites alone. Enterprise Very Small Aperture Terminal (VSAT) is a solid contributor with a predicted $12.3 billion...

Prevailing trends in satellite telecommunications have brought the industry to a crossroads. The successful navigation of which will depend on what happens with ground operations, as much as in space. Bandwidth prices have dropped sharply amid a capacity glut magnified by decreasing demand from television broadcasters — a longtime anchor customer for satellite operators. These...

Maxar Technologies’ WorldView-4 satellite experienced a failure in its control moment gyros (CMGs), preventing the satellite from collecting imagery due to the loss of an axis of stability. Efforts are ongoing in conjunction with its suppliers in an attempt to restore satellite functionality, but thus far these efforts have been unsuccessful. At this time, Maxar believes that...

Swarm Technologies agreed to pay the The Federal Communications Commission (FCC) $900 thousand over a period of five years, according to an order released Dec. 20. Swarm previously “engaged in unauthorized deployment and operation of satellites, unauthorized operation of earth ground stations, and other unauthorized operation and testing of radio frequency equipment,” according to the...

Speedcast International revealed that Sebastien Lehnherr joined the company as Chief Operating Officer (COO). Lehnherr previously held numerous operational leadership roles at Schlumberger, an oilfield services company. At Schlumberger, Lehnherr was responsible for delivering global communications and information technology infrastructure. Most recently Lehnherr oversaw cybersecurity for Schlumberger worldwide as Chief Information Security Officer. As Speedcast...