Managed IT Services Provider ViaSat Acquires Data Encryption Company Stonewood

Managed IT services provider ViaSat has acquired data encryption company Stonewood. The merger will allow the two companies to provide an integrated portfolio of information assurance products. These products will be cross-marketed and distributed to a wider customer base. In addition, the merger will speed up the development of new encryption products. These companies’ combined expertise in security and encryption will help them push the boundaries of the security industry.

ViaSat acquires data encryption company Stonewood

US satellite communications and satellite products firm ViaSat has announced the acquisition of data encryption company Stonewood Group Limited. Stonewood develops encryption products that protect hard drive data from theft, loss, or compromise. Its customers include governments and military organisations. The deal is worth $20 million in cash.

ViaSat will be able to offer a full range of information assurance products to its channel partners. This includes an expanded product portfolio and manufacturing capabilities. ViaSat claims the acquisition will give partners everything they need to meet their clients’ needs in information assurance, cyber security, and portable high-speed satellite communications.

Stonewood Group Limited is based in Dorset, United Kingdom. The company provides security solutions for military and commercial applications. Its products include hardware encryption for the Ministry of Defense and bespoke security solutions. It also manufactures security-related electronic assemblies and components. Its full profile is available on the PitchBook Platform.

ViaSat is based in Carlsbad, California. It has several global locations for its customer service, network operations, and technology development. It has approximately 900 employees worldwide. The acquisition of Stonewood will allow ViaSat to continue its expansion plans and grow the company’s customer base. In addition, the company will benefit from Stonewood’s strong technical expertise in the field of data encryption.

ViaSat to manage Stonewood’s IT services

ViaSat has entered into an agreement to acquire Stonewood, a provider of IT and data center management services. The acquisition includes an initial purchase price of $20 million, which is subject to adjustments based on transaction expenses, net asset value, and third party debt. The terms of the deal also include the right for ViaSat to substitute additional cash for Stonewood common stock. According to ViaSat, the acquisition is subject to customary closing conditions and is expected to close in 45 days.

ViaSat’s acquisition of Stonewood is a major step in the firm’s development. Known for developing secure data storage products, Stonewood has built a reputation for quality, reliability, and security. The deal will allow Stonewood to expand its product range and expand its customer base.

The company has a long history in government and military satcom and is a leader in both. It offers terminals for UHF and broadband military satcom, video data links for UAVs, data messaging processors, simulation systems, and secure networking products.

ViaSat has also built a strong product line in commercial satellite networking systems. These include enterprise IP applications, gateways, and customer premises equipment.

Future of Stonewood

The Stonewood Group Limited is a global provider of secure hardware encryption at rest (HARE) solutions. The firm’s flagship products include Flagstone and Eclypt. These trusted systems are certified by NATO, FIPS 140-2, and the U.K. National Technical Authority. The company has a strong history of innovation and engineering development, and has worked with defense programs to develop new secure systems.