Thursday, July 29, 2010

Harris Acquires CapRock for $525 Million

Harris completed its previously announced acquisition of CapRock Communications for $525 million in cash.


CapRock provides managed communication services including broadband Internet access, VoIP, networking and real-time video delivered to harsh and remote locations around the world. CapRock managed network solutions include multiband, portable and fixed satellite communications services supported by its teleports and network operations centers around the globe. CapRock supports a wide range of customers in the energy, maritime and government industries, including Chevron, Diamond Offshore, ExxonMobil, Halliburton, MODEC, Shell, Transocean, KBR, Green Reefers, Gulf Offshore, Seatrans, Oceaneering, Subsea 7, the U.S. Department of Defense, Department of Homeland Security and other federal civilian agencies. The companies has its headquarters in Houston, Texas.

http://www.harris.com

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