Wednesday, November 30, 2005

ViaSat Acquires Efficient Channel Coding

ViaSat acquired privately- held Efficient Channel Coding Inc. (ECC), a producer of broadband communication integrated circuits and satellite communication systems. Terms of the deal include initial consideration of approximately $16.5 million and the assumption of certain stock options as well as $9.0 million of additional consideration to be paid in cash and/or stock based on ECC meeting certain financial performance targets over the next two years.

ViaSat said the deal enhances its position in the new S2 version of the DVB-RCS satellite broadband standard. The company also becomes the supplier of modem chips for the Asian IPSTAR spot-beam satellite system.

Efficient Channel Coding is based in Cleveland, Ohio and has 55 employees.

  • ViaSat's full line of satellite communication products includes VSAT systems for network access and infrastructure, and Ka-band satellite systems, from user terminals to large gateways.

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