RigNet, Inc.

RigNet, Inc.

RigNet, Inc.

Overview
Date Founded

2000

Headquarters

1880 South Dairy Ashford,Suite 300,Houston, TX 77077-4760

Type of Company

Public

Employees (Worldwide)

503

Industries

Cable, Satellite, and Radio Telecommunications
Wireless Telecommunications
Advertising & Marketing

Company Description

RigNet, Inc. is a technology company, which engages in the provision of customized communications services, applications, and cybersecurity solutions. It operates through the following segments: Managed Services; Applications and Internet-of-Things; and Systems Integration. The Managed Services segment comprises remote communications, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. The Applications and Internet-of-Things segment focuses on the applications over-the-top of the Managed Services segment including Supervisory Control and Data Acquisition (SCADA) and Software as a Service (SaaS) offerings including BlackTIE and CyphreLink encryption, weather monitoring primarily in the North Sea (MetOcean), real-time data monitoring and machine-to-machine learning, and certain other value-added services such as Adaptive Video Intelligence (AVI). The Systems Integration segment gives design and implementation services for customer telecommunications systems. The company was founded by Omar Kulbrandstad in 2000 and is headquartered in Houston, TX.

Contact Data
Trying to get in touch with decision makers at RigNet, Inc.? Subscribe today to access their professional contact information.
Executives & Employees

Chief Executive Officer & President

Senior Vice President & Chief Financial Officer

Senior Vice President & General Counsel

Chief Technology & Information Officer

Chief Information Officer

Chief Sales Officer

Chief Accounting Officer & Accounting Director

General Manager, Brazil

Vice President & General Manager, Products & Services

Vice President-Energy Maritime Western Hemisphere

Board of Directors

Former Partner, Southwest Area Professional Practice at KPMG LLP

Chief Operating Officer at Windstream Communications, Inc.

Chief Executive Officer & President at RigNet, Inc.

Chief Executive Officer at Avant Venture Capital AS

Member & Head of Services-Europe at KKR & Co., Inc.

Co-Founder at Congruex LLC

Managing Director at Blue Ridge Partners Management Consulting LLC

Chairman & Chief Executive Officer at vXchnge Operating LLC

Director at Cavell Group Ltd.

Paths to RigNet, Inc.
Potential Connections via
Relationship Science
You
RigNet, Inc.
Owners & Shareholders
Details Hidden

Punch & Associates' (P&A) investment management approach incorporates a risk-averse investment philosophy centered on preserving and growing their clients' assets. The firm is a multi-cap manager with the following core strategies: Income, Large-Cap Equity, and Small- and Micro-Cap Equity. For their individual clients, P&A believes the most important decision involves the allocation of assets among different asset classes, supplemented by rigorous fundamental analysis providing the key to successful security selection. They believe it is possible to achieve consistent and superior investment returns through all market environments by using a disciplined and opportunistic style of investing, coupled with a willingness to look different from other mainstream investors.The Punch Small-Cap Strategy invests in equities with market-cap of $250 million to $2 billion. The firm combines intensive bottom-up investment research with elements of behavioral finance to create a portfolio of companies that are purchased at compressed valuations. P&A seeks out sectors and issues with accelerating fundamentals, economically attractive business models and low recognition among the general investing public.The Punch Large-Cap strategy takes a \"hub-and-spoke\" approach to building a portfolio of large-cap equities. A \"hub\" of closed-end or index funds is surrounded with \"spokes\" of concentrated positions in individual stocks taken from the universe of domestic companies with market-cap greater than $5 billion.The Punch Strategic Total Return Strategy (STR) is meant for client accounts that don't meet the minimum investment amount for P&A's other strategies (generally $100,000), although it can also be suitable for larger accounts. It ss a total return strategy that focuses on generating an attractive dividend yield in addition to capital appreciation. Portfolios are constructed using a limited number of closed-end funds, index shares and other pooled vehicles, and the strategy is benchmarked to the S&P 500.The Punch Micro-Cap Equity Strategy applies a similar investment process as the Small-Cap Equity Strategy while screening for companies in the smallest end of the small-cap spectrum (less than $250 million). The strategy is offered to accredited investors and qualified clients through a private investment partnership, PMCP, solely through a Confidential Private Placement Memorandum.The Punch Income Strategy invests in a wide variety of securities with the characteristics of producing durable, predictable yields and price appreciation over full market cycles. Incorporating varied yield vehicles to provide total return in both a taxable and tax-efficient manner, the strategy focuses on total return, emphasizes regular cash flow and takes a \"reversion-to-the-mean\" approach to asset allocation, targeting asset classes that have under-performed over the past 3-5 years.^

Details Hidden

Punch & Associates' (P&A) investment management approach incorporates a risk-averse investment philosophy centered on preserving and growing their clients' assets. The firm is a multi-cap manager with the following core strategies: Income, Large-Cap Equity, and Small- and Micro-Cap Equity. For their individual clients, P&A believes the most important decision involves the allocation of assets among different asset classes, supplemented by rigorous fundamental analysis providing the key to successful security selection. They believe it is possible to achieve consistent and superior investment returns through all market environments by using a disciplined and opportunistic style of investing, coupled with a willingness to look different from other mainstream investors.The Punch Small-Cap Strategy invests in equities with market-cap of $250 million to $2 billion. The firm combines intensive bottom-up investment research with elements of behavioral finance to create a portfolio of companies that are purchased at compressed valuations. P&A seeks out sectors and issues with accelerating fundamentals, economically attractive business models and low recognition among the general investing public.The Punch Large-Cap strategy takes a \"hub-and-spoke\" approach to building a portfolio of large-cap equities. A \"hub\" of closed-end or index funds is surrounded with \"spokes\" of concentrated positions in individual stocks taken from the universe of domestic companies with market-cap greater than $5 billion.The Punch Strategic Total Return Strategy (STR) is meant for client accounts that don't meet the minimum investment amount for P&A's other strategies (generally $100,000), although it can also be suitable for larger accounts. It ss a total return strategy that focuses on generating an attractive dividend yield in addition to capital appreciation. Portfolios are constructed using a limited number of closed-end funds, index shares and other pooled vehicles, and the strategy is benchmarked to the S&P 500.The Punch Micro-Cap Equity Strategy applies a similar investment process as the Small-Cap Equity Strategy while screening for companies in the smallest end of the small-cap spectrum (less than $250 million). The strategy is offered to accredited investors and qualified clients through a private investment partnership, PMCP, solely through a Confidential Private Placement Memorandum.The Punch Income Strategy invests in a wide variety of securities with the characteristics of producing durable, predictable yields and price appreciation over full market cycles. Incorporating varied yield vehicles to provide total return in both a taxable and tax-efficient manner, the strategy focuses on total return, emphasizes regular cash flow and takes a \"reversion-to-the-mean\" approach to asset allocation, targeting asset classes that have under-performed over the past 3-5 years.^

Recent Transactions
Details Hidden

RigNet, Inc. purchases Energy Satellite Services LLC

Details Hidden

RigNet, Inc. purchases Data Technology Solutions LC

Details Hidden

RigNet, Inc. purchases Cyphre Security Solutions LLC

Insider Transactions
Details Hidden
Details Hidden
Details Hidden
Transaction Advisors
Underwriter

Advised onRigNet, Inc. issued Common Stock

Escrow Agent

Advised onRigNet, Inc. issued Common Stock

Investment Advisor

Advised onRigNet, Inc. purchases Energy Satellite Services LLC

Associate

Advised onRigNet, Inc. purchases Inmarsat Plc /Energy Broadband Business from Inmarsat Plc

Attorney

Advised onRigNet, Inc. purchases Inmarsat Plc /Energy Broadband Business from Inmarsat Plc

Advisors & Consultants
Advisor

Treasurer at Kellogg Brown & Root Services, Inc.

Consultant

Former Secretary, Vice President & General Counsel at RigNet, Inc.

Consultant

Vice President, Energy Segment Market Management at O3b Networks Ltd.

Clients

AT&T, Inc. is a holding company, which engages in the provision of telecommunications and digital entertainment services. It operates through the following business segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment provides advanced IP-based services including Virtual Private Networks (VPN); Ethernet-related products; FlexWare, a service that relies on Software Defined Networking (SDN) and Network Functions Virtualization (NFV) to provide application-based routing, and broadband, collectively referred to as strategic services, as well as traditional data and voice products. We utilize our wireless and wired networks to provide a complete communications solution to our business customers. The Entertainment Group segment offers video, internet, voice communication, and interactive and targeted advertising services to customers located in the United States. The Consumer Mobility segment provides nationwide wireless service to consumers, and wholesale and resale subscribers located in the United States. The International segment provides entertainment services in Latin America and wireless services in Mexico. The company was founded in 1983 and is headquartered in Dallas, TX.

Hess Corp is a global exploration and production company which engages in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas with production operations. It operates through the following segments: Exploration and Production; Midstream; and Corporate, Interest, and Other. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas. The Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. The Corporate, Internet, and Other segment refers to unallocated costs. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.

BP Plc operates as an integrated oil and gas company worldwide. It operates through three segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, including liquefied natural gas, and power and natural gas liquids. It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGL extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers. It offers lubricants and related products under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemicals products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemicals products. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. It also produces bioethanol, sugar, and biobutanol; exports power to the local grid; transports hydrocarbon products through shipping and chartering services. BP was founded by William Knox D'Arcy on April 14, 1908 and is headquartered in London, the United Kingdom.

Key Stats and Financials As of 2017
Market Capitalization
$348M
Total Enterprise Value
$293M
Earnings Per Share
$-0.9
Revenue
$205M
EBITDAMargin
12.03%
Enterprise Value Sales
1.43x
Enterprise Value EBITDAOperating
11.87x
TEVNet Income
-18.1x
Debt TEV
0.2x
Net Profit
$-16.2M
EBITDA
$24.7M
Total Debt
$58.1M
Total Equity
$107M
Three Year Compounded Annual Growth Rate Of Revenue
-14.7%
Five Year Compounded Annual Growth Rate Of Revenue
4.85%
Investors
Details Hidden

President, Chief Executive Officer, Chief Financial Officer, Director at MicroSilicon, Inc.

Details Hidden

HitecVision is an active manager which aims to create value by partnering with entrepreneurial managers to build substantial companies. They invest in well-run companies with high growth potential in the energy sector, specializing in technology companies supplying advanced solutions and services to the oil and gas sector, independent oil companies, and traditional oil service businesses.The firm invests in companies in all stages of development, providing growth capital and replacement capital, with a preference for MBOs. They invest in companies in Northern Europe and North America, primarily in Norway, the UK and the US.HitecVision typically takes a controlling stake in high-growth companies with revenues of $50-$300 million, seeking to invest $30-$150 million in businesses with strong management teams, clear and effective incentive systems, unique technologies and/or services, strong positions in the global oil and gas market, significant market potential, clear growth plans and visible and credible exit routes.

Details Hidden

Cubera's private equity investment strategy focuses on advising and investing in the Nordic region and on secondary markets. They invest in the technology sector across a range of areas such as firms providing rapid development software platforms, applications and services for work force planning, IT consultancy services and information solutions, digital security, production technology for micro- and nanoscale metal structures and mobile multimedia.Cubera believes their key competencies are deal creation, fund and manager selection and reporting techniques.

Suppliers
SES SA Appliances & Electronics | Luxembourg, LU

SES SA We are a world-leading satellite operator, providing reliable and secure satellite communications solutions to broadcast, telecom, corporate and government customers worldwide. We own and operate a fleet of 52 geostationary satellites that are complemented by a network of teleports and offices located around the globe. This far-reaching infrastructure enables our customers to reach 99% of the world’s population and places SES at the heart of the global communications chain. We are headquartered in Luxembourg and operate worldwide through dedicated regional teams. We are listed on Euronext Paris and on the Luxembourg Stock Exchange (SESG)

Competitors
Speedcast International Ltd. Other Business & Consulting Services

SpeedCast International Ltd. engages in the provision of remote communications and IT services worldwide by focusing on creating value for customers through tailored solutions with customer service. The company designs, implements, integrates, operates and maintains communications networks. Its products and services include network service, value added services, equipment sales, wholesale VOIP, professional services, and system integration. The company was founded on July 14, 2014 and is headquartered in Hong Kong.

Panasonic Corp. Appliances & Electronics - Kadoma, OS

Panasonic Corp. engages in the development, manufacture, and sale of electrical products. It operates through the following segments: Appliances, Eco Solutions, Connected Solutions Company, Automotive and Industrial Systems, and Others. The Appliances segment develops and manufactures white goods such as vacuum cleaner, washing machine, refrigerator, and air conditioner; as well as health and beauty products. The Eco Solutions segment handles development, manufacture and sale of lighting fixtures and electric lamps including LED lighting, solar photovoltaic systems, wiring devices, interior furnishing materials, water-related products, ventilation and air-conditioning equipment, air purifiers, and others. The Connected Solutions segment offers system integration, installation, support, and maintenance services for aviation, manufacturing, entertainment, retail, and logistics. The Automotive and Industrial System segment develops, manufactures, sells and provide services for car-use-multimedia-related equipment, electrical components, lithium-ion batteries, storage batteries, dry batteries, electronic components, electronic materials, automation controls, semiconductors, optical devices, electronic-components-mounting machines, welding equipment, bicycles, and others. The Others segment deal with detached housing, rental apartment housing, land and buildings for sale, home remodeling, imported materials and components, and others. The company was founded by Konosuke Matsushita on March 7, 1918 and is headquartered in Osaka, Japan.

Tampnet AS Cable, Satellite, and Radio Telecommunications - Stavanger, RO

Tampnet AS operates offshore communication networks. It develops low latency communication network of fiber backbone cables and radio links, serving both the Norwegian and the United Kingdom sectors. The firm's services include exploration rigs and gas platforms. It also offers fibre optics, offshore 4G lite and international carrier solutions. The company was founded in 2001 and is headquartered in Stavanger, Norway.