Boston, Mass., Feb. 14, 2019 — Brightcove Inc. (NASDAQ: BCOV), a provider of cloud services for video, has announced it has entered into a definitive agreement to acquire the online video platform (OVP) business of Ooyala, a provider of cloud video technology.
Petah Tikva, Israel, Feb. 12, 2019 — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) has reported a drop in quarterly revenues to $69.7 million, compared with $82.7 million in Q4 2017, and a full year 2018 revenues of US$ 266.4 million versus US$ 282.8 million in 2017.
Acton, Mass., Feb. 11, 2019 — Video delivery platform leader SeaChange International (NASDAQ: SEAC) has announced that it has acquired privately-held Xstream A/S, an over-the-top video and TV cloud platform provider based in Copenhagen, Denmark and Warsaw, Poland. SeaChange paid US$ 4.6 million in cash and 541,738 shares of SeaChange common stock, for a total transaction value as of February 6, 2019 of US$ 5.5 million.
Kourou, French Guiana, Feb. 5, 2019 — Ariane 5 placed the geostationary satellite 1/Hellas Sat 4 (HS-4/SGS-1) and GSAT-31 telecommunications satellites into geostationary transfer orbit (GTO), lifting off from the European spaceport in Kourou (French Guiana).
Hickory, NC, Feb. 1, 2019 — CommScope (NASDAQ: COMM), a global leader in infrastructure solutions for communications networks, has agreed to acquire ARRIS International plc (NASDAQ: ARRS), a global leader in entertainment and communications solutions, in an all-cash transaction for $31.75 per share, or a total purchase price of approximately US$ 7.4 billion, including the repayment of debt.
Saint Gregoire, France, Jan. 31, 2019 — AVIWEST, a global provider of video contribution systems, announced today that the company saw a 20 percent acceleration in purchase order growth in 2018. AVIWEST also announced it will be expanding across the United States, Europe, and India, with new engineering positions currently open in the company's R&D, support and pre-sales, and sales departments.
Chicago, Ill., Jan. 30, 2019 — Boeing Company [NYSE: BA] has reported fourth-quarter revenue of US$ 28.3 billion and GAAP earnings per share of US$ 5.93 on record commercial deliveries, higher defense and services volume, and strong performance. In the company’s Defense, Space & Security segment, fourth-quarter revenue increased to US$ 6.1 billion driven by increased volume across F/A-18, satellites, and weapons. Fourth-quarter operating margin increased to 10.9 percent, primarily reflecting favorable mix.
Reston, Va., Jan. 29, 2019 — Science Applications International Corp. (NYSE: SAIC) has announced the successful completion of its merger with Engility Holdings, Inc. (NYSE: EGL). The merger was previously approved by SAIC and Engility stockholders at special meetings held on Jan. 11, 2019.
Melbourne, Fla., Jan. 29, 2019 — Harris Corporation (NYSE: HRS) reported fiscal 2019 second quarter revenue of US$ 1.7 billion, up 9% compared with the prior year. GAAP earnings per diluted share (EPS) from continuing operations increased 74% to US$ 1.88, and non-GAAP EPS increased 19% to US$ 1.96. Net income increased 72% to US$ 225 million, and adjusted earnings before interest and taxes increased 18% to US$ 327 million with margin expansion of 150 basis points (bps).
Mclean, Va., Jan. 16, 2019 – Aireon LLC today announced it has signed a credit facility agreement for US$200 million with a group of several independent investor funds, led by Deutsche Bank. This credit facility provides Aireon with the resources to fund various company initiatives and to continue to pay Iridium for the costs related to the integration, launch and hosting of the AireonSM payload on each of the 81 Iridium NEXT satellites.