SES Platform Services (SES PS), a wholly-owned subsidiary of SES, announced an agreement whereby RR Media, a leading provider of global digital media services to the broadcast and media industries, will merge its operations with those of SES PS.

SES will pay a consideration of USD$ 13.291 per share to acquire a 100% interest in RR Media. The consideration corresponds to an Enterprise Value of US$242 million, which will be funded from the group’s existing financial resources. The acquisition is subject to regulatory approvals, which are expected to be completed in Q2/Q3 2016.

Research and Markets forecast the IoT Platforms market growing at a compound annual growth rate (CAGR) of 33% over the 2015-2021 forecast period, with annual revenue reaching US$ 1.6 billion in 2021.

The worldwide market for IoT platforms reached $298M in 2015 with an estimated compound annual growth rate of 33% for the period to 2021, making IoT platforms one of the fastest growing segments, even within the IoT market and forecast to surpass the $1 billion mark by 2019.

Launched today, the Mobile World Congress edition of the Ericsson (NASDAQ: ERIC) Mobility Report reveals the impact of different levels of network performance on smartphone users and their perceptions of mobile operators and digital content providers.

Some of the highlights of the findings include:

  • When working under time pressure, time-to-content delays followed by an additional pause in video playout lead to a jump in mobile users' stress levels

Satellite manufacturer Space Systems Loral (SSL) today announced that Dr. Matteo Genna has assumed the role of Chief Technology Officer. Dr. Genna’s strong systems engineering and product development background, along with his visionary perspective, have advanced SSL’s capabilities, both in its core communications satellite market and in its growth market, with innovations in robotics, small satellites and advanced systems for space infrastructure and exploration.

United Launch Alliance (ULA) named David Bourcier as controller, replacing Jim Hardin who announced his retirement last year after serving in that role since the company began in 2006.

“David brings 30 years of financial background within the aerospace and defense industry to the ULA team,” said Tory Bruno, ULA president and CEO. “As ULA transforms to make space more affordable and accessible, strong leaders like David are critical to ensuring our success while we continue our laser focus on reliable launch.”