RigNet, Inc.

RigNet, Inc.

RigNet, Inc.

Overview
Date Founded

2004

Headquarters

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

Type of Company

Public

Employees (Worldwide)

625

Industries

Cable, Satellite, and Radio Telecommunications
Pension Funds & Sovereign Wealth
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 Communications Services (MCS), Applications & Internet-of-Things (Apps & IoT), Systems Integration (SI) and Corporate. The Managed Communications 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 & Internet-of-Things segment provides applications over-the-top of the network layer including Software as a Service (SaaS) offerings such as a real-time machine learning and AI data platform, edge computing solution services. The Systems Integration segment gives design and implementation services for customer telecommunications systems. The Corporate segment consists of unallocated executive and support activities, interest expense, income taxes and eliminations. RigNet was founded by Omar Kulbrandstad in 2000 and is headquartered in Houston, TX.

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Executives & Employees

Director, Chief Executive Officer & President

Chief Financial Officer & Senior Vice President

Chief Operating Officer & Senior Vice President

Senior Vice President & General Counsel

Chief Technology & Information Officer

Chief Information Officer

Chief Accounting Officer & Accounting Director

General Manager, Brazil

Senior Vice President & General Manager, Products & Services

Vice President, Associate General Counsel

Board of Directors

Former Partner, Southwest Area Professional Practice at KPMG LLP

Co-Founder at Congruex LLC

Chief Operating Officer at Windstream Communications, Inc.

Chairman & Chief Executive Officer at vXchnge Operating LLC

Chief Executive Officer at Avant Venture Capital AS

Director, Chief Executive Officer & President at RigNet, Inc.

Managing Director at Blue Ridge Partners Management Consulting LLC

Chief Executive Officer at Penzias Netherlands BV

Paths to RigNet, Inc.
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RigNet, Inc.
Owners & Shareholders
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G2 Investment Partners Management manages a long/short equity hedge fund that focuses on investments in small-cap companies.

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Founded in 2009 by Terry Ledbetter, Kopion Asset Management is an investment advisor located in Houston, Texas.

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Founded in 2009 by Terry Ledbetter, Kopion Asset Management is an investment advisor located in Houston, Texas.

Recent Transactions
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RigNet, Inc. purchases Safety Controls, Inc.

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RigNet, Inc. purchases Energy Satellite Services LLC

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RigNet, Inc. purchases Data Technology Solutions LC

Transaction Advisors
Underwriter

Advised onRigNet, Inc. issued USD Common Stock

Escrow Agent

Advised onRigNet, Inc. issued USD Common Stock

Investment Advisor

Advised onRigNet, Inc. purchases Energy Satellite Services LLC

Associate

Advised onRigNet, Inc. purchases Safety Controls, Inc.

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

Chief Operating Officer & Senior Vice President at RigNet, Inc.

Consultant

Former Chief Sales Officer at RigNet, Inc.

Advisor

Treasurer at Kellogg Brown & Root Services, Inc.

Clients

Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream. 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 company was founded by Leon Hess in 1920 and is headquartered in New York, NY.

Singapore Telecommunications Ltd. is an investment holding company, which engages in the provision of telecommunications systems and services. It operates through the following segments: Group Consumer, Group Enterprise, Group Digital Life, and Corporate. The Group Consumer segment includes mobile, pay TV, fixed broadband and voice, as well as equipment sales. The Group Enterprise segment provides services include mobile, equipment sales, fixed voice and data, managed services, cloud computing, cyber security, information technology, and professional consulting. The Group Digital Life segment focuses on digital marketing, regional premium over-the-top video, and advanced analytics and intelligence capabilities. The Corporate segment comprises the costs of Group functions not allocated to the business segments.The company was founded on March 28, 1992 and is headquartered in Singapore.

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

Key Stats and Financials As of 2019
Market Capitalization
$35.2M
Total Enterprise Value
$234M
Earnings Per Share
$-0.97
Net Profit
$-19.2M
EBITDA
$32.4M
EBITDAMargin
13.34%
Revenue
$243M
Total Debt
$116M
Total Equity
$46.9M
Enterprise Value Sales
0.96x
Enterprise Value EBITDAOperating
6.96x
TEVNet Income
-12.23x
Debt TEV
0.5x
Three Year Compounded Annual Growth Rate Of Revenue
3.26%
Five Year Compounded Annual Growth Rate Of Revenue
-5.95%
Non-Profit Donations & Grants
$2,500 - $4,999
2016
Investors
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Altira Group invests in venture capital firms located in the US. The firm in which they invest include oil & gas industries.

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Advisor at GroundMetrics, Inc.

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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.

Suppliers
Nokia Corporation Equipment & Office Supplies | Espoo, Finland

Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Networks, Nokia Software, Nokia Technologies, and Group Common and Other. The Networks segment comprises mobile networks, services, fixed networks, and optical networks. The Nokia Software segment offers cloud core software portfolio. The Nokia Technologies segment focuses on the innovation and research and development in technologies used. The company was founded by Fredrik Idestam in 1865 and is headquartered in Espoo, Finland.

T-Mobile US, Inc. Wireless Telecommunications | Bellevue, WA

T-Mobile US, Inc. engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.

Competitors
International Business Machines Corporation IT Consulting & Services - Armonk, NY

The International Business Machines Corporation (IBM) is an American multinational technology and consulting corporation, with headquarters in Armonk, New York, United States. IBM manufactures and markets computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

Alphabet, Inc. Internet Software & Services - Mountain View, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Microsoft Corporation Computer Software - Redmond, WA

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.

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