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.
http://www.viasat.com
http://www.efficientchannelcoding.com
- 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.
