Hughes Communications, which provides broadband satellite network services, agreed to acquire privately-held Helius, Inc., which specializes in business-class data broadcasting solutions.
Hughes said the acquisition will combine the skills of Helius, a leader in providing business IPTV solutions for applications such as training, corporate communications, and digital signage, with its own extensive broadband networking experience and customer base.
Hughes plans to deploy Helius' IP video technologies to enhance its existing HughesNet service offerings.
Helius is a portfolio company of Canopy Ventures. The acquisition is expected to be completed on or about February 4, 2008. Financial terms were not disclosed. Upon completion of the acquisition, Helius will become a wholly owned subsidiary of Hughes and will operate closely with Hughes' North America and International enterprise businesses.
Hughes has a large and growing customer base of government, retail, hospitality, and petroleum customers with an interest in business IPTV applications.http://www.hughes.comhttp://www.helius.com
- Helius is based in Lindon, Utah.
