Globecomm and Agility Recovery Solutions Expand Their Current Managed Services Contract
HAUPPAUGE, N.Y.--(BUSINESS WIRE)-- Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider of communications solutions and services, announced today that the Company has been awarded a contract value upgrade as well as a twelve month extension to the existing five year contract announced on August, 18, 2011, bringing the total contract value to $8.2 million.
Globecomm (GCOM) and its growing global network connected to major satellite and terrestrial facilities will provide complete facility and geographic diversity for voice and data restoration services to Agility Recovery Solutions across the U.S. and Canada. The contract upgrade includes diverse ring backhaul between Globecomms Long Island International Teleport to Globecomms Maryland International Teleport along with full satellite access services in Maryland effectively doubling Agilitys network capacity for voice and IP based network solutions. Globecomm and Agility are on call 24 x 7 to support clients across North America.
Michele Scotto, Vice President of Service Products, said: Globecomm and the trust Agility has in our capabilities to deliver mission critical support speaks volumes. We started with Agility to tackle the call center disaster recovery market over 10 years ago and have worked together to grow to address virtually any sized company. Our continued investment in the Globecomm Network coupled with Agilitys solution is a powerful combination.
About Agility Recovery Solutions
Agility Recovery, a former division of GE, is North Americas premier provider of business continuity and disaster recovery solutions to small and mid-sized businesses. Agility provides robust, sensible and easy-to-implement recovery solutions for an affordable monthly membership fee. For more than 23 years, Agility has ensured that businesses are there for their clients. Our 100% success rate at fulfilling this promise is why our clients and partners comprise over 12,000 organization locations across North America. For more information, go to www.agilityrecovery.com or call 866-364-9696.
About Globecomm Systems
Globecomm Systems Inc., or Globecomm, is a leading global provider of satellite-based managed network solutions. Employing our expertise in emerging communication technologies we are able to offer a comprehensive suite of system integration, system products, and network services enabling a complete end-to-end solution for our customers. We believe our integrated approach of in-house design and engineering expertise combined with a world-class global network and our 24 by 7 network operating centers provides us a unique competitive advantage. We are now taking this value proposition to selective vertical markets, including government, wireless, media, enterprise, and maritime. As a network solution provider we leverage our global network to provide customers managed access services to the United States Internet backbone, video content, the public switched telephone network or their corporate headquarters, or government offices. We currently have customers for which we are providing such services in the United States, Europe, South America, Africa, the Middle East, and Asia.
Based in Hauppauge, New York, Globecomm Systems also maintains offices in Maryland, New Jersey, Virginia, the Netherlands, South Africa, Hong Kong, Germany, Singapore, the United Arab Emirates and Afghanistan.
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements are based on management's current expectations and observations. You should not place undue reliance on our forward-looking statements because the matters they describe are subject to certain risks, uncertainties and assumptions that are difficult to predict. Our forward-looking statements are based on the information currently available to us and speak only as of the date of this press release. Over time, our actual results, performance or achievements may differ from those expressed or implied by our forward-looking statements, and such differences might be significant and materially adverse to our security holders.
We have identified some of the important factors that could cause future events to differ from our current expectations and they are described in our most recent Annual Report on Form 10-K, including without limitation under the captions ''Risk Factors'' and ''Management's Discussion and Analysis of Financial Condition and Results of Operations,'' and in other documents that we may file with the SEC, all of which you should review carefully. Please consider our forward-looking statements in light of those risks as you read this press release.
For Globecomm Investor Relations information, please contact:
Matthew Byron, 631-457-1301
Senior Vice President, Corporate Office IR/M&A
Globecomm Systems Inc.
45 Oser Avenue
Hauppauge, NY 11788
Phone: 631-231-9800; Fax: 631-231-1557
Source: Globecomm Systems Inc.Copyright Business Wire 2012