Seeking Alpha

ViaSat buys Wi-Fi management services firm

  • ViaSat (VSAT +0.4%) is buying NetNearU, a provider of managed Wi-Fi services, for an undisclosed sum. The deal is expected to be accretive to FY15 (ends March '15) EPS.
  • NetNearU currently helps manage 60K+ public Wi-Fi hotspots worldwide, and claims a variety of carrier, enterprise, and government clients.
  • ViaSat predicts NetNearU's offerings, which are based on proprietary network management software, will help it extend its Exede satellite broadband services to "a growing base of subscribers for multiple markets, including commercial airlines, live events, hospitality, enterprise networking and government broadband projects."
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