Athens, Greece, November 9, 2016 – Speedcast International Limited (ASX: SDA), a leading global satellite communications and network service provider, today announced that its subsidiary SAIT Communications Ltd, has changed its name to Speedcast, effective October 7, 2016.
The name change symbolizes the completion of the integration of SAIT Communications into Speedcast following the acquisition in July 2015. The successful integration enables the Company to realize the synergies of the combined organizations and deliver world-class services to maritime customers.
The former SAIT Communications organization is one of the leading suppliers of Mobile Satellite Services (“MSS”) in the Southern European maritime market, in particular Greece, one of the largest maritime markets in Europe. In addition to providing sales and support, the Speedcast office in Greece is also a key R&D hub for innovative new products and services. Speedcast is now one of the largest service providers to the maritime sector in the industry, servicing over 6,000 vessels with a wide portfolio of communications and IT services and a leading global support network. Speedcast provides its customers with best-in-class service by leveraging a network of experienced field engineers in key ports around the world.
“As we continue to expand our presence in the maritime sector, Speedcast is well positioned to accelerate growth into the low VSAT-penetrated market in Southern Europe. The unrivaled experience of the former SAIT Communications organization in MSS enables the Company not only to gain a strong competitive edge in the Maritime sector, but also allows us to expand our MSS offerings to other sectors. This will be one of the key growth engines and important contributors to the success of Speedcast”, commented Athina Vezyri, Vice President, Maritime Sales and MSS Services – Europe, Speedcast.
*SAIT Communications has formally become “Speedcast Cyprus Limited”. Its Greek branch will trade as “Speedcast Greece”.