Global satellite services company Inmarsat plc has acquired Herndon,Va.-based Segovia (News - Alert) Inc. for at least $110 million.

 

Segovia provides secure IP managed solutions and services to the United States Army and other U.S. military services and government agencies. The company, which recently reported $67 million in total annual revenue, is a key player in the Department of Defense’s transformation and modernization initiatives.

 

“We are delighted to welcome Segovia into the Inmarsat (News - Alert) group,” says Andrew Sukawaty, Inmarsat’s chairman and CEO. “Segovia is ideally positioned to support the U.S. DoD’s requirements to deploy secure networks rapidly using combinations of satellite and terrestrial facilities wherever in the world they are required. With Segovia’s secure global communications infrastructure and its highly qualified and security-cleared staff, we will further strengthen our relationships with key government customers across land, maritime and aeronautical environments, and bring enhanced services to the government sector generally.”

The deal is expected to close in early 2010, after which Segovia will operate as a separate business reporting to Jim Parm, president and CEO of Stratos (News - Alert), Inmarsat’s direct distribution business.