RigNet

RigNet, now operating as Viasat Energy Services, was established in 2000 by three Norwegian entrepreneurs with backgrounds in IT and technology. The company historically focused on providing managed remote communications and systems integration for the oil and gas industry, targeting offshore and onshore drilling rigs, production facilities, and maritime vessels.

A significant milestone in the company's journey was its acquisition by Viasat Inc., a global communications company. The definitive agreement was announced in December 2020, and the transaction, valued at an enterprise value of approximately $222 million, was completed on April 30, 2021. The acquisition was a strategic move for Viasat to accelerate the diversification of its connectivity portfolio and expand into adjacent markets such as renewable energy, transportation, maritime, and mining. Following the acquisition, RigNet was integrated into Viasat's Global Enterprise and Mobility business unit and rebranded as Viasat Energy Services. In a subsequent strategic move, Viasat divested the Energy Services System Integration (SI) business, which was part of the original RigNet acquisition, to MAG Capital Partners in late 2024.

The business model centers on delivering secure, managed communications and digital transformation solutions to industries with distributed and remote operations. Viasat Energy Services provides clients with connectivity, cybersecurity, and actionable intelligence from their assets across the globe. The service portfolio includes fully-managed voice and data networks utilizing satellite (L, C, Ka, and Ku bands), fiber, microwave, and cellular technologies. A key offering is the Intelie Live platform, which provides real-time machine learning and AI analytics to help clients optimize operational performance and make informed decisions. The company also offers Industrial Internet of Things (IIoT) applications and cybersecurity services, including real-time threat detection and protection. This integrated approach allows customers to enhance situational awareness, mitigate operational risks, and improve financial performance.

Keywords: Viasat Energy Services, managed communications, remote connectivity, digital transformation, oil and gas communications, satellite communications, industrial IoT, machine learning analytics, cybersecurity, network infrastructure, remote asset management, maritime connectivity, energy sector, operational intelligence, systems integration, secure networking, data analytics, offshore communications, SCADA, asset tracking