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Profile: RigNet Inc (RNET.O)

RNET.O on Nasdaq

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17 Jun 2019
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RigNet, Inc. (RigNet), incorporated on July 6, 2004, is a provider of customized systems and solutions serving customers with data networking and operational requirements. The Company provides voice and data network, video conferencing and monitoring, crew welfare, asset and weather monitoring, and real-time data services. The Company operates through two segments: Managed Services, and Systems Integration and Automation (SI&A). As of December 31, 2016, the Company provided remote communications and collaborative services to approximately 500 customers reaching approximately 900 remote sites located in approximately 50 countries on six continents. The Company provides managed remote communications, engineered telecommunications solutions and applications.

RigNet offers its clients the means of communications with their remote operations, including offshore and land-based drilling rigs, offshore and onshore production facilities, maritime vessels and regional support offices. Some features of the Company's services include managed services solutions offered at a subscription rate; end-to-end Multiprotocol Label Switching (MPLS) global network; a network designed to accommodate multiple customer groups resident at a site, including drilling contractors, exploration and production operators, and oilfield service providers; value-added services, such as wide-area network (WAN) acceleration, adaptive video intelligence supporting monitoring and remote presence and wireless fidelity (Wi-Fi) hotspots, benefiting multiple tenants and customer groups at a single site; network monitoring and management through network operations centers that manages network availability at all times and serve as in-bound call centers for troubleshooting around the clock; engineering and design services to develop solutions for customers; systems integration services to design, assemble, install and commission turnkey solutions for customer communications systems, and maintenance and support through geographically deployed engineering and service support teams, as well as warehoused spare equipment inventories. The Company procures bandwidth from independent commercial satellite-services operators and terrestrial wireless, and landline providers to meet the needs of its customers for end-to-end Internet protocol (IP)-based communications.

RigNet owns the network infrastructure and communications equipment it installs at remote sites, as well as co-located equipment in third-party teleport facilities and data centers, all of which it procures through various equipment providers. The Company also designs and implements a range of communication solutions using a range of frequencies and modes of communication, including wired, wireless satellite Ku, C, L and Ka bands, as well as wireless worldwide interoperability for microwave access (WiMAX) and Line-of-Sight (LOS) microwave. The Company provides a communications package of voice, data, video, networking and real-time data management to offshore and land-based remote locations. RigNet is a single source solutions provider that links multiple offshore or remote site with real-time onshore decision centers and applications. The Company's service offering includes voice-over-Internet-protocol (VoIP) data and high-speed Internet access. RigNet also provides other value-added services, such as video conferencing solutions and Wi-Fi hotspots. RigNet offers WiFi hotspot solutions that facilitate access to the Internet by rig-based personnel. RigNet provides to offshore and onshore remote sites, the Company also operates an extranet, known as the Secure Oil Information Link (SOIL), enabling oil companies and their counterparties, such as drilling contractors, service companies and application service providers, to connect and collaborate.

Managed Service

The Managed Services segment provides remote communications services for offshore and onshore drilling rigs and production facilities, as well as, support vessels and other remote sites. Its managed Services segment primarily operates out of the United States, the United Kingdom, Norway, Qatar, the United Arab Emirates, Singapore, Brazil and Mexico based offices for customers globally.

Systems Integration and Automation (SI&A)

The SI&A segment provides customized solutions for customer telecommunications systems. The SI&A segment provides a package of communications infrastructure required to support onshore and offshore facilities for the oil and gas industry. SI&A services include the design, procurement, assembly and test, installation and commissioning of communications systems. SI&A segment primarily operates out of its Aberdeen, Houston and Monterrey offices for customers globally.

The Company competes with Speedcast International Ltd, Panasonic and Tampnet.

Company Address

RigNet Inc

15115 Park Row Ste 300
HOUSTON   TX   77084-5075
P: +1281.6740100
F: +1302.6555049

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