RigNet

RigNet is a telecom company that provides IoT-based managed communication and remote monitoring services for maritime and oil and gas industries. Read more

438 Followers on Owler
438 Followers on Owler
438 Followers on Owler
438 Followers on Owler

RigNet

RigNet is a telecom company that provides IoT-based managed communication and remote monitoring services for maritime and oil and gas industries. Read more

Steven E. Pickett's photo - President & CEO of RigNet

President & CEO

Steven E. Pickett

CEO Approval Rating

80/100

Founded:

2001

Status:

PublicAcquired by Viasat, Inc.NASDAQRNET

RIGNET TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

Missing a competitor? Contribute!

SpeedCast is RigNet's #1 competitor. SpeedCast was founded in Botany, New South Wales} in 1999. Like RigNet, SpeedCast also competes in the Telecommunication Services industry. Compared to RigNet, SpeedCast generates $514.4M more revenue.

ITC Global is one of RigNet's top competitors. ITC Global was founded in 2001 in Houston, Texas. Like RigNet, ITC Global also operates in the Telecommunication Services industry. ITC Global generates $39.4M less revenue than RigNet.

Tampnet is a top competitor of RigNet. Tampnet was founded in 2001, and is headquartered in Stavanger, Rogaland. Like RigNet, Tampnet also competes in the Telecommunication Services field. Tampnet generates $162.9M less revenue vs. RigNet.

Weigh-in!

Help the Owler community know more

Competitor - 1/1

Is Globecomm Systems a competitor of RigNet?

RigNet Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$207.9M

RigNet's revenue is the ranked 10th among it's top 10 competitors. The top 10 competitors average 21.8B. Over the last three quarters, RigNet's revenue has decreased by 11.9%. Specifically, in Q4 2020's revenue was $47M; in Q3 2020, it was $48.7M; in Q2 2020, it was $53.4M.

RigNet Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Automation Communications Engineering Corp.

Apr 2018

Source »
undisclosed
Auto-Comm provides two-way radio and phone systems, satellite communications and television signal distribution solutions for the oil and gas industry.
SAFCON, Inc.

Apr 2018

Source »
undisclosed
SAFCON provides integration and installation services for ATN, fire and gas detection, NORM safety and breathing air products.
Intelie

Jan 2018

Source »
undisclosed
Intelie is a live stream predictive analytics platform that enables enterprises to transform their business data into results in real time.
Data Technology Solutions

Jul 2017

Source »
undisclosed
DTS is a provider of VSAT communications, disaster recovery and other IT services to the onshore, offshore and maritime industries.
Energy Satellite Services, LLC

Jul 2017

Source »
$22.2M
ESS is a supplier of wireless communications services via satellite networks primarily to the midstream sector of the oil and gas industry.

These are all the companies that RigNet has acquired. RigNet has acquired 8 companies and its latest acquisition was Automation Communications Engineering Corp. in Apr 2018. Auto-Comm provides two-way radio and phone systems, satellite communications and television signal distribution solutions for the oil and gas industry.

RigNet Funding History

Since RigNet was founded in 2001, it has participated in 7 rounds of funding. In total RigNet has raised $181.2M. RigNet's last funding round was on May 2020 for a total of $5.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt - PPP (CARES Act)
May 2020
$5M - $10M

U.S. Small Business Administration.

Debt
Feb 2020
$100M
Equity
May 2017
$4M
-
IPO
Dec 2010
$60M
-
Series C
Jul 2005
$6M

Since RigNet was founded in 2001, it has participated in 7 rounds of funding. In total RigNet has raised $181.2M. RigNet's last funding round was on May 2020 for a total of $5.0M

RigNet Investments

No recent investments found related to RigNet

These are all the companies that RigNet has invested in. RigNet has invested 8 companies and its latest investment was Automation Communications Engineering Corp. in Apr 2018. Auto-Comm provides two-way radio and phone systems, satellite communications and television signal distribution solutions for the oil and gas industry.

RigNet News

May 1, 2021MarketScreener

Amended and restated credit agreement

(marketscreener.com) Termination of a Material Definitive Agreement. In connection with the closing o... See more »
March 23, 2021Subsea World News

C-Power teams up with RigNet for smart connectivity solution

Columbia Power Technologies (C-Power) has entered into collaboration with RigNet for the supply of a ... See more »
March 22, 2021Space Intel Report

Energy-sector satellite service provider RigNet, on eve of Viasat purchase, reports 14% decline in 2020 revenue

PARIS - Offshore energy platform communications provider RigNet Inc. reported a 14% decline in revenu... See more »
February 13, 2021MarketScreener

Monteverde & Associates PC Announces an Investigation of RigNet, Inc. - RNET

(marketscreener.com) NEW YORK, Feb. 12, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing pa... See more »
February 5, 2021Hellenic Shipping News Worldwide

Acquisitions Take Center Stage

Over the last two months, the maritime and offshore satellite connectivity market has been sparked wi... See more »
February 2, 2021MarketScreener

Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of RigNet, Inc. - RNET

(marketscreener.com) Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm... See more »
January 8, 2021Global Legal Chronicle

Viasat's Acquisition Of RigNet, Inc.

Baker Botts LLP advised RigNet, Inc. on the deal. RigNet, Inc. (NASDAQ: RNET) ("RigNet") has entered ... See more »

RigNet Blogs

March 4, 2014RIGNET BLOG

Perth

March 4, 2014RIGNET BLOG

Macaé

March 4, 2014RIGNET BLOG

Singapore

March 4, 2014RIGNET BLOG

Stavanger

RigNet Press Releases

July 23, 2020LD Micro

RigNet Secures Government Partnership and Initial Contract

Read this press release and other recent news about RigNet Inc. (RNET) at ldmicro.com... See more »
July 23, 2020Business Wire

CACI Expands SteelBox App Secure Mobile Communications Connectivity with RigNet Partnership

ARLINGTON, Va.--(BUSINESS WIRE)--CACI Expands SteelBox App Secure Mobile Communications Connectivity ... See more »
June 30, 2020GlobeNewswire

RigNet Announces Major Cybersecurity Enhancements

Cyphre's newly patented encryption now operates at 5x the speed and is optimized for harsh edge envir... See more »
June 16, 2020StreetInsider

RigNet's Intelie Achieves Microsoft Co-Sell Ready Status

RigNet Expands Reach to Outside Energy Vertical with Microsoft Co-SellHOUSTON, June 16, 2020 (GLOBE N... See more »
April 17, 2020GlobeNewswire

RigNet Announces that the 2020 Annual Meeting of Shareholders Will be Held in Virtual Format

HOUSTON, April 17, 2020 (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET, the "Company"), the leading p... See more »
February 26, 2020GlobeNewswire

National Institute of Standards and Technology (NIST) Awards RigNet's Cyphre its Highest Security Validation

HOUSTON, Feb. 26, 2020 (GLOBE NEWSWIRE) -- RigNet (NASDAQ: RNET, the "Company"), the leading provider... See more »

RigNet Videos

January 15, 2020RigNet Vimeo Channel

"Intelie Live Video Demo" on VIMEO

Cast: RigNet... See more »
January 14, 2020RigNet Vimeo Channel

"CyphreLink 2020" on VIMEO

Cast: RigNet... See more »
November 4, 2019RigNet Vimeo Channel

"Intelie Live Overview" on VIMEO

Cast: RigNet... See more »
November 4, 2019RigNet Vimeo Channel

"Drilling Application Training" on VIMEO

Cast: RigNet... See more »
October 25, 2019RigNet Vimeo Channel

"CyphreLink: A Stealth Network Demonstration" on VIMEO

Cast: RigNet... See more »
October 11, 2019RigNet Vimeo Channel

"CyphreCERT Demo Video (Final-Pending)" on VIMEO

Cast: RigNet... See more »
July 25, 2019RigNet Vimeo Channel

"Gulf Coast Growth Ventures Worker Safety Video" on VIMEO

Cast: RigNet... See more »

Social Media

RigNet Headquarters

15115 Park Row Suite 300

Houston, Texas77084

281-674-0100

Driving Directions »

Trending Companies

RigNet Summary

ABOUT

Overview

RigNet is a telecom company that provides IoT-based managed communication and remote monitoring services for maritime and oil and gas industries. RigNet was founded in 2001. RigNet's headquarters is located in Houston, Texas, USA 77084. It has raised ...

CEO

RigNet's President & CEO, Steven E. Pickett, currently has an approval rating of 80%. RigNet's primary competitors are SpeedCast, ITC Global & Tampnet.

Website

rig.net

Frequently Asked Questions about RigNet

  1. When was RigNet founded?

    RigNet was founded in 2001
  2. Who is RigNet's CEO?

    RigNet's CEO is Steven E. Pickett
  3. How much revenue does RigNet generate?

    RigNet generates $207.9M in revenue
  4. How much funding does RigNet have?

    RigNet has historically raised $181.3M in funding
  1. Where is RigNet's headquarters?

    RigNet's headquarters is in Houston Texas, USA
  2. How many employees does RigNet have?

    RigNet has 604 employees
  3. What sector does RigNet operate in?

    RigNet is in Telecommunication Services
  4. Who are RigNet's competitors?

    RigNet's top competitors are SpeedCast, ITC Global, Tampnet