....and a little bit of action in C*. Probably a good acquisition--DISH does an excellent business in BTV:
March 29, 1999 08:17
Loral's CyberStar Acquires Business Television Leader Satellite Network Systems; CyberStar Expands Service and System Integration Capabilities
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--March 29, 1999-- CyberStar, a Loral Space and Communications Ltd. (NYSE:LOR) created company and leading provider of broadband IP-multicast video and data solutions, today announced that it has acquired Satellite Network Systems (SNS), Inc., a full service system integrator of business television (BTV) services headquartered in St. Paul, Minn.
SNS's system integration expertise, coupled with CyberStar's IP-multicast solutions, will enable CyberStar to deliver a full complement of broadband solutions to its clients and provide new value-added services through the convergence of data and BTV services.
"SNS has developed an outstanding reputation delivering top-notch integrated services to its clients," said Ron Maehl, president of CyberStar. "As we continue to expand our broadband service offerings and customer base, the team and technologies we bring in from SNS will be instrumental in ensuring that our customers receive the highest quality solution and service that's tailored to their needs."
About Satellite Network Systems
Satellite Network Systems, founded in 1990, designs, implements and manages permanent and special event business television networks for more than 20 enterprise clients and large organizations in the U.S. and internationally. Customers use SNS's expertise for corporate communications, distance training and other custom television applications.
About CyberStar
CyberStar, L.P. was created by Loral Space and Communications to deliver broadband IP-multicast data services directly to the desktop. CyberStar's solution uniquely combines the Internet Protocol (IP), Digital Video Broadcast (DVB) open standards, a current throughput via satellite of up to 29 Mbs, affordable, off-the-shelf antenna and Windows(tm) compatible receiver card, and Smartcard-based conditional access technology. CyberStar uses the Loral Skynet-operated Telstar 5 satellite to enable businesses to readily update and retrieve applications, create secure IP-multicast sessions and conduct high-speed file transfers; support media streaming and IP-multicasting; participate in distance learning; and perform database updates and mirroring to and from a PC. More information can be found on CyberStar at http:\\www.cyberstar.com.
About Loral
Loral Space & Communications (NYSE:LOR), headquartered in New York City, is a high technology company that primarily concentrates on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value added services, domestic and international corporate data networks, global wireless telephony, broadband data transmission and formatting, Internet connectivity, digital audio radio services, and international direct-to-home satellite services. For more information, visit Loral's web site at loral.com.
CONTACT: CyberStar
Editorial Contacts:
Mel Salvador, 650/825-5878
mel.salvador@cyberstar.com
or
GCI Group
Susan Radd, 415/974-6200
sradd@gcigroup.com |
