About Gilat Satellite Networks
Gilat Satellite Networks is a company based in Petah Tikva (Israel) founded in 1987 by Yoel Gat was acquired by Comtech Telecommunications in January 2020.. The company has 1,120 employees as of December 31, 2024. Gilat Satellite Networks has completed 5 acquisitions, including DataPath, Gilat Wavestream and RaySat. Gilat Satellite Networks offers products and services including SkyEdge IV, Terminals & Antennas, and Managed Services. Gilat Satellite Networks operates in a competitive market with competitors including Kymeta, Iridium Communications, Blue Sky Network, ST Engineering and Globalstar, among others.
- Headquarter Petah Tikva, Israel
- Employees 1120 as on 31 Dec, 2024
- Founders Yoel Gat
- Stage Public
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Sectors
Telecommunications
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gilat Satellite Networks Ltd.
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Annual Revenue
$305.45 M14.79as on Dec 31, 2024
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Net Profit
$24.85 M5.72as on Dec 31, 2024
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EBITDA
$28.69 M-9.42as on Dec 31, 2024
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Latest Funding Round
$5 M (USD), Grant
Apr 10, 2024
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Investors
European Union
& 1 more
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Employee Count
1120
as on Dec 31, 2024
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Investments & Acquisitions
DataPath
& 4 more
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Acquired by
Comtech Telecommunications
(Jan 29, 2020)
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IPO & Listings of Gilat Satellite Networks
Gilat Satellite Networks is a publicly listed company on the NASDAQ with ticker symbol GILT in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Gilat Satellite Networks
Gilat Satellite Networks offers a comprehensive portfolio of products and services, including SkyEdge IV, Terminals & Antennas, and Managed Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides multi-orbit satellite networking for connectivity applications.
Enables satellite communications for land and in-flight use.
Offers optimization and operation for satellite systems.
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Software Development Team
48 people
Leadership Team
22 people
Sales and Marketing
19 people
Product Management Team
7 people
Creative and Marketing Team
6 people
Senior Team
6 people
Finance and Accounting
5 people
Human Resources and Administration
3 people
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Funding Insights of Gilat Satellite Networks
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $5.0M
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First Round
First Round
(06 Jan 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Grant - Gilat Satellite Networks | Valuation |
investors |
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| Jun, 2017 | Amount | Grant - Gilat Satellite Networks | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - Gilat Satellite Networks | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Gilat Satellite Networks
Gilat Satellite Networks has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Comtech. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Comtech Telecommunications Corp. is engaged in providing advanced communication solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Gilat Satellite Networks
Gilat Satellite Networks has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include DataPath, Gilat Wavestream and RaySat. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of web-enabled in-flight connectivity solutions
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2020 | ||||
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Advanced satellite communication technologies are provided by Gilat Wavestream.
|
2001 | ||||
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Solide State Amplifiers and Small Cell Radio Nodes
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Gilat Satellite Networks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gilat Satellite Networks Comparisons
Competitors of Gilat Satellite Networks
Gilat Satellite Networks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kymeta, Iridium Communications, Blue Sky Network, ST Engineering and Globalstar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based antenna systems for satellite communications are provided.
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| domain | founded_year | HQ Location |
Satellite and telecommunication services are provided globally.
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| domain | founded_year | HQ Location |
Provider of GSM and iridium-based fleet management and satellite tracking solutions
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| domain | founded_year | HQ Location |
SaaS-based solutions for rail fleet operations management are developed.
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| domain | founded_year | HQ Location |
Provider of satellite communication services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gilat Satellite Networks
Frequently Asked Questions about Gilat Satellite Networks
When was Gilat Satellite Networks founded?
Gilat Satellite Networks was founded in 1987 and raised its 1st funding round 30 years after it was founded.
Where is Gilat Satellite Networks located?
Gilat Satellite Networks is headquartered in Petah Tikva, Israel. It is registered at Petah Tikva, Central District, Israel.
Who is the current CEO of Gilat Satellite Networks?
Adi Sfadia is the current CEO of Gilat Satellite Networks.
How many employees does Gilat Satellite Networks have?
As of Dec 31, 2024, the latest employee count at Gilat Satellite Networks is 1,120.
What is the annual revenue of Gilat Satellite Networks?
Annual revenue of Gilat Satellite Networks is $305.45M as on Dec 31, 2024.
What does Gilat Satellite Networks do?
Gilat Satellite Networks was founded in 1987 in Petah Tikva, Israel, within the satellite communications sector. Satellite ground segment equipment, VSATs, mobile Satellite-on-the-Move systems, and solid-state high-power amplifiers are developed. Network services and satellite-based offerings for rural telephony and Internet access are delivered through subsidiaries, supporting broadband connectivity operations globally.
Who are the top competitors of Gilat Satellite Networks?
Gilat Satellite Networks's top competitors include Kymeta, Iridium Communications and ST Engineering.
What products or services does Gilat Satellite Networks offer?
Gilat Satellite Networks offers SkyEdge IV, Terminals & Antennas, and Managed Services.
Is Gilat Satellite Networks publicly traded?
Yes, Gilat Satellite Networks is publicly traded on NASDAQ under the ticker symbol GILT.
How many acquisitions has Gilat Satellite Networks made?
Gilat Satellite Networks has made 5 acquisitions, including DataPath, Gilat Wavestream, and RaySat.
Who are Gilat Satellite Networks's investors?
Gilat Satellite Networks has 2 investors. Key investors include European Union, and Comtech.
What is Gilat Satellite Networks's ticker symbol?
The ticker symbol of Gilat Satellite Networks is GILT on NASDAQ.
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