About RigNet
RigNet is an Energy & Utilities company based in Houston (United States) founded in 2001, and was acquired by ViaSat in December 2020. Remote communications solutions for oil and gas industry provided. RigNet has raised $10 million across 3 funding rounds from investors including ViaSat, HitecVision and Houston Ventures. The company has 295 employees. RigNet has completed 7 acquisitions, including Automation Communications Engineering Corporation, Cyphre and DTS. Its website rig.net draws about 21 thousand monthly visits. RigNet offers products and services including Managed Communications, IIoT and Apps, Cybersecurity and Encryption, and Data and AI Systems. Its focus areas include Energy Tech, Oil & Gas Tech, Tech for Vertically Integrated Players and Communication Infrastructure. Its legal entity is RIGNET, INC. Its competitors include AspenTech, ComboCurve and SitePro; 3 of its 3 listed competitors have raised funding.
Company details
RigNet was founded in 2001 and is headquartered in Houston, United States. Managed remote communications, telecoms systems integration, and collaborative applications are offered by the company, with a focus on the oil and gas sector. Services target offshore and onshore drilling rigs, offshore production facilities, and energy maritime vessels, supporting operations in remote environments.
- Annual Revenue$207.92 M (USD)-14as on Dec 31, 2020
- Net Profit-$45.53 M (USD)-142as on Dec 31, 2020
- EBITDA-$6.88 M (USD)-124as on Dec 31, 2020
- Total Equity Funding$10M (USD)
in 3 rounds
- Latest Funding Round$6M (USD), Series C
Jul 2005
- InvestorsViaSat
& 2 more
- Employee Count295
- Investments & Acquisitions
- Acquired byViaSat
(Dec 2020)
Products & Services of RigNet
RigNet offers a comprehensive portfolio of products and services, including Managed Communications, IIoT and Apps, Cybersecurity and Encryption, and Data and AI Systems.
Provides secure and reliable communications for remote sites.
Enables data collection and analytics for industrial assets.
Offers protection against threats for operational data.
Delivers machine learning for real-time operational insights.
Funding Insights of RigNet
RigNet has successfully raised a total of $10M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $6 million completed in July 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10M
- Total Rounds 3
- Last Round Series C — $6M
- First Round $4M
(Jun 2002)
- Investors Count 2
All 3 funding rounds of RigNet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2005 | $6M | Series C | – | – | – |
| Jun 2004 | Series B | – | – | ||
| Jun 2002 | $4M | Series A | – | – |
3 investors in total: 3 institutional.
Investors in RigNet
RigNet has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include ViaSat, HitecVision and Houston Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
HitecVision is focused on investments in the European energy sector. | hitecvision.com | Stavanger, Norway | ||
| houven.com | ||||
Satellite-based communication services are provided to diverse business sectors. | 1986 | viasat.com | Carlsbad, United States |
Investor details for RigNet
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- Round participation
- Investor portfolios
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People of RigNet
15 people are tracked at RigNet (14 in leadership, 1 in team); the tracked headcount is 295.
| Name | Role | Group |
|---|---|---|
Lee M. Ahlstrom | Senior Vice President and Chief Financial Officer | Leadership |
Jamie Barnett | Senior Vice President of Government Services | Leadership |
Trent Jabbia | Vice President of Sales of North America Sales | Leadership |
Steven E. Pickett | President & CEO | Leadership |
Errol Olivier | Senior Vice President and Chief Operating Officer | Leadership |
Ben Carter | Director of Accounting & Reporting | Leadership |
Shelly Buchman | Vice President Global Human Resources, Associate General Counsel & Corporate Secretary | Leadership |
Brad Eastman | Senior Vice President and General Counsel | Leadership |
Tonya Mcdermott | Vice President, Tax | Leadership |
Lelio Souza | Vice President, Intelie | Leadership |
Ed Traupman | Senior Vice President and General Manager, Products and Services | Leadership |
Egbert Clarke | Senior Vice President, Global Operations | Leadership |
Raul Magallanes | Vice President, Associate General Counsel | Leadership |
Gary Chase | As Chief Financial Officer | Leadership |
Andreas Sjoberg | Global Capacity Manager | Team |
Complete people profiles for RigNet
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- Team structure
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Investments & Acquisitions by RigNet
RigNet has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Automation Communications Engineering Corporation, Cyphre and DTS.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of safety and security services for oil & gas industry | safconinc.com | Lafayette, United States | 1998 | Apr 2018 | •••• | |
Telecommunications services are provided by the engineering corporation. | auto-comm.com | Lafayette, United States | 1973 | Apr 2018 | •••• | |
Data analytics platform for energy industry is provided. | intelie.ai | Brazil | 2008 | Jan 2018 | •••• | |
Communication and information technology services are provided by DTS. | dtscom.com | Breaux Bridge, United States | 2002 | Jul 2017 | •••• | |
Encryption gateway based cloud data security and encrypted file sharing service | cyphre.com | Austin, United States | 2014 | May 2017 | •••• | |
Provider of satellite communication services | tec-nor.com | Monterrey, Mexico | 2002 | Jun 2015 | •••• | |
Voice and data infrastructure and services are provided. | landtelweb.com | Lafayette, United States | 1995 | Aug 2006 | •••• |
Complete acquisition details for RigNet
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Deal sources
- Complete history
- Exports
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Timeline of RigNet
12 dated milestones of RigNet across 19 years, from founding to its latest funding, stage changes and deals.
- Founded RigNet is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series C, of $6.0M.
- Acquisition Acquires LandTel Communications.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Tecnor.
- Acquisition Acquires Cyphre.
- Acquisition Acquires DTS.
- Acquisition Acquires Intelie Company.
- Acquisition Acquires Automation Communications Engineering Corporation.
- Acquisition Acquires Safcon Inc.
- Exit Acquired by ViaSat.
Competitors of RigNet
RigNet has 3 listed competitors in our database, 3 of them funded. They include AspenTech, ComboCurve and SitePro.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| aspentech.com | 1981 | Bedford, United States | $100M | 786 | AI-based software for manufacturing process optimization is offered. | |
| combocurve.com | 2017 | Humble, United States | $50M | Cloud-based solutions for oil and gas operations are provided. | ||
| sitepro.com | 2012 | San Antonio, United States | $16.15M | 67 | Provider of cloud-based software solutions for water and wastewater management |
Detailed competitors of RigNet
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Web traffic of RigNet
The website of RigNet (rig.net) receives about 21.2K visits a month.
- Monthly visits21.2K
▲ 598.8% vs previous month
Websites whose visitors overlap most with RigNet. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| orbit-cs.com | 100% | 17.4K | #2,185,957 | View details | |
| networkinv.com | 92% | View details | |||
| uplogix.com | 62% | View details | |||
| spe.org | 39% | 326.7K | #130,857 | View details | |
ogfj.com | ogfj.com | 37% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for RigNet
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Oil & Gas Technology Solutions
3 companies that operate in the same segment as RigNet (Oil & Gas Technology Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 6.67 B | 1,820 | ||
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M |
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Related news about Rignet
Complete news archive for RigNet
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Frequently Asked Questions about RigNet
RigNet was founded in 2001 and raised its 1st funding round 1 year after it was founded.
RigNet is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
RigNet is a funded company, having raised a total of $10M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jun 2002.
RigNet has 295 employees.
Annual revenue of RigNet is $207.92M as on Dec 31, 2020.
RigNet was founded in 2001 and is headquartered in Houston, United States. Managed remote communications, telecoms systems integration, and collaborative applications are offered by the company, with a focus on the oil and gas sector. Services target offshore and onshore drilling rigs, offshore production facilities, and energy maritime vessels, supporting operations in remote environments.
RigNet's top competitors include AspenTech, SitePro and ComboCurve.
RigNet offers Managed Communications, IIoT and Apps, Cybersecurity and Encryption, and Data and AI Systems.
RigNet has made 7 acquisitions, including Automation Communications Engineering Corporation, Cyphre, and DTS.
RigNet has 3 investors. Key investors include ViaSat, HitecVision, and Houston Ventures.
RigNet operates through Rignet, Inc..
Yes. RigNet was acquired by ViaSat in December 2020.