Page 33: of Maritime Reporter Magazine (July 2000)

tions with the intention of strengthening its position as the preferred end-to-end solution provider.

In order to achieve its growth objective, the company plans to aggressively expand its services into the fixed satellite business. This is a sector where there is con- siderable growth potential for services such as VSAT,

IP backbone, high speed Internet and multimedia.

Reed said that to achieve these targets, the company is strengthening the management team. He has joined the company from a position in international manage- ment with Norwegian telecom leader, Telenor, and already he has reshaped the organization of Station 12, creating two major operating business units. Station 12 sales and marketing director, Michiel Struijk has been appointed to head the Mobile Satcom Division. The company is searching for a top industry professional to head the Fixed Satcom Division.

Michael P. Smith, previously general manager for

Telstra Global Satellite, has joined the company to head a new function in corporate strategy and commu- nications. Paul Peppelman becomes responsible for network operations, including the Netherlands and

Perth land earth stations, the company's link into the satellite network.

The company will operate from its head office in The

Hague, with a strong presence in Australia and select- ed markets. The CFO for the new company is Ron

Kevenaar, previously financial officer within KPN

Satcom.

Circle 153 on Reader Service Card

Stratos Acquires Seven Seas

Stratos Global Corporation has entered into a definitive agreement to acquire the assets of Seven Seas

Communications, Inc. for $15.5 million. The transaction is subject to completion of due diligence and other closing conditions. Seven Seas is the largest non- facilities based provider of global and regional satel- lite communication solutions to customers in the

Americas.

The company offers a full suite of products includ- ing Inmarsat, MSAT and Globalstar, as well as value- added services and customer care support. With sev- eral strategically located sales offices, approximately 20 direct sales individuals and an independent net- work of more than 100 dealers, Seven Seas has built a leading position in key land and maritime vertical market segments including natural resources, com- mercial fishing and yachting. Seven Seas has exhib- ited consistent revenue and EBITDA growth rates of more than 30 percent since 1995, with 50 percent growth in 1999. "We have had a close relationship with Seven Seas for over eight years and are very excited about the capabilities that

Stratos will inherent through this acquisition," said Derek

Woods, president and CEO of Stratos. "Not only do we strengthen our distribution capabilities in North America and

Latin America, but the strong revenue and cost synergies make the transaction immediately accretive to operating income."

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