HOUSTON, March 26, 2018 (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ:RNET) announced today that it has completed the previously announced acquisition of Intelie. Intelie has developed a technology platform for real-time predictive analytics that is an award-winning, early pioneer in real-time machine learning and planning optimization. The closing was effective March 23, 2018.

The acquisition of Intelie accelerates RigNet’s strategy to move up the network stack and furthers the development of valuable enterprise applications powered by highly differentiated data analysis. RigNet will leverage Intelie’s unique capabilities and market position to differentiate RigNet’s managed communications services.

“Machine learning is increasingly becoming the new imperative across all industries. Since our initial announcement, we have received positive feedback from our existing and prospective customers, who are excited about RigNet’s ability to integrate machine learning and operational intelligence through real-time data processing into the next generation of managed communications services," said Steven Pickett, Chief Executive Officer and President of RigNet. “The completion of this acquisition combined with the unique cybersecurity capabilities from our acquisition of Cyphre enables RigNet to deliver highly differentiated managed communications services which are always connected, always secure, and always learning.”

Intelie will become a wholly-owned subsidiary of RigNet. Intelie’s Chief Executive Officer, Lelio Souza, will remain and lead the subsidiary.

About RigNet

RigNet (NASDAQ:RNET) is a global technology company that provides customized communications services, applications and cybersecurity solutions enhancing customer decision making and business performance. RigNet is headquartered in Houston, Texas with operations around the world.