Granahan McCourt

January 25, 2016 09:31 ET

Telecoms Entrepreneur David C. McCourt Cements Satellite Strategy With Skyware Technologies

Granahan McCourt Capital Completes Purchase of Leading Ka-band Satellite Innovator to Exploit Huge Potential for Telecoms Provision to Underserved Regions of the Globe

PENNSYLVANIA, USA--(Marketwired - Jan. 25, 2016) -

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David McCourt, an international entrepreneur with 30 years of telecoms experience, has outlined how future growth of the industry will depend on innovative companies such as newly-purchased Skyware Technologies (SWT).

Based in Manchester, UK, with further locations in Germany, Asia and the United States, Skyware Technologies is a world-leading innovator in Ka and Ku-band satellite terminals and electronics, fully-owned by McCourt's investment firm, Granahan McCourt Capital.

As the latest acquisition in a portfolio specialising in technology, media and telecoms, Skyware Technologies is now expected to grow by more than 50 per cent over each of the next three years.

The company is a global leader in advanced integrated terminal solutions and satellite RF electronics, with operations on three continents. Its clients include leaders in broadcast, oil and gas, along with government and military clients. These customers include major companies such as Inmarsat, Boeing and Airbus. SWT's winning combination of high technology, low-cost manufacturing and ground-breaking technology makes it unique in the market.

McCourt said: "We have bought Skyware Technologies because it fits in perfectly with Granahan McCourt's vision of how the needs of under-served parts of the world will be met through boldness and innovation in design, manufacture and on-the-ground implementation of satellite technology.

"Demand for bandwidth is growing hugely, but many regions of the world lack the means to access it. Equally in the broadcast sector and for NGOs and governments, the need for lightweight, low-cost, high-performance terminals has never been stronger.

"As the global leader in Ka-band, SWT has great potential to provide solutions to the many areas that have poor phone, telephone or broadband infrastructure on the ground, as well as enterprises that have problems with connectivity in remote or harsh environments.

"Through our lightweight terminals and incredibly versatile transceivers, we can see how SWT will transform communications everywhere, including extreme environments and remote regions. Where appropriate SWT will work in tandem with the other businesses in the Granahan McCourt family, providing great synergy."

SWT was spun out of Skyware Global in 2013, where David McCourt was already a major shareholder.

Oliver Kroner, CEO of Skyware Technologies said: "We are already seeing a dramatic increase of interest in our products and as a Granahan McCourt company expect to realise our full growth potential as the market-leading innovator in Ka-band technology."

Skyware Technologies' flagship VSAT products include transportable and fixed terminals for government and commercial applications. Partnered with Inmarsat, Skyware Technologies' new ATOM and SKY integrated terminals are available with out-of-the-box compatibility with the Global Xpress® network.

About Skyware Technologies: Skyware Technologies is a global leader in advanced integrated terminal solutions and satellite RF electronics, with operations on three continents and extensive expertise in the world's most in-demand satellite communications technologies. Skyware Technologies' winning combination of high technology and low-cost manufacturing makes its cutting-edge terminal solutions and RF electronics platforms unique in the market.

Skyware Technologies' flagship VSAT products include transportable and fixed terminals for government and commercial applications, the market's first enterprise Ka-band transceiver, and the world's most versatile Ka-band transceiver with electronic polarization switching.

Partnered with Inmarsat, the new ATOM and SKY integrated terminals are available with out-of-the-box compatibility with the Global Xpress® network. Further information is available at: www.skywaretechnologies.com

About Granahan McCourt: Granahan McCourt Capital, LLC is a private investment firm focused on the technology, media and telecommunications industries.

For over 25 years, David C. McCourt, Chairman and CEO of Granahan McCourt Capital, has been an innovator, entrepreneur, and business leader across the technology, media and telecommunications industries. He has founded or bought over 20 companies in 9 countries, and is widely recognised as a transformational force in the telecommunications business. Granahan McCourt purchased Irish based telecom operator enet in 2013 and AirSpeed Telecom in 2014.

In addition to receiving the 'Entrepreneur of the Year' award both from Ernst and Young LLP and the Harvard Business School Club of New York, he also recently received the 2014 Award for Outstanding Alumni Entrepreneur from Georgetown University. The Economist has described him as having "impeccable credentials as a telecom revolutionary".

For more information, visit: www.granahanmccourt.com

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