R
RigNet
The trusted partner across energy industries for connecting, securing, and capturing actionable intelligence from distributed sites and assets anywhere around the world
About RigNet
RigNet, now operating as Viasat Energy Services, was established in 2000 by three Norwegian entrepreneurs with backgrounds in IT and technology. The company historically focused on providing managed remote communications and systems integration for the oil and gas industry, targeting offshore and onshore drilling rigs, production facilities, and maritime vessels.
A significant milestone in the company's journey was its acquisition by Viasat Inc., a global communications company. The definitive agreement was announced in December 2020, and the transaction, valued at an enterprise value of approximately $222 million, was completed on April 30, 2021. The acquisition was a strategic move for Viasat to accelerate the diversification of its connectivity portfolio and expand into adjacent markets such as renewable energy, transportation, maritime, and mining. Following the acquisition, RigNet was integrated into Viasat's Global Enterprise and Mobility business unit and rebranded as Viasat Energy Services. In a subsequent strategic move, Viasat divested the Energy Services System Integration (SI) business, which was part of the original RigNet acquisition, to MAG Capital Partners in late 2024.
The business model centers on delivering secure, managed communications and digital transformation solutions to industries with distributed and remote operations. Viasat Energy Services provides clients with connectivity, cybersecurity, and actionable intelligence from their assets across the globe. The service portfolio includes fully-managed voice and data networks utilizing satellite (L, C, Ka, and Ku bands), fiber, microwave, and cellular technologies. A key offering is the Intelie Live platform, which provides real-time machine learning and AI analytics to help clients optimize operational performance and make informed decisions. The company also offers Industrial Internet of Things (IIoT) applications and cybersecurity services, including real-time threat detection and protection. This integrated approach allows customers to enhance situational awareness, mitigate operational risks, and improve financial performance.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 2001
- Headquarters
- Carlsbad, United States
- Listing
- IPO 2010
- Employees
- 249
- Open positions
- None listed
- Dealroom signal
- 63.7/100
- Industry
- Media, Telecom
- Sub-industry
- Streaming
- Sector
- Aviation, Monitoring, Video, Aviation and Aerospace, Space Tech, Space Tech for Energy, Space Downstream
- Client focus
- b2b
- Investment activity
- 1 company, latest Jan 2018
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Dec 2020 | $222M | $222M | Viasat | — |
| POST IPO SECONDARY✓Other financing | Aug 2013 | — | — | KKR | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| Year | Revenue | Growth |
|---|---|---|
| 2026 | $208M | 0% |
| 2025 | $208M | 0% |
| 2024 | $208M | 0% |
| 2023 | $208M | 0% |
| 2022 | $208M | 0% |
| 2021 | $208M | 0% |
| 2020 | $208M | — |
Growth signals
Latest recorded traffic for RigNet is 970 monthly website visits, down 79.4% over the last three months. RigNet's team declined 8.8% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Altira
HitecVision
Series B and later2 investors entered at this stage
- SGSMH Private Equity Group
KKR
Other known investors3 additional known investors
Viasat
Escalate Capital Partners
Houston Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about RigNet on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See RigNet’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.