Hughes Communications Plans to Acquire Helius Inc.
January 5, 2008
Hughes Communications Inc., based in Maryland, said Friday it has agreed to acquire Helius Inc., a Lindon-based portfolio company of Canopy Ventures.
Jeffrey Curtis, Helius’ senior vice president for sales and marketing, said Helius will be acquired for $30.5 million.
Hughes provides broadband satellite networks and services. Privately held Helius, founded in 1995, provides data broadcasting services focused on digital signs, training, distance learning and content distribution networks.
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