RNET Profile
RigNet, Inc. (RNET) is a global provider of digital technology solutions serving the energy industry. The company offers a range of services, including remote communications, networking, and managed solutions for offshore and onshore drilling rigs, production facilities, and maritime vessels. RigNet's solutions enable its customers to communicate and collaborate in real-time, access critical data and applications, and improve safety and operational efficiency.
RigNet's services include Managed Communications Services, which provide end-to-end connectivity solutions, including voice, video, and data services, and Applications and Digital Solutions, which offer a suite of software applications and digital technologies that help its customers optimize their operations, reduce costs, and increase safety.
The company's customers include oil and gas operators, drilling contractors, maritime companies, and other businesses in the energy industry. RigNet operates in more than 50 countries and has a global network of more than 1,200 remote sites.
In recent years, RigNet has been focused on expanding its business through acquisitions and partnerships. In 2018, the company acquired Intelie, a Brazilian data analytics company, to enhance its digital technology capabilities. In 2020, RigNet announced a strategic partnership with Honeywell to provide remote monitoring and predictive maintenance solutions for offshore oil and gas platforms.
RigNet is headquartered in Houston, Texas, and was founded in 2001. The company went public in 2010 and is traded on the NASDAQ stock exchange under the ticker symbol "RNET."
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