ITC Global, Inc. Agrees to Acquire Spidersat, Deepens Its Local Presence in Africa

ITC Global, Inc. Agrees to Acquire Spidersat, Deepens Its Local Presence in Africa PR Newswire ST. PETERSBURG, Florida, Aug. 29, 2012 ST. PETERSBURG, Florida, Aug. 29, 2012 /PRNewswire/ -- ITC Global, Inc. ("ITC Global" or the "Company"), a leading global provider of enterprise grade satellite communication services to mining, energy and maritime businesses, announced today that it has entered into a definitive agreement to acquire privately-held Spidersat Communications Limited ("Spidersat"), a leading integrator of global communications solutions focused on providing mission critical satellite-based communication services for mining, exploration, and mining services companies operating in Africa. The combined companies will provide the most seamless coverage, service, and local support available in Africa for mining and mining- related customers. The transaction is expected to close in the next 30 days. "Spidersat is an outstanding addition to our business," said Joseph Spytek, co-founder and Chief Executive Officer of ITC Global. "Spidersat will advance ITC Global's position in Africa, and offers us a highly complementary suite of services and resources for enterprise clients throughout Africa. We are happy to have the Spidersat team join the ITC Global family, and together we will continue to provide premier, custom communications solutions to the mining and oil and gas industries across Africa.