04/02/2015 PRESS RELEASE
Crewtoo and IMarEST support professional development of seafarers with global partnership
Crewtoo has today announced a partnership with the Institute of Marine Engineering, Science and Technology (IMarEST) to offer seafarers access to a wealth of professional development tools and resources to support them throughout their careers.
Crewtoo members are eligible for 12 months’ complimentary membership trial to the IMarEST, which includes access to IMarEST’s online library of searchable materials and technical papers, industry news, conference content, and the monthly Marine Professional magazine.
Anneley Pickles, head of business development at Crewtoo commented: “Our members will see great benefit from this collaboration. We’ve created the largest online community for seafarers to communicate with each other, and by partnering with the IMarEST, we are also giving them the tools to boost their professional development. Offering our members more content and access to professional tools is not only good for seafarers, but the global maritime industry as a whole.”
Crewtoo, part of KVH Media Group (a KVH company), has more than 108,000 members and is the world’s largest online network dedicated to seafarers. The online network gives seafarers a way to post comments and photographs from their vessels, chat with colleagues on other ships, take part in seafarer-related polls and votes, keep up with maritime news, and access an online maritime jobs board.
David Loosley, Chief Executive of the IMarEST added: “We are delighted to be working with Crewtoo and to provide professional development to their members. This is a significant investment that the IMarEST has made in supporting and upskilling sea-going marine professionals around the globe. Providing access to the benefits of the IMarEST is good for seafarers’ careers, and we look forward to supporting them throughout their time at sea.
The IMarEST, which already cooperates closely with KVH companies at many levels, is the leading international professional body and learned society for all marine professionals. With members in over 100 countries, the IMarEST is the first Institute to bring together marine engineers, marine scientists and marine technologists into one international multi-disciplinary professional body, and provides opportunities for the exchange of ideas and practices and upholds the status, standards and knowledge of marine professionals worldwide.
KVH Industries Acquires Headland Media
Enhances KVH’s Initiatives to Offer Value-Added Media & Entertainment Services for Maritime Satcom Customers Worldwide
MIDDLETOWN, R.I. – May 13, 2013 – KVH Industries, Inc., (Nasdaq:KVHI) today announced that it has acquired Headland Media Limited, a media and entertainment services company. Headland Media is leading provider of commercially licensed news, sports, movies, and music content that they sell in the maritime, hotel, and retail markets. Headland Media’s content is delivered to customers on DVDs, as well as over the internet, and to maritime customers over satellite communications services, such as KVH's global mini-VSAT Broadband(SM) network.
"The acquisition of Headland Media supports our strategic vision of extending our maritime broadband service to also include delivering premium content to vessels,” said Martin Kits van Heyningen, KVH's chief executive officer. “We’ve captured a leading market share in the maritime VSAT market for one-to-one connectivity, and are now rolling out a new, highly efficient, low-cost multicasting capability that we believe will create significant growth opportunities for Headland Media’s content by eliminating the time and cost of physically delivering DVD’s to vessels. For KVH’s mini-VSAT Broadband service, Headland Media’s premium content offers us a great opportunity to create exciting new services that will help our customers keep their crews happy, and in the process help us differentiate our service and increase our ARPUs.”
With extensive experience in the licensed content business, UK-based Headland Media has 115 employees, and offices in the UK, Europe, the United States, India and the Philippines. Headland Media has established relationships with content providers and a customer base of 9,600 vessels, 1,700 hotels, and 1,700 retail outlets receiving their various services. In 2012, Headland Media generated revenue of $12.2 million, of which approximately 85% was derived from annual subscription-based services. Speaking of the acquisition and the opportunities ahead, Mark Woodhead, CEO of Headland Media, remarked, “We’re excited to be part of the KVH family and to work with our new colleagues in developing the next generation of onboard entertainment services for ships at sea. The trend towards digital delivery of movies, news, and sports clips has been apparent to us for several years. When we discussed KVH’s capabilities, there just seemed to be a natural fit between their maritime VSAT service and our news, sports and entertainment content.”
Headland Media provides television shows, premium movies, sport and news channels, and music that are fully licensed to be performed in commercial locations, which include ships at sea. KVH’s capabilities to multicast, send data in the background during network idle times, and cache, manage, and distribute data onboard vessels using its Integrated CommBox Modem (ICM) will serve as key enabling technology for Headland Media’s services. Headland Media’s broad content range, which KVH intends to deliver over the mini-VSAT Broadband Network, will also enable KVH to bring Internet Protocol television (IPTV) technology to the maritime market.
Mr. Kits van Heyningen concluded, “We see this acquisition as a great start to KVH’s new initiative to bring our customers all of same high-quality multimedia content they enjoy onshore, but have usually been unable to receive over their maritime satellite service because of either prohibitively high costs or protocol blocking associated with service providers’ fair use policies. We believe that KVH’s capabilities will help Headland Media grow sales of its services, and that having news, sports, and premium movies available on our mini-VSAT Broadband will help our sales efforts as well.”
The $24.0 million transaction is anticipated to be accretive to KVH earnings per share in 2013. The company will finance the transaction from its cash on hand and proceeds from its existing credit facility.