SatADSL appoints Serge Van Herck as President of its Board of Directors and announces completion of its capital increase by SPDG

– BELGIUM, Brussels –  SatADSL, a provider of professional VSAT services, today announced the completion of its capital increase and the appointment of Serge Van Herck as President of its Board of Directors.

Serge Van Herck, a veteran of the satellite industry for several decades, has held positions as CEO and as a board member at multiple companies and industry organizations.

The capital increase, subscribed by SPDG, the holding company of the Périer-D’Ieteren family, will provide SatADSL with the means required to accelerate the deployment of its global Points-of-Presence, reaching out to new markets and communities, delivering its solutions and extensive value-added services portfolio. SatADSL also benefits from financial and collaborative support from finance&, the Brussels Regional Investment Company.

SatADSL recently announced the launch of its Singapore PoP replicating its European and African models which will enable operators to access its Cloud-based Service Delivery Platform. SatADSL’s C-SDP is a complete operations support system/business support system, carrier-grade, fully redundant platform in the cloud, deployed as a Platform as a Service, to allow operators to easily outsource satellite services without any upfront investment.

“This funding will allow a substantial acceleration of our international expansion in an incredibly exciting period for us,” said Thierry Eltges, CEO of SatADSL. “We are now fully equipped to bolster our expansion globally, to deliver advanced services across new regions, including hard-to-reach and previously unconnected remote locations. We plan to continue our roll-out of pre-paid voucher-based services to new markets and to operate as a Virtual Network Operator on a wider scale than before.”

About Serge Van Herck

Serge Van Herck was CEO at Newtec between 2006 and 2016 and, before this, worked for seven years as Head of Satellite Services at Belgacom. He served as a board member of the World Teleport Association, European Satellite Operator Association, and Eutelsat. He also served as a board member at Flanders’ Chamber of Commerce and Industry and Belgium’s largest employers’ organization and trade association, Agoria.

“It is a great honor for me to take on this role as Chairman of SatADSL’s Board of Directors, at a time when the need for flexible and accessible satellite solutions is growing so rapidly,” said Serge Van Herck. “This capital increase will allow SatADSL to further optimize and deploy its Platform as a Service offering in new markets. I look forward to this new challenge, to sharing my knowledge as well as my industry insight and to take SatADSL’s unique offering to the next level.”

About SatADSL

SatADSL is a provider of satellite services which designs and offers innovative satellite networking solutions to banks, microfinances, broadcasters, NGOs, governments, ISPs, telecom operators and other companies in remote areas or where terrestrial infrastructure is not reliable.

Founded in 2011, SatADSL has set up more than 3 000 VSAT networks in more than 45 countries. It specializes in providing tailor-made VSAT solutions based on customer-specific requirements and flexible service plans that meet clients’ budgets.

SatADSL offers its services through the innovative Cloud-based Service Delivery Platform and is introducing its Platform-as-a-Service solution, enabling operators to deliver satellite-based connectivity without investing in additional physical infrastructure.

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