ViaSat Inc. (VSAT) announced that it has acquired privately-held LonoCloud Inc., an early-stage company with expertise in cloud networking software.
ViaSat said it plans to integrate core components of the LonoCloud Platform as a Service product with the ViaSat broadband network. LonoCloud employees will join ViaSat's broadband networking team.
"Adding this core technical capability to our broadband network will both enhance our existing offering as well as shorten development cycles for new service offerings," said Mark Dankberg, ViaSat chairman and CEO. "Further, we're excited to add this talented team to our rapidly-growing broadband group."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.