Ground Control Systems Inc.

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Ground Control Systems Inc. - overview

Established

2002

Location

Atascadero, CA, US

Primary Industry

Telecoms

About

Ground Control Systems Inc. is a provider of satellite IoT and tracking solutions, ensuring reliable real-time connectivity for various critical applications across diverse industries. Ground Control Systems Inc. specializes in satellite communication and tracking technology since its inception in 2002, headquartered in Atascadero, US.


The company was founded by Chase Spenst, Dustin Stevenson, and Mark Wright, with Berto Gonzalez and Jeff Staples serving as its current leaders. In May 2019, Wireless Innovation Ltd. , a portfolio company of Horizon Capital, acquired Ground Control, but the financial terms remain undisclosed. Ground Control offers satellite IoT and tracking solutions aimed at providing reliable communication in remote areas.


Their product lineup includes satellite communication devices such as RockBLOCK, RockREMOTE, and various tracking systems utilizing networks like Iridium and Viasat. The company's products cater to a wide range of industries, including agriculture, aviation, military, and environmental monitoring, primarily in North America, Europe, and select regions of Asia. Ground Control operates using a subscription-based revenue model, featuring various airtime plans and connectivity solutions. Clients select from flexible airtime options for devices like RockBLOCK and RockREMOTE, allowing them to manage satellite communication based on data transmission needs.


This pricing structure fosters long-term relationships with clients, ensuring effective management of their communication requirements. Ground Control plans to expand its market reach by launching new products designed for enhanced communication capabilities. The company is focusing on new geographic regions for expansion, targeting specific markets in Asia and Europe by 2022. The recent acquisition funding will be utilized to support these initiatives and enhance product offerings, including the development of advanced satellite technology solutions.


Current Investors

Wireless Innovation Ltd.

Primary Industry

Telecoms

Sub Industries

Telecoms Equipment, Internet Service Providers

Website

www.groundcontrol.com

Verticals

IoT (Internet of Things)

Company Stage

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Total Amount Raised

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Ground Control Systems Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
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