Hughes announces agreement to acquire Helius, Inc.

Hughes Communications, Inc. (HUGHES), the global leader in broadband satellite network solutions and a leading broadband managed network services provider, announced today that it has entered into a definitive agreement to acquire Helius, Inc., a portfolio company of Canopy Ventures.
The acquisition is expected to be completed on or about February 4, 2008. Upon completion of the acquisition, Helius will become a wholly owned subsidiary of Hughes and will operate closely with Hughes' North America and International enterprise businesses.
The acquisition will combine the skills of Helius, a recognized leader in providing business IPTV solutions for applications such as training, corporate communications, and digital signage, with the extensive broadband networking experience and customer base of Hughes. Hughes plans to deploy Helius' innovative IP video technologies to enhance its existing HughesNet(R) service offerings.