The purchase price was $6.5 million in cash to be funded through Globecomm's existing cash position. The shareholders of Telaurus can also receive shares of Globecomm common stock and warrants to purchase Globecomm common stock, subject to an earn-out, based on certain income milestones which must be achieved within the next twelve months.

Telaurus is a service provider with 100% of its revenues concentrated in the maritime marketplace. The company employs approximately 28 staff and had unaudited revenues for the twelve-months ended December 31, 2008 of approximately $12.4 million. The transaction is anticipated to be immediately accretive to Globecomm's diluted earnings per share.

Telaurus further expands Globecomm's strategy of growing its recurring, higher margin service revenue base. Globecomm recently acquired Mach6, which is currently advancing development of maritime broadband services as a significant element of its business.

The Telaurus acquisition builds on Mach6's maritime service offering and provides the Company with a major footprint in the maritime marketplace. Telaurus currently provides communications to over 1,850 vessels, with approximately 1,650 active at any given time.

David Hershberg, Chairman, Chief Executive Officer and President of Globecomm Systems Inc. stated: "Telaurus immediately provides Globecomm with a significant increase in the Company's growing recurring revenue base, adds core expertise in the maritime marketplace and, when added to the number of vessels currently being served by Mach6, brings the total number of vessels being served at any given time by Globecomm to approximately 2,000.

"This acquisition has also significantly enhanced Globecomm's ability to up sell broadband capabilities into the maritime marketplace. The acquisition team, led by Matthew Byron, V.P. Corporate Office, has done an excellent job in identifying and closing the Company's third acquisition in the past two years. Globecomm has spent nearly a decade building a robust global network.

"The ability to identify and acquire well run companies in different vertical marketplaces that benefit from leveraging Globecomm's global network has been a critical piece of the Company's long term business plan. I'm proud of the team and look forward to assimilating Telaurus into the Globecomm family of companies."

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