The Reuben Brothers (David Reuben and Simon Reuben) have invested in HiSky, an Israeli company developing a satellite network of terminals based on electronically steered antenna, hub base station, and network management system. This investment will be mostly used for the network roll-out and the Smartellite cost reduction to allow affordable global satellite communication in prices lower then Long Term Evolution (LTE)/Global System for Mobile Communications (GSM) roaming prices.
The new investment will help hiSky with its position in the voice and data and Internet of Things (IOT)/Machine to Machine (M2M) satellite industry. The Reuben Brother’s activities in maritime, agriculture, green energy, and mining operations makes them a strategic partner to hiSky by assimilating the hiSky Satellite-IOT/M2M network and technology with assets at sea and in rural locations. The Reuben Brothers’ role in Global Switch, an owner, operator, and developer of carrier and cloud neutral data center properties in Europe and Asia-Pacific, is an additional strategic grouping to hiSky and its network management system.
“We met two remarkable business persons who understood clearly the potential and the global growth need for connectivity of sensors to data, chat and voice,” said HiSky Co-Founder and Chief Executive Officer (CEO) Shahar Kravitz. “HiSky will enjoy [the] Reuben Brothers’ global presence and operations to drive our technology and network to unique places, which will also drive new products. We got to meet a group of people running business operations around the world, [who] understand the added value resulting from new technologies.”