RigNet Names Sheldon Mundle Chief Information Officer

HOUSTON, Aug. 19, 2014 (GLOBE NEWSWIRE) -- RigNet, Inc. (Nasdaq:RNET), a leading global provider of managed remote communications solutions, telecoms systems integration services and collaborative applications to the oil and gas industry, today announced that Sheldon Mundle has been named to the new position of Vice President and Chief Information Officer (CIO). Based at RigNet's Houston headquarters, Mundle will plan and lead the Company's information technology (IT) systems strategy and implementation in support of the Company's growth objectives and focus on maintaining the highest levels of network reliability and customer satisfaction.

Mundle has more than 18 years of global experience in the IT industry. His most recent executive position was as the SVP and CIO at BTC (a Cable & Wireless Telecom company), where he was responsible for the IT department during a significant business transformation period and supported that company's mission of providing quality communication services to governments, small and medium-sized businesses and private consumers. Before assuming his position at BTC, Mundle worked as an independent consultant in the USA and Caribbean, helping clients to achieve business goals such as increasing revenues, lowering costs and improving profitability. Mundle also has senior management experience at companies such as Bank of America, KPMG and IBM where he led complex technology integration initiatives and ERP implementations. Mundle holds a Bachelor of Science in Computer Information Systems from Drexel University, and an MBA from the University of Massachusetts.

"We are delighted to welcome Sheldon to the RigNet executive team," said Marty Jimmerson, RigNet's SVP & CFO. "His extensive background and global experience will serve him extremely well as he leads the execution of our IT strategy."

About RigNet

RigNet (Nasdaq:RNET) is a leading global provider of managed remote communications, telecoms systems integration and collaborative applications dedicated to the oil and gas industry, focusing on offshore and onshore drilling rigs, energy production facilities and energy maritime vessels. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to over 1,100 remote sites in over 45 countries on six continents, effectively spanning the drilling and production industry. RigNet is based in Houston, Texas. For more information, please visit www.rig.net. RigNet is a registered trademark of RigNet, Inc.

CONTACT: Media Contact: Brooks Albery Director - Products and Marketing, RigNet Tel: +1 (281) 674-0111 media@rig.net

Source:RigNet, Inc.