Datapath

Gilat Presents Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, February 26, 2024

PETAH TIKVA, Israel, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its unaudited results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Management’s financial guidance for 2024 is for revenues of between $305 to $325 million, representing year-over-year growth of 18% at the midpoint.
  • This demonstrates the operating leverage inherent to our business model combined with a favorable product revenue mix during 2023.
  • “Furthermore, 2023 was also particularly successful from a strategic perspective.
  • Moreover, our strong cash position is allowing us to explore additional inorganic growth opportunities and we are currently exploring several of these opportunities.

Mission Critical Partners Announces 2024 Best Project Award Winners

Retrieved on: 
Thursday, February 29, 2024

STATE COLLEGE, Pa., Feb. 29, 2024 /PRNewswire-PRWeb/ -- Mission Critical Partners announced the recipients of two awards that the firm instituted this year: the 2023 Most Innovative Project Award and the 2023 Most Impactful Project Award. The award winners were announced at the firm's 2024 kickoff event, held in January, which was the fourth annual virtual gathering of MCP's 200 subject-matter experts (SMEs) for strategy and educational sessions.

Key Points: 
  • STATE COLLEGE, Pa., Feb. 29, 2024 /PRNewswire-PRWeb/ -- Mission Critical Partners announced the recipients of two awards that the firm instituted this year: the 2023 Most Innovative Project Award and the 2023 Most Impactful Project Award.
  • The award recipients are as follows:
    Most Innovative Project Award Winner – 911 DataPath — This award considers a project's goals; how the goals advanced the client's mission and resulted in enhanced public-safety or justice outcomes; and, most importantly, the innovative way the goals are being achieved.
  • The 911 DataPath project of the National Highway Transportation Safety Administration received this award for 2023.
  • Most Impactful Project Award Winner – Hamblen County (Tennessee) 911 Center — This award considers the degree to which a project has benefitted a client's stakeholders or its personnel.

Gilat Awarded $10 Million Follow-On Order from the US Department of Defense

Retrieved on: 
Thursday, February 8, 2024

PETAH TIKVA, Israel, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the US Department of Defense awarded a $10 million follow-on order to one of the company’s US-based subsidiaries, DataPath.

Key Points: 
  • PETAH TIKVA, Israel, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the US Department of Defense awarded a $10 million follow-on order to one of the company’s US-based subsidiaries, DataPath.
  • This additional order is for DKET 3421 terminals, transportable satcom hubs that deliver the operational flexibility, capacity, connectivity, and control required to ensure success anywhere in the world.
  • The field-proven DKET 3421 terminal supports multi-carrier operations with a scalable modem architecture (up to 32 modems) while weighing under 5000 lbs.
  • “This follow-on order is a testament to the outstanding performance and satisfaction our solutions consistently deliver.”

Gilat Completes Acquisition of DataPath, Inc.

Retrieved on: 
Thursday, November 16, 2023

“This acquisition is a strong step ahead in Gilat’s strategy to increase its presence in the growing defense market,” said Adi Sfadia, Gilat’s CEO.

Key Points: 
  • “This acquisition is a strong step ahead in Gilat’s strategy to increase its presence in the growing defense market,” said Adi Sfadia, Gilat’s CEO.
  • “DataPath, now as part of Gilat, will continue to offer superior solutions, not just within the U.S. DoD market, but throughout the world.
  • This acquisition’s synergies enhance Gilat’s and DataPath’s ability to develop solutions for the rapidly evolving satellite communication market.
  • As the SATCOM market enters a new space age, our combined resources and technologies further enhance Gilat’s strategy in the global defense sector.”
    Needham & Company LLC and Quilty Analytics LLC are serving as financial advisors to Gilat.

DataPath and Health-E Commerce join forces to enhance FSA and HSA user experience with frictionless technology solutions

Retrieved on: 
Thursday, December 14, 2023

DataPath has been helping clients get where they want to grow for nearly 40 years through innovative solutions that address ever-changing market conditions.

Key Points: 
  • DataPath has been helping clients get where they want to grow for nearly 40 years through innovative solutions that address ever-changing market conditions.
  • DataPath is the only platform provider that is an end-to-end card and payment processor, and DataPath Financial Services, Inc. is an IRS-approved HSA non-bank custodian.
  • When logged in to Summit, employee participants can connect directly to FSA Store or HSA Store to spend account funds.
  • "We're proud to partner with DataPath to help consumers and employers realize greater value from their tax-advantaged healthcare accounts."

DataPath Granted Non-Bank HSA Custodian Status

Retrieved on: 
Wednesday, November 8, 2023

DFS can now provide more expansive capacity to its HSA client partners, including powerful efficiencies in both compliance and flexibility.

Key Points: 
  • DFS can now provide more expansive capacity to its HSA client partners, including powerful efficiencies in both compliance and flexibility.
  • "Having debuted our HSA administration platform in 2004, DataPath already offered perhaps the most proven system on the market," said John Robbins, Jr., DataPath's president and chief executive officer.
  • Among the many benefits to DataPath client partners of the company becoming an approved Non-Bank Custodian, DFS can now support these areas and more:
    Starting January 1, DFS will become the non-bank custodian for all HSAToday® and Summit HSA health savings accounts, along with all white-label HSA products administered on the DataPath platform.
  • The custodian conversion process will have minimal impact on current customers of DataPath HSA management services and the DataPath HSA platform.

Mental Health Support Joins the List of Essential Employee Benefits for 2024

Retrieved on: 
Tuesday, October 31, 2023

LITTLE ROCK, Ark., Oct. 31, 2023 /PRNewswire/ -- DataPath, Inc., a leading developer of technology solutions for employee benefits administration, has published a new whitepaper entitled "Mental Health Support Joins the List of Essential Employee Benefits for 2024".

Key Points: 
  • LITTLE ROCK, Ark., Oct. 31, 2023 /PRNewswire/ -- DataPath, Inc., a leading developer of technology solutions for employee benefits administration, has published a new whitepaper entitled "Mental Health Support Joins the List of Essential Employee Benefits for 2024".
  • It reviews the evolution of mental health care in America and why employers must plan to offer supportive benefit programs in 2024.
  • "Mental health care in the U.S. has made great strides, but the need for mental and emotional well-being support continues to grow," said Bo Armstrong, DataPath's Chief Marketing Officer.
  • "As Millennial and Gen Z generations become dominant in the workforce, demand and utilization have grown to the extent that they can no longer be overlooked by employers wishing to stay competitive," he said.

Watchfire Dual-Sided LED Halo Display Selected by Houston Astros for Minute Maid Park’s Team Store

Retrieved on: 
Tuesday, August 15, 2023

DANVILLE, Ill., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Watchfire , a leading provider of premium LED displays, was selected by the Houston Astros to deliver a unique dual-sided LED halo display suspended from the ceiling in The Astros Team Store at Minute Maid Park.

Key Points: 
  • DANVILLE, Ill., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Watchfire , a leading provider of premium LED displays, was selected by the Houston Astros to deliver a unique dual-sided LED halo display suspended from the ceiling in The Astros Team Store at Minute Maid Park.
  • Serving as the centerpiece of The Astros Team Store, the display was a collaboration of the Astros management team, BrightSign, Wallboard, Datapath, Humble Sign Company, and Watchfire's own service and engineering departments.
  • The Astros Store at Minute Maid Park recently underwent renovation and expansion, making it an ideal location for installing the new display.
  • “Many partners worked together to ensure that Astros fans could visit the team store without missing a minute of the excitement.”

DataPath partners with Mastercard and HealthLock to help protect against healthcare fraud and billing errors

Retrieved on: 
Wednesday, July 19, 2023

LITTLE ROCK, Ark., July 19, 2023 /PRNewswire/ -- DataPath, a leading technology and growth services provider for third-party administrators, has partnered with Mastercard and HealthLock to help consumers protect against medical bill fraud, claim errors, and overcharges.

Key Points: 
  • LITTLE ROCK, Ark., July 19, 2023 /PRNewswire/ -- DataPath, a leading technology and growth services provider for third-party administrators, has partnered with Mastercard and HealthLock to help consumers protect against medical bill fraud, claim errors, and overcharges.
  • The partnership with Mastercard and Healthlock will initially open the no-fee, core HealthLock breach alert and fraud remediation service to all enrolled users of DataPath debit cards, including the Summit card, mySourceCard®, and COMPASS™ card.
  • "Our partnership with Mastercard and HealthLock provides DataPath cardholders with a secure, accurate method of reducing costs related to fraudulent billings, overcharges, and claims errors," said John J. Robbins, Jr., DataPath president and CEO.
  • Current DataPath cardholders can receive more information and enroll in the HealthLock service by visiting healthlock.com/mcdp.

"Updating Your Benefits Program for a Remote or Hybrid/Onsite Workforce"

Retrieved on: 
Thursday, May 18, 2023

LITTLE ROCK, Ark., May 18, 2023 /PRNewswire/ -- DataPath, Inc., a leading developer of technology and business solutions for employee benefits administration, has published a whitepaper titled "Updating Your Benefits Program for a Remote or Hybrid/Onsite Workforce." The whitepaper proposes that the majority of identified "must-have" needs of today's workforce can be addressed by offering six specific benefit options.

Key Points: 
  • LITTLE ROCK, Ark., May 18, 2023 /PRNewswire/ -- DataPath, Inc., a leading developer of technology and business solutions for employee benefits administration, has published a whitepaper titled "Updating Your Benefits Program for a Remote or Hybrid/Onsite Workforce."
  • The whitepaper proposes that the majority of identified "must-have" needs of today's workforce can be addressed by offering six specific benefit options.
  • Leading up to the benefit recommendations, the whitepaper explores changes to employee benefits satisfaction after transitioning to remote working, the impact on retention of updating benefits packages, and different generational views on perks.
  • "It's exciting to consider how TPAs and brokers can help employers build benefits packages that meet these developing and diverse needs."