Oakley Capital, a private equity company, agreed to acquire Videotel group of companies from KVH Industries, a global leader in mobile connectivity and inertial navigation systems, for $90m. Videotel produces e-Learning training materials and management software for all commercial maritime sectors. This transaction continues Oakley's successful track record of investing in the maritime and education sectors. "We are delighted to be partnering with the management teams of Seagull and Videotel, two companies we have admired for many years. Both teams are exactly the type of highly-ambitious professionals we continually seek to back. We look forward to supporting them in their plans to invest in new content and technology solutions based on the wealth of internal expertise which can now be shared across the group." Peter Dubens, Managing Partner of Oakley Capital.