WASSERSTEIN & CO. COMPLETES ACQUISITION OF GLOBECOMM SYSTEMS INC.

Dec 11, 2013

Hauppauge, N.Y. -- (Business Wire)

Globecomm Systems Inc. (NASDAQ:GCOM), a leading communications solutions provider, announced today that an investor group led byWasserstein & Co. has successfully completed the previously announced acquisition of Globecomm.

As a result of the merger, each share of Globecomm common stock (other than shares held by Globecomm
as treasury stock and shares as to which holders properly exercised dissenters’ rights) was converted into
the right to receive $14.15 in cash, without interest, and Globecomm’s common shares will no longer be
publicly traded.

As previously announced, the merger was approved by Globecomm’s stockholders at a special meeting of
the stockholders held on November 22, 2013.

Needham & Company served as exclusive financial advisor and Kramer Levin Naftalis & Frankel LLP
served as legal counsel to Globecomm.

Jones Day served as legal advisor to Wasserstein & Co. U.S. Space LLC advised Wasserstein & Co. with
respect to industry matters.

About Wasserstein & Co.

Wasserstein & Co. is a leading independent private equity and investment firm, focused primarily on
leveraged buyout investments and related investment activities. Wasserstein & Co. manages capital on
behalf of institutional and individual investors. The firm is focused on investments primarily in the media,
consumer products and water equipment and services industries. Wasserstein & Co. has offices in New
York and Los Angeles. For more information, visit www.wasserco.com.

About Globecomm

Globecomm Systems Inc. is a leading global communications solutions provider. Employing its expertise
in emerging communication technologies, including satellite and other transport mediums, Globecomm is
able to offer a comprehensive suite of system integration, system products, and network services enabling a
complete end-to-end solution for our customers. Globecomm believes that its integrated approach of inhouse
design and engineering expertise combined with a world-class global network and its 24 by 7
network operating centers provides it a unique competitive advantage. Globecomm focuses this value
proposition in selective vertical markets, including government, wireless, media, enterprise, and maritime.

As a communications solutions provider Globecomm leverages its global network to provide customers
managed access services to the United States Internet backbone, video content, the public switched
telephone network or their corporate headquarters or government offices. Globecomm currently has
customers for which it is providing these solutions in the United States, Europe, South America, Africa, the
Middle East and Asia.

Based in Hauppauge, New York, Globecomm also maintains offices in Maryland, New Jersey, Virginia,
the Netherlands, South Africa, Hong Kong, Germany, Singapore, the United Arab Emirates and
Afghanistan.

Globecomm Contact:
Julia Hanft
Phone: 631-457-1144

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