IPass Inc.

Last updated
iPass Inc.
Company type Public
Nasdaq: IPAS
IndustryInternet software and services
Founded1996;28 years ago (1996) in California, United States
FounderChris Moore
Headquarters
Redwood Shores, California
,
United States
Key people
Gary Griffiths (president and CEO)
Services Wi-Fi
Revenue
  • Decrease2.svg $62,564,000 (2015)
  • $69,804,000 (2014)
  • Increase2.svg ($14,911,000) (2015)
  • ($19,449,000) (2014)
  • Decrease2.svg ($15,493,000) (2015)
  • $6,974,000 (2014)
Total assets
  • Decrease2.svg $37,843,000 (2015)
  • $55,255,000 (2014)
Total equity
  • Decrease2.svg $22,601,000 (2015)
  • $38,481,000 (2014)
Number of employees
  • Decrease2.svg205 (2015)
  • 250 (2014)
Parent Pareteum
Website ipass.com

iPass Inc. was an American multinational company headquartered in Redwood Shores, California, that provided internet software and services. The firm was first incorporated in California in July 1996 and later reincorporated in Delaware in June 2000. [1] The company's stock was added to the NASDAQ on July 24, 2003. [2]

Contents

History

iPass was founded in January 1996 by Chris Moore, [3] [4] Moore was later replaced by Michael H. Mansouri, who took the position of chairman, President and CEO in 1999, serving until 2001. [5] Kenneth Denman succeeded Mansouri as president and CEO in 2001, later assuming the position of chairman in 2003. [6]

In July 2003, the firm successfully issued its IPO, raising over $100 million. [7] [8]

In 2004, the firm launched a policy orchestration initiative to integrate patch management, assessment and remediation of remote and mobile computers into its connectivity platform. [9] In pursuing this initiative, iPass acquired two companies in 2004: Safe3w, which developed patented dynamic device “fingerprinting” technology, and Mobile Automation, which specialized in mobile device management. [10]

Two years later, iPass acquired GoRemote Internet Communications, a former rival in the corporate remote access market. [11] [12] In the midst of these acquisitions, iPass recorded year-end revenue growth, despite declining revenues from the company's traditional dial-up business. [13] Overall, total revenues grew to $192 million by the end of 2007. [14] [15]

Evan Kaplan succeeded Denman as CEO and President in 2008. [16] During Kaplan's tenure, the firm began to build a service delivery platform for its new enterprise mobility services. By January 2010, the company delivered the first version of its cloud-based platform, iPass Open Mobile. [17]

2015 there were changes in the firm's executive team, beginning with the appointment of Gary Griffiths to the position of CEO and President. [18] Griffiths and his newly appointed Chief Commercial Officer, Patricia Hume, pursued a new growth strategy for mobile services, launching iPass Unlimited, a per-user, per-month, fixed fee subscription for unlimited Wi-Fi usage. [19] The firm also expanded its network of global hotspots by 2015 from 18 million to 50 million. [20] In November 2015, the firm announced iPass SmartConnect. [21]

In February 2019, Pareteum closed its acquisition of iPass in an all-stock transaction. [22]

Products and services

iPass is a cloud-based service manager that connects users and devices to the company's global Wi-Fi footprint. It is an application, downloaded by service users to laptops, tablets, or smartphones, to identify and connect to the system's hotspots. It is compatible with Automatic Credential Assignment.

Derived from the company's connectivity intellectual property, the app is powered by iPass SmartConnect, iPass’ Wi-Fi service platform, which identifies and rates access points based on factors such as signal strength, speed, bandwidth availability, and connection success rate.

The platform also includes a proprietary scalable reporting and transaction clearing back-end.

Technology infrastructure

The company has a global network of integrated servers and software, with over 160 distinct global Wi-Fi networks.

Wi-Fi network

iPass has a Wi-Fi network footprint and supply chain that consists of more than 64 million hotspots in over 160 countries, including major airports, convention centers, planes, trains, train stations, hotels, restaurants, retail, and small business locations. [23]

Related Research Articles

Vonage Holdings Corp. is an American cloud communications provider operating as a subsidiary of Ericsson. Headquartered in Holmdel Township, New Jersey, the organization was founded in 1998 as Min-X as a provider of residential telecommunications services based on voice over Internet Protocol (VoIP). In 2001, the organization changed its name to Vonage.

Linksys Holdings, Inc., is an American brand of data networking hardware products mainly sold to home users and small businesses. It was founded in 1988 by the couple Victor and Janie Tsao, both Taiwanese immigrants to the United States. Linksys products include Wi-Fi routers, mesh Wi-Fi systems, Wifi extenders, access points, network switches, and Wi-Fi networking. It is headquartered in Irvine, California.

<span class="mw-page-title-main">Wi-Fi hotspot</span> Wi-Fi access point

A hotspot is a physical location where people can obtain Internet access, typically using Wi-Fi technology, via a wireless local-area network (WLAN) using a router connected to an Internet service provider.

United Online, Inc. was an independent public company formed by the 2001 merger of NetZero and Juno Online Services. It is currently a subsidiary of investment bank B. Riley Financial. The company's range of products and services has evolved significantly since its inception as a provider of dial-up Internet access. This has been aided by a series of acquisitions that have included Classmates Online (2004), MyPoints (2006), and FTD Group, Inc. (2008), the latter of which was spun off as its own company in 2013. United Online is headquartered in Woodland Hills, California, United States.

<span class="mw-page-title-main">Allot Ltd.</span> Israeli telecommunications company

Allot Ltd., formerly Allot Communications, is an Israeli high-tech company that develops telecommunications software. The company is headquartered in Hod Hasharon, Israel.

Devicescape is an American developer of client/server software services for wireless networking connectivity, analytics, and context-awareness. Founded in 2001 as Instant802 Networks, the company was renamed to Devicescape in January 2005. Devicescape is a venture backed private company.

<span class="mw-page-title-main">Cambium Networks</span>

Cambium Networks Corporation is a wireless infrastructure provider that offers fixed wireless and Wi-Fi to broadband service providers and enterprises to provide Internet access. An American telecommunications infrastructure company, it provides wireless technology, including Enterprise WiFi, switching solutions, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

<span class="mw-page-title-main">NXP Semiconductors</span> Dutch semiconductor manufacturer

NXP Semiconductors N.V. is a Dutch semiconductor manufacturing and design company with headquarters in Eindhoven, Netherlands. It is the third largest European semiconductor company by market capitalization as of 2024. The company employs approximately 34,000 people in more than 30 countries and it reported revenues of $13.3 billion in 2023.

<span class="mw-page-title-main">Alvarion</span>

Alvarion Technologies Ltd. is a global provider of autonomous Wi-Fi networks designed with self-organizing capabilities for carrier-grade Wi-Fi, enterprise connectivity, smart city planning, smart hospitality, connected campuses, and connected events.

<span class="mw-page-title-main">Boingo Wireless</span> American wireless network company

Boingo Wireless, Inc. is an American company that designs, builds and manages wireless networks. Its public and private networks include distributed antenna systems (DAS), small cells, macro towers and more than one million Wi-Fi hotspots around the world. The company operates networks for airports, transit stations, stadiums, military bases, hospitals and commercial properties. In December 2022, the company announced it was moving its headquarters to Frisco, Texas, and would maintain regional offices in Los Angeles, New York, Chicago and Las Vegas. The company was listed on the Nasdaq until it was acquired by investment firm Digital Colony Management LLC in 2021.

<span class="mw-page-title-main">MiFi</span> Brand name for a wireless router that acts as mobile Wi-Fi hotspot

MiFi is a brand of wireless router that acts as a mobile Wi-Fi hotspot device.

Perion Network Ltd. is a global technology company that provides digital advertising products and services. It is headquartered in Tel Aviv, Israel, with offices in Tel Aviv, New York, Los Angeles, London, Chicago, Boston, Atlanta, Toronto, and Kyiv.

Towerstream Corporation is a Fixed Wireless Fiber Alternative company delivering high-speed Internet access to businesses. The company offers broadband services in 12 urban markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater Providence area, where the company is headquartered. In 2014, Towerstream launched its On-Net fixed-wireless service offering On-Net building tenants access to dedicated, symmetrical high-speed Internet connectivity, with a premier SLA, at market-setting prices. Founded in 1999 by Philip Urso and Jeffrey Thompson (eFortress), Towerstream held its first public offering in January 2007 and traded on the NASDAQ Capital Markets under symbol TWER. In November 2016 the stock had declined in price, was delisted from NASDAQ, and moved to the over-the-counter market.

Connectify is an American software company that develops networking software for consumers, professionals and companies. Connectify Hotspot is a virtual router software for Microsoft Windows, and Speedify is a mobile VPN service and app with channel bonding capabilities, available for individuals, families and enterprise.

Cvent Holding Corp. is a Tysons Corner, Virginia–based company that provides software-as-a-service (SaaS) solutions for meetings, events, and hospitality management. Their web-based platform caters to in-person, virtual, and hybrid events, offering functionalities like online registration, venue selection, event management tools, and attendee engagement features. Cvent also provides software for hotels and venues to manage group bookings, including corporate travel, and source new group business. Previously a public company, Cvent was acquired by investment firm Blackstone Inc. for $4.6 billion in June 2023.

<span class="mw-page-title-main">Mellanox Technologies</span> Israeli-American multinational supplier of computer networking products

Mellanox Technologies Ltd. was an Israeli-American multinational supplier of computer networking products based on InfiniBand and Ethernet technology. Mellanox offered adapters, switches, software, cables and silicon for markets including high-performance computing, data centers, cloud computing, computer data storage and financial services.

TruConnect, formally known as TruConnect Mobile, is an American mobile virtual network operator (MVNO) that sells mobile hotspots and smartphones, 3G/4G LTE mobile data plans and prepaid cell phone talk & text plans on both T-Mobile and Verizon networks. TruConnect was the first prepaid broadband provider in the U.S. to offer a pay-as-you-go, portable Wi-Fi service plans. The only Lifeline provider (ETC) headquartered in Los Angeles, CA. TruConnect uses either Verizon's and/or T-Mobile's network depending on location.

<span class="mw-page-title-main">Mavenir</span> American telecommunications software company

Mavenir Systems, Inc. is an American telecommunications software company, created in 2017 as a result of a three-way merger of existing companies and technologies, that develops and supplies cloud-native software to the communications service provider (CSP) market.

Array Networks is an American networking hardware company. It sells network traffic encryption tools.

WatchGuard, formally known as WatchGuard Technologies, Inc, is an American technology company based in Seattle, Washington. It specializes in network security solutions aimed at safeguarding computer networks from external threats such as malware and ransomware.

References

  1. ↑ “iPass Inc Form 10-K”. United States Security and Exchange Commission.
  2. ↑ Gelsi, Steve. "IPass heats up as two IPOs debut". MarketWatch. Retrieved 2016-04-12.
  3. ↑ "Local companies in battle to link Net service providers - Silicon Valley Business Journal". Silicon Valley Business Journal. Retrieved 2016-04-12.
  4. ↑ "IPASS INC (IPAS:NASDAQ GS): Company Description - Businessweek". www.bloomberg.com. Retrieved 2016-04-12.
  5. ↑ "List of Public Companies Worldwide, Letter - Businessweek - Businessweek". www.bloomberg.com. Retrieved 2016-04-12.
  6. ↑ "Disney heir not amused by CEOs". www.denverpost.com. 17 August 2006. Retrieved 2016-04-12.
  7. ↑ "IPOs regain popularity / After 2 years of inactivity, stock issues are hot again". SFGate. 29 December 2003. Retrieved 2016-04-11.
  8. ↑ "iPass launches IPO - Silicon Valley Business Journal". Silicon Valley Business Journal. Retrieved 2016-04-12.
  9. ↑ Pappalardo, Denise (19 July 2004). "IPass beefing up policy enforcement". Network World. Retrieved 2016-04-11.
  10. ↑ "iPass buys Israeli-American start-up Safe3w for $8.5m - Globes English". Globes. 5 October 2004. Retrieved 2016-04-11.
  11. ↑ King, Ben (2005-02-14). "Too many cul-de-sacs for effortless roaming". Financial Times. ISSN   0307-1766 . Retrieved 2016-04-11.
  12. ↑ "iPass Buys GoRemote - Wi-Fi Networking News". wifinetnews.com. Retrieved 2016-04-12.
  13. ↑ "Heard in the C-Suite". Harvard Business Review. 7 December 2006. Retrieved 2016-04-12.
  14. ↑ “iPass Inc Form 10-K”. United States Security and Exchange Commission.
  15. ↑ "iPass Revenue (Quarterly) (IPAS)". ycharts.com. Archived from the original on 2016-09-28. Retrieved 2016-04-12.
  16. ↑ “Can new CEO Evan L. Kaplan take iPass to next level?” Archived 2008-12-11 at the Wayback Machine . ceoworld.biz. 2008-11-04. Retrieved 2016-02-11.
  17. ↑ "Cloud-based open mobile management platform introduced by iPass". SC Magazine UK. Retrieved 2016-04-12.
  18. ↑ Seward, John (1969-12-31). "iPass Inc. (NASDAQ:IPAS), Microsoft Corporation (NASDAQ:MSFT) - IPass Spikes: No Buyer, CEO Sacked, Microsoft Pact Unveiled". Benzinga. Retrieved 2016-04-12.
  19. ↑ "Review: iPass Wi-Fi service for connectivity on the go - TechRepublic". TechRepublic. 27 November 2015. Retrieved 2016-04-11.
  20. ↑ Morphy, Erika (10 August 2015). "iPass has tech in beta to solve Wi-Fi's most irritating problem". Computerworld. Retrieved 2016-04-12.
  21. ↑ "IPass SmartConnect Looks to Optimize WiFi With Real-Time Data - RTInsights". RTInsights. 10 February 2016. Retrieved 2016-04-12.
  22. ↑ "Pareteum closes acquisition of iPass" Retrieved 2020-03-30
  23. ↑ "World's Biggest Wi-Fi Network Adds 9 Million Hotspots | Wi-Fi Now USA". Wi-Fi Now USA. Archived from the original on 2016-01-20. Retrieved 2016-04-12.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.