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IPass and GoRemote announced an agreement for iPass to acquire GoRemote in an all-cash transaction valued at approximately $76.5 million
December 12, 2005
REDWOOD SHORES, Calif. -- iPass Inc. (Nasdaq: IPAS), and GoRemote Internet Communications, Inc. (Nasdaq: GRIC), leading providers of enterprise broadband services, today announced an agreement for iPass to acquire GoRemote in an all-cash transaction valued at approximately $76.5 million.
iPass supplies remote access WiFi connections back to the corporate network with its software client as well as dial-up connections. They’ve just bought their major rival in this space. There are two sides to the user coin in this, they’ll get a larger network, but will iPass be able to charge more?
I’m happy to cover this but it could be a nice story for Richard if he wants it.
I’m going to write up the Aruba voice announcement ASAP. They promise me a customer as well but he’s not available til after one, so I’ll get something up and then update it. Still working on Microsoft and Cranite stories.
iPass Inc.
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