iPass to Explore Strategic Alternatives
REDWOOD SHORES, CA--(Marketwired - Sep 8, 2014) - iPass Inc. (NASDAQ: IPAS), the leading provider of Wi-Fi connectivity services to enterprises, telecommunications carriers, service providers and device manufacturers, today announced that the iPass Board of Directors has initiated a process to explore strategic alternatives that may enhance stockholder value.
"Our Open Mobile business generated last twelve month revenues of $53.5 million (as of June 30, 2014), with second quarter 2014 revenues of $14.4 million," said Evan Kaplan, President and Chief Executive Officer of iPass. "We've experienced 13 consecutive quarters of revenue growth in our Open Mobile business while growing Wi-Fi network users at 43% this past year alone.
- Published: 09 September 2014
- Written by Editor