iPass Inc. provides cloud-based mobility management and network connectivity services to enterprises and telecommunication carriers in the United States and internationally. Portfolio The company’s business consists of two segments: Mobility Services and iPass Unity Network Services (formerly referred to as ‘Managed Network Services’). The Mobility Services segment comprises two service offerings: Open Mobile Enterprise Services, and Open Mobile Exchange. Mobility Services (Collectively referred to as Open Mobile or OM) Open Mobile Enterprise Services (iPass OME or OME): The company provides iPass OME to large enterprises to deliver enhanced network mobility services, addressing large enterprises’ needs to manage their mobility economics, high speed network connectivity requirements and proliferation of mobile devices, including the ‘bring-your-own-device’ trend. OME consists primarily of its network services and platform services, as follows: Network Services: The company’s virtual network provides its enterprise and carrier customers access to 2.2 million global commercial Wi-Fi hotspots across 130 countries globally and across Wi-Fi venues. The company’s offerings span multiple geographies and are primarily focused on Wi-Fi access technologies. Platform Services: The company’s cloud-based Open Mobile Platform enables enterprise users to connect from most mobile devices over a range of networks. These services allow its customers to manage their mobile workforces by controlling costs, enforcing compliance and ensuring security when workers connect their mobile devices to the Internet and wireless networks. Open Mobile Exchange (iPass OMX or OMX): The company provides its iPass OMX service offerings to global telecommunications carriers and service providers to extend and enhance their core mobility and Internet offerings by integrating its Open Mobile Platform technology and its worldwide Wi-Fi Network, to allow global telecommunications carriers and service providers to seamlessly connect their customers and subscribers to preferred global Wi-Fi networks. iPass Unity Network Services (iPass Unity or Unity): iPass Unity is focused on delivering and managing high speed Wi-Fi and WAN managed network solutions to customers in various industries, including retail, financial services, and healthcare. Strategy The company intends to leverage its set of mobility assets across its business portfolio offerings to drive growth in users, customers and Wi-Fi usage with a committed focus on smartphone and tablet adoption and delivering customer satisfaction via enhanced end user experience across its platform and network. Seasonality The company experiences seasonality in its business due to decreased business travel during the summer, particularly in Europe, and during the year-end holiday season which results in lower usage of its network services. Sales and Marketing In its iPass Unity business, the company sells services directly through its sales force and indirectly through its reseller partners in the United States. The company maintains sales offices or personnel in various cities in the United States as well as in the United Kingdom, India, Australia, Japan, Germany, France, Singapore, the Netherlands, and China. Research and Development The company’s research and development expenses were $13.3 million in 2013. Intellectual Property The company has a patent portfolio, related to its Mobility Services and iPass Unity businesses consisting of 24 U.S. patents, and 6 international patents. The company’s patents expire between 2016 and 2025. The company has 10 U.S. patent applications pending, and 16 international patent applications pending (in the same subject areas as the U.S. patent applications). iPass and the iPass logo are registered trademarks. History iPass Inc. was founded in 1996. The company was incorporated in California in 1996 and reincorporated in Delaware in 2000.
ipass inc (IPAS:NASDAQ GS)
3800 Bridge Parkway
Redwood Shores, CA 94065
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