Tolt Solutions is the leading retail-focused IT expert, delivering innovative technology solutions and managed services for your business both today and tomorrow. With the growing need for fast, high bandwidth connectivity, iPass lets business travelers stay close to what matters most while on the road including access to video, unified communications, web conferencing and other cloud based apps.įor more information, please visit and the iPass blog, Smarter Connections. Through its cloud-based delivery model, iPass connects business travelers to over 2.7 million commercial grade hotspots in airports, airplanes, hotels and public areas along with access to millions of additional community hotspots. Founded in 1996, iPass ( NASDAQ: IPAS) is the world's largest commercial Wi-Fi network, covering over 120 countries and territories and selling to over 700 large corporations and telecom service providers around the world. IPass enables business travelers to stay connected by providing them with cost-effective and convenient global Wi-Fi access across smartphones, tablets and laptops. iPass intends to discuss this transaction in detail on its upcoming second quarter 2014 conference call in early August. iPass is reaffirming its guidance for second quarter 2014 results for the entire Company, including Unity, as described in its first quarter press release of May 7, 2014. Growing from several thousand users a few years ago, today the service is used by over 1.6 million people a year to get connected in airports, airplanes, trains, hotels, and public venues around the globe. The iPass Business Traveler 2.0 service and Open Mobile offerings are positioned to help people easily and cost effectively get connected on Wi-Fi. The vast majority of that consumption is on Wi-Fi networks driven by rapid growth in public Wi-Fi deployments and the widespread availability of Wi-Fi on connected devices. With annual Open Mobile revenue growth of 77% in 2013, iPass is well positioned to leverage our unique assets and strengthened balance sheet to drive consistent growth in the expanding market for global Wi-Fi."Ĭonnectivity has become central to people's personal and business lives as evidenced by the dramatic rise in data consumption. "The sale of Unity enables us to focus exclusively on our Wi-Fi Open Mobile business. "We are pleased with the process and the outcome and we believe Tolt makes an ideal home for the Unity business and its customers," said Evan Kaplan, President and CEO of iPass. This marks the culmination of a competitive process initiated in February 2014, providing increased value to iPass shareholders and a natural transition for Unity customers. ( NASDAQ: IPAS), the global Wi-Fi roaming leader, announced today it has completed the successful sale of its Unity Managed Network Services business unit for $28.2 million to Tolt Solutions. REDWOOD SHORES, CA-(Marketwired - Jul 1, 2014) - iPass Inc.
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