Boingo to Acquire Endeka, Expand to Military Bases and Federal Training
Company Provides Wireless Broadband and IPTV Services for Troops, Officers,
Staff, Trainees, and Concessions
LOS ANGELES, Feb. 21, 2013 (GLOBE NEWSWIRE) -- Boingo Wireless (Nasdaq:WIFI),
the Wi-Fi industry's leading provider of software and services worldwide,
today announced that it has signed a merger agreement to acquire Endeka, a
provider of Wi-Fi, VoIP and IPTV services to military bases and federal law
enforcement training facilities. Terms of the deal were not disclosed.
"Endeka's military specialization focuses on large populations of enlisted men
and women who are Internet-hungry users and are clamoring for high-quality
broadband," said David Hagan, President and CEO of Boingo Wireless. "Their
portfolio of venues and management team are natural additions to our managed
"Boingo's experience and resources will help us scale to meet the opportunity
ahead of us," said Tim Rout, President and founder of Endeka. "Extending the
value of our broadband subscription services with global Wi-Fi roaming
capabilities will further differentiate our offering to military bases and
federal law enforcement centers. The combined services will contribute
significantly to morale and welfare of the troops, wherever they are."
Endeka (http://endekagroup.com/) will operate as a wholly owned subsidiary of
Boingo Wireless, Inc..
About Boingo Wireless
Boingo Wireless, Inc. (Nasdaq:WIFI), the world's leading Wi-Fi software and
services provider, makes it easy, convenient and cost-effective for people to
enjoy Wi-Fi access on their laptop or mobile device at more than 600,000
hotspots worldwide. With a single account, Boingo users and Boingo's wholesale
partners can access the mobile Internet via Boingo Network locations that
include the top airports around the world, major hotel chains, cafés and
coffee shops, restaurants, convention centers and metropolitan hot zones.
Boingo, through its Concourse Communications Group subsidiary, operates Wi-Fi
and/or Cellular DAS networks at large-scale venues worldwide such as airports,
major sporting arenas, malls, and convention centers, as well as restaurants
and retail establishments. The company's Cloud Nine media platform enables
brand advertisers to reach a captive audience through high engagement Wi-Fi
sponsorships. For more information about Boingo, please visit
http://www.boingo.com and http://cloudnine.com.
Boingo, Boingo Wireless, the Boingo Wireless Logo and Don't Just Go. Boingo
are registered trademarks of Boingo Wireless, Inc. All other trademarks are
the properties of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" that involves risks,
uncertainties and assumptions. Forward-looking statements can be identified by
words such as "anticipates," "intends," "plans," "seeks," "believes,"
"estimates," "expects" and similar references to future periods. These
forward-looking statements include the quotations from management in this
press release, as well as any statements regarding Boingo's strategic plans
and future guidance. Forward-looking statements are based on the company's
current expectations and assumptions regarding its business, the economy and
other future conditions. Since forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict. The company's actual results may
differ materially from those contemplated by the forward-looking statements.
Important factors that could cause actual results to differ materially from
those in the forward-looking statements include regional, national or global
political, economic, business, competitive, market and regulatory conditions,
as well as other risk and uncertainties described more fully in documents
filed with or furnished to the Securities and Exchange Commission ("SEC"),
including Boingo's Form 10-K for the year ended December 31, 2011 filed with
the SEC on April 13, 2012 and Form 10-Q for the quarter ended September 30,
2012 filed with the SEC on November 14, 2012. Any forward-looking statement
made by Boingo in this press release speaks only as of the date on which it is
made. Factors or events that could cause the company's actual results to
differ may emerge from time to time, and it is not possible for Boingo to
predict all of them. Boingo undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information, future
developments or otherwise, except as may be required by law.
CONTACT: Katie O'Neill
Boingo Wireless, Inc.
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