iPass Inc. provides cloud-based mobility management and network connectivity services to enterprises and telecommunication carriers in the United States and internationally. iPass is a commercial Wi-Fi network, covering approximately 120 countries and territories and selling to approximately 700 large corporations, telecom service providers and other strategic partners worldwide. Strategic Mobility Assets Open Mobile Platform: The company’s Open Mobile (OM) platform is a cloud-based mobility management platform that securely manages network connectivity and subscribers across various computing and mobile devices and provider networks. The company’s Open Mobile platform has the following key characteristics and functionality: an always-on, lightweight software agent that runs on an array of devices, including smartphones, tablets, and laptops running operating systems, including Android, the Apple (iOS), Windows and Macintosh; a cloud-based platform that allows businesses to configure and manage its mobility offering by providing in-depth reporting and analytics on mobile usage across the networks and devices used by the employees; and policy enforcement services that enable its customers to have their costs, compliance and security measures enforced across their mobile workforce. The company exited 2014 with 814,000 active monthly users on its OM platform. Integrated Authentication Fabric: The company has an authentication fabric of integrated servers and software that is interconnected with approximately 150 unique global Wi-Fi networks. The company’s technology architecture is designed to: integrate with existing enterprise security, directory, and business systems; integrate with any Wi-Fi network, whether customer-owned networks or third-party provider networks; embrace new access methods, devices, and applications; and support scalable unique users, authentications, and Wi-Fi enabled sessions across both its paid and unpaid footprint. Global Wi-Fi Footprint: The company has a Wi-Fi network footprint and supply chain that consists of approximately 18 million hotspots in 120 countries and territories, including major airports, convention centers, airplanes, trains, train stations, hotels, restaurants, retail, and small business locations. The company’s paid Wi-Fi footprint supported 5.8 million usage hours and 6.4 million network sessions in 2014 on an average of approximately 96,000 unique monthly Wi-Fi network users. Business Portfolio In 2014, the company entered into an agreement and completed the sale of its Unity Managed Network Services business unit (Unity business). The company has a single reportable operating segment, Mobility Services, comprising two service offerings: Open Mobile Enterprise Services, and Open Mobile Exchange. 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 network provides its enterprise and carrier customers access to approximately 18 million global commercial Wi-Fi hotspots in 120 countries and across Wi-Fi venues. Platform Services: The company’s cloud-based Open Mobile Platform enables enterprise users to connect from most mobile devices over a range of networks. Open Mobile Exchange (iPass OMX or OMX): The company provides its iPass OMX to strategic partners that incorporate iPass OMX into their core products and services, geared for the mass market. iPass OMX strategic partners include global OEMs (Original Equipment Manufacturers), premium brand partners, software product and service providers, and telecom carriers. Strategy The company’s strategy consists of the following key elements and initiatives specific to its OM service offering: increased penetration in existing customers; invest in sales and marketing programs to increase brand awareness; and continue to optimize the end user experience. 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 The company sells its services directly through its global sales force and indirectly through its reseller and carrier partners. It 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 from continuing operations were $11.9 million in 2014. Intellectual Property The company has a patent portfolio, related to its Mobility Services, 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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