IPass Inc. (IPAS)

[Bayguy]

REDWOOD SHORES, CA -- (Marketwired) -- 11/06/14 -- iPass Inc. (NASDAQ:IPAS), the global Wi-Fi roaming leader for enterprises and telecom service providers, today announced financial results for the third quarter ended September 30, 2014.

Open Mobile revenue for the third quarter of 2014 was $14.6 million compared with $14.4 million in the second quarter of 2014 and $12.5 million in the third quarter of 2013.

"Public Wi-Fi access continues to grow in importance as a must have service in an 'always connected' world and we continue to lead the evolution as a key strategic partner to enterprises, network providers, hardware manufacturers and service providers," said Evan Kaplan, president and chief executive officer of iPass. "In recent weeks we announced an agreement with HP to provide consumers purchasing select notebook and tablet PCs in Asia Pacific and Japan with access to our now over 15 million global hotspots. And 15 million is only the beginning as we continue to focus on network expansion. I believe in the not too distant future, we will see a roamable network of more than 100 million hotspots that will effectively blanket high density areas with reliable Wi-Fi coverage to meet users' growing demand. In terms of growing demand, we exited the quarter in September with nearly 800,000 OM active platform users, 86,000 OM Wi-Fi Network users and the highest consumption of total Wi-Fi usage we've seen in several years."

Read more: http://www.nasdaq.com/press-release/ipass-reports-sequential-om-revenue-growth-in-the-third-quarter-2014-20141106-01832#ixzz3IKxZ8500