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iPass : Launches Veri-Fi Suite of Mobile Device Analytics and Big Data Services

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11/10/2017 | 01:26pm CEST

(GlobeNewswire) - iPass Inc. (NASDAQ:IPAS), a leading provider of global mobile connectivity, today announced the launch of its Veri-Fi suite of mobile device analytics and big data services, and confirmed that one of the worlds most widely recognized mobile operators has recently signed a subscription to Veri-Fi data with annualized recurring revenue (ARR) over $1M. Leveraging the worlds largest Wi-Fi network, 62 million hotspots in 180 countries and territories, Veri-Fi collects more than 150 network-related parameters, including device location and operating system, as well as hotspot names, locations, venue types and network performance. This data can help iPass customers and prospects create new applications and services from iPass technology, broadening iPass reach and addressable market not only to network providers, but also to retail, fintech, advertising, hospitality, and app developers.

The Veri-Fi suite includes the following services:

Veri-Fi Wi-Fi Analytics provides coverage heatmaps and analytical data to show how and where users are connecting to and disconnecting from Wi-Fi. Veri-Fi Wi-Fi Analytics data also show the percentage of cellular vs. Wi-Fi usage, as well as quality of service scores. This data can be used by network providers to measure device behavior in real time, thus helping them to optimize network performance and reduce network cost, while improving quality of service.

Veri-Fi Device Data provides comprehensive real-time device data, including device location, connected hotspot, device type, operating system and version. This data can be used by network operators to measure network performance, and by a broad range of other customers to gain insight into mobile device behavior, such as where devices visit, how long they stay in a location, and where they visit next.

Veri-Fi Hotspot Data enables sophisticated location-based ad-tech applications by augmenting the location information provided by devices. Veri-Fi Hotspot Data can also be used to drive powerful location-based ad platforms.

Two years ago, we started the transformation of iPass from a reseller of Wi-Fi services to a software and technology company. The flagship of this transformation is iPass SmartConnect, data-driven software that keeps customers always best connected, said Gary Griffiths, iPass CEO. Having assembled the worlds largest Wi-Fi network, we know a lot about Wi-Fi hotspots and the devices that connect to them. Veri-Fi harnesses the data gleaned by iPass SmartConnect, re-packaging and re-purposing it to address the needs of a new set of potential customers.

About iPass

iPass (NASDAQ:IPAS) is a leading provider of global mobile connectivity, offering simple, secure, always-on Wi-Fi access on any mobile device. Built on a software-as-a-service (SaaS) platform, the iPass cloud-based service keeps its customers connected by providing unlimited Wi-Fi connectivity on unlimited devices. iPass is the worlds largest Wi-Fi network, with more than 62 million hotspots in more than 180 countries and territories where iPass customers have connected successfully at airports, hotels, train stations, convention centers, outdoor venues, inflight, and more. Using patented technology, the iPass SmartConnect platform takes the guesswork out of Wi-Fi, automatically connecting customers to the best hotspot for their needs. Customers simply download the iPass SmartConnect app to experience unlimited, everywhere, and invisible Wi-Fi.

iPass is a registered trademark of iPass Inc. Wi-Fi is a registered trademark of the Wi-Fi Alliance.

Media ContactKewal VariaSpark CommunicationsTel: 020 7436 0420Email:[email protected]

IR ContactsKirsten Chapman / Becky HerrickLHA Investor [email protected]

(c) 2017 | NMH Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 53,6 M
EBIT 2018 -7,38 M
Net income 2018 -7,48 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 58,21
Capi. / Sales 2018 0,49x
Capi. / Sales 2019 0,39x
Capitalization 26,4 M
Duration : Period :
iPass Inc. Technical Analysis Chart | IPAS | US46261V1089 | 4-Traders
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 1,45 $
Spread / Average Target 272%
EPS Revisions
Gary A. Griffiths President, Chief Executive Officer & Director
Michael J. Tedesco Chairman
Darin R. Vickery Chief Financial Officer, Secretary & VP
David E. Panos Independent Director
Justin R. Spencer Independent Director
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