iPass to acquire GoRemote for $76.5M

Remote access provider iPass will pay $76.5 million in an all-cash transaction to acquire GoRemote Communications, a secured managed broadband services provider. iPass currently provides roaming mobility services to business travelers and sales people, while GoRemote targets employees who telecommute from home offices, branch offices and retail locations. iPass is eager to leverage GoRemote's relationships with carriers, cross-sell the companies' product offerings and expand its market reach to GoRemote's branch office and retail customers. iPass said it has been slowly shifting its attention to carriers, ISPs and system integrators. The GoRemote deal will help it do so in the mobile space, especially in the North American market.

For more on the iPass, GoRemote deal:
- see this press release