EXHIBIT 99.1
[IPASS LOGO] NEWS RELEASE
EDITORIAL CONTACT:
John Sidline Bryan Parker
iPass Public Relations iPass Investor Relations
650-232-4112 650-232-4170
jsidline@ipass.com bparker@ipass.com
iPASS ACQUIRES SAFE3W
IPASS OBTAINS NEW TECHNOLOGY TO DEEPEN ENDPOINT SECURITY AND EXTEND PROTECTION
TO HOME PCS.
REDWOOD SHORES, CALIF. - OCTOBER 5, 2004 - As part of its Policy Orchestration
initiative, iPass Inc. (NASDAQ: IPAS) announced today the acquisition of Safe3w,
a privately-held Woodbury, NY company that has developed an innovative patented
dynamic device "fingerprinting" technology. When integrated into the iPass
connectivity platform, this technology will help ensure that only trusted
computers - those devices that are identified and known to the IT department,
and protected against identity theft, intrusion, viruses and worms - have access
to corporate networks.
iPass will be working to quickly integrate Safe3w technology into its
connectivity platform. In the near future, iPass intends to offer new service
capabilities to help companies better enforce security on both company-owned
remote and mobile computers as well as employee home PCs - every time they touch
the Internet.
Along with the recently announced iPass Policy Orchestration initiative, this
acquisition of Safe3w extends iPass' leadership from secure global corporate
access into the protection of endpoints across Internet connections. Because
iPass systems touch every user connection request, iPass services can control
the connection state, placing iPass in position to protect workers' computers in
accordance with their company's IT policies.
According to the analyst firm IDC, about two-thirds of U.S. employees will be
mobile workers by the year 2006. This explosion in the number of mobile workers
dramatically increases the need for technologies that protect corporate networks
and the remote computers that access them. Because data and resources stored on
remote computers are also increasing in value, the danger associated with not
keeping these devices secure and up-to-date has reached a critical level.
Safe3w has developed a unique software-based approach that complements iPass'
own technology and service roadmap. Integrating the Safe3w technology together
with the iPass connectivity platform will allow iPass to deepen computer and
network protection by layering device identification and authentication onto the
connection process. This new capability will extend endpoint security in a
unique and compelling way, allowing access control of mobile users to be based
on a combination of three dimensions: Who they are; where they are; and now
which device they are using.
- more -
IPASS ACQUIRES SAFE3W PAGE 2
"The increased productivity of always-on connectivity and enterprise mobility
come with inherent security risks," said Ken Denman, CEO of iPass. "The iPass
Policy Orchestration initiative is being built to address the remote access
security risks facing the enterprise by unifying the operation of multiple
security services into a single mobility solution. The innovative technology
from Safe3w fits naturally into iPass' service strategy and should contribute
substantial value to customers through integration with our leading solutions."
iPass expects to make services based on Safe3w technology available this quarter
to its corporate customers directly and through its diverse array of channel
partners. iPass acquired Safe3w in a cash transaction for $8.5 million. Safe3w
locations in Woodbury, N.Y. and Herzliya, Israel will become iPass offices.
ABOUT IPASS iPass Inc. (NASDAQ: IPAS) delivers enterprises simple, secure and
manageable connectivity services for mobile workers as they move between office,
home, and remote locations. iPass combines its global network of dial-up,
Ethernet and the world's largest Wi-Fi footprint with support for campus
wireless LANs and home broadband connections to deliver a unified and
comprehensive solution. The award-winning iPassConnectTM user interface,
centralized management, leading security features and powerful policy
enforcement make iPass services the choice of hundreds of Global 2000
corporations including Ford Motor Company, John Deere and Mellon Financial.
Founded in 1996, iPass is headquartered in Redwood Shores, Calif., with offices
throughout North America, Europe and Asia Pacific. For more information visit
www.ipass.com.
iPass(R) is a registered trademark of iPass Inc.
The statements in this press release relating to the benefits iPass expects it
and its customers will obtain from iPass' acquisition of Safe3w, the timing of
iPass' integration of the Safe3w technology into iPass' service offerings, and
the new services iPass expects to deliver based on this new technology, are
forward-looking statements that are subject to risks and uncertainties that
could cause results to be materially different than expectations. Such risks and
uncertainties include, but are not limited to: the risk that iPass may encounter
unexpected technical difficulties in integrating the Safe3w technology into
iPass' technology which could delay or prevent the offering of services based on
the Safe3w "device fingerprinting" technology; the risk that security breaches
may still occur despite the use of this device fingerprinting technology by
innovative hackers that develop new methods of avoiding security software; and
the risk that the rate of adoption by enterprises of such technology will not be
as iPass anticipates, which if slow would reduce or eliminate the realization of
the benefits of this anticipated new product. Detailed information about other
potential factors that could affect iPass' business, financial condition and
results of operations is included in the iPass' Quarterly Report on Form 10-Q
under the caption "Factors Affecting Operating Results" in "Management's
Discussion and Analysis of Financial Conditions and Results of Operations,"
filed with the Securities and Exchange Commission (the "SEC") on August 16, 2004
and available at the SEC's website at www.sec.gov. iPass assumes no obligation
to update the information in this press release.
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