Mobile Services Firm iPass Jumps on Takeover Talk (IPAS)
iPass Inc. (NASDAQ: IPAS), a supplier of mobile services like virtual private networking to enterprise customers, is seeing its stock jump following a note from dealReporter that the company “could be up for sale.” iPass had a market cap of…
Secure mobile network access should continue to be in demand at large enterprises as more smartphones and tablets are incorporated into a business’s network. That’s good for companies like iPass, which would benefit from being part of a mobile carrier or enterprise software company looking to offer more a more complete package for corporate customers..
Shares of iPass are up nearly 6% at $2.65 after posting a new 52-week high of $2.69 earlier. The stock’s 52-week low is $1.11.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
