M&A Deal Summary

Pareteum Acquires iPass

On November 12, 2018, Pareteum acquired internet software and services company iPass

Acquisition Highlights
  • This is Pareteum’s 2nd transaction in the Internet Software and Services sector.
  • This is Pareteum’s 2nd transaction in the United States.
  • This is Pareteum’s 1st transaction in California.

M&A Deal Summary
Date 2018-11-12
Target iPass
Sector Internet Software and Services
Buyer(s) Pareteum
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Cooley (Legal)

Target

iPass

Redwood Shores, California, United States
iPass, Inc. has been a pioneer in connectivity technology for 20 years. The company’s SmartConnect technology enables wireless users to automatically transition between Wi-Fi and cellular so they can stay connected to work – and life – on the go. This technology also lets businesses gather rich insights based on customer location. By incorporating both Wi-Fi and GPS signals, iPass delivers the industry’s most accurate location data, so that businesses can better understand their customers and create more value.

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Buyer(S) 1

Buyer

Pareteum

New York, New York, United States
Category Company
Founded 1962
Sector Internet Software and Services
Employees199
Revenue 69M USD (2020)
DESCRIPTION

Pareteum is a rapidly growing Global Software Defined Cloud company with a mission to connect “every person and everything.” Organizations use Pareteum to energize their growth and profitability through our Global Software Defined Cloud and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. Our cloud platform services partners (technologies integrated into our cloud) include HPE, IBM, Ribbon Communications (Sonus+GenBand), NetNumber, Oracle, Microsoft, and other world-class technology providers. All of the relevant customer-acquired value is derived from Pareteum’s leading Global Software Defined Cloud, delivering award-winning mobile enablement, regardless of the user’s location or network. By harnessing the value of communications, Pareteum serves retail, enterprise, and IoT customers. Pareteum currently has offices in New York, São Paulo, Madrid, Barcelona, Bahrain, Singapore, Indonesia, Germany, Belgium, United Kingdom, and the Netherlands. Pareteum was founded in 1962 and is based in New York, New York.

DEAL STATS #
Overall 4 of 6
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 4 of 6
State (California) 1 of 2
Country (United States) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Telnicity

Oklahoma City, Oklahoma, United States

Telnicity LLC is a provider of ASP-based billing systems that enable communications resellers to sell multiple telecom services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 Devicescape Software

San Francisco, California, United States

Devicescape Software, Inc. is a mobile location and engagement solutions provider. Devicescape uses Wi-Fi beacon network to deliver the power of high-accuracy consumer presence detection to app and SDK publishers. Devicescape Software, Inc. was founded in 2001 and is based in San Francisco, California.

Buy -
Mergr

Product

Company

Legal