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iPass Inc. Announces the Appointment of New President and CEO and a New Chairman of the Board Print E-mail
REDWOOD SHORES, Calif.  Nov. 3, 2008 -- iPass Inc., a global provider of services that unify the

management of enterprise mobility, today announced the hiring of Evan L. Kaplan as President and CEO, with Mr. Kaplan to assume that role in mid-November. The board further announced the election of John D. Beletic to serve as Chairman of the Board effective immediately.

Mr. Kaplan and Mr. Beletic are filling positions that Kenneth D. Denman has held since 2001. Mr. Denman is leaving the company to pursue other business opportunities.

Evan L. Kaplan, 49, was Founder, President, CEO and Chairman of Aventail Corporation, a pioneer in the Virtual Private Networking (VPN) equipment and services market and a long time strategic partner of iPass Inc. Evan brings 18 years of experience developing and delivering IP-based communication services for enterprise customers and is the recipient of numerous industry awards including recognition as one of Network World's 50 most Powerful People in the Networking Industry and winner of Ernst and Young's Entrepreneur of the Year for Technology in the Pacific Northwest.

"I am delighted we were able to attract Evan to iPass," said Mr. Denman. "I worked closely with Evan over several years while he led Aventail, an important partner of iPass. I am convinced he has the skills and determination to drive iPass into its next phase of development."

"The board is excited about bringing Evan on board. His deep experience with the customer base, strong understanding of the market and a passion for our technology positions the company well to deliver on the promise of providing comprehensive cost effective broadband access for knowledge workers wherever they travel and work," said Beletic.

john beletic ipass.jpgMr. Beletic added, "Ken led a transformation at iPass. Ken worked tirelessly to develop our broadband technology platform and business model, to partner with dozens of the world's premier broadband providers, to establish our market-leading base of blue-chip enterprise customers, and to streamline our cost structure. Under his leadership, over the last 15 quarters, we transitioned from a company with $153 million of annualized dial revenues and only $20m of annualized broadband/fee revenue in the fourth quarter of 2004 to $35 million of annualized dial revenue and $158 million of annualized broadband/fee revenue in the third quarter of 2008."

"Thanks to the great efforts by everyone on our team, we have accomplished our goals of setting iPass on the path toward sustainable profitability and global leadership. This is the perfect time for me to step aside and I am now looking forward to taking on new opportunities," said Mr. Denman.

John D. Beletic, 57, is a venture partner with Oak Investment Partners, is Chairman of FiberTower Inc and sits on the boards of Tessco Technologies and several private companies. He was previously Chairman and CEO of Tigon, PageMart Wireless and Weblink Wireless.

In June 2008, the board engaged an investment banking firm to help the board review the company's strategic alternatives. After consideration of alternatives, the board unanimously determined to continue to focus on a stand-alone strategy as it strives to maximize shareholder value.


About iPass Inc.

iPass helps enterprises unify the management of remote and mobile connectivity and devices. With iPass software and services, customers can create easy-to-use broadband solutions for their mobile workers, home offices and branch and retail locations, complete with device management, security validation and unified billing. iPass offerings are powered by its leading global virtual network, on-demand management platform, and award-winning client software. The iPass global virtual network unifies hundreds of wireless, broadband and dial-up providers in over 160 countries. iPass customers include General Motors, Nokia, and Reuters. Founded in 1996, iPass is headquartered in Redwood Shores, Calif., with offices throughout North America, Europe and Asia.


Information Source:    Marketwire
Image of John Beletic, courtesy of www.riverlogic.com

 

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