US-based iPass Inc. announced today the acquisition of Israeli-American start-up Safe3w. iPass acquired Safe3w in a cash transaction for $8.5 million. Safe3w's locations in Woodbury, N.Y. and Herzliya, Israel will become iPass offices.
Safe3w has developed a patented "fingerprinting" technology to safeguard enterprise networks.
iPass stated that it will be working to quickly integrate Safe3w technology into its connectivity platform. 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 expects to make services based on Safe3w technology available this quarter to its corporate customers.
According to 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.
Published by Globes [online] - www.globes.co.il - on October 5, 2004