BOINGO TO ACQUIRE ENDEKA, EXPAND TO MILITARY BASES AND FEDERAL TRAINING CENTERS
Company Provides Wireless Broadband and IPTV Services for Troops, Officers, Staff, Trainees, and Concessions
LOS ANGELES – February 21st, 2013 – Boingo Wireless (NASDAQ: WIFI), the Wi-Fi industryâ€™s leading provider of software and services worldwide, today announced that it has signed a merger agreement to acquire Endeka, a provider of commercial Wi-Fi, VoIP and IPTV services to military bases and federal law enforcement training facilities. Terms of the deal were not disclosed.
â€śEndekaâ€™s military specialization focuses on large populations of enlisted men and women who are Internet-hungry users and are clamoring for high-quality broadband,â€ť said David Hagan, President and CEO of Boingo Wireless. â€śTheir portfolio of venues and management team are natural additions to our managed network business.â€ť
â€śBoingoâ€™s experience and resources will help us scale to meet the opportunity ahead of us,â€ť said Tim Rout, President and founder of Endeka. â€śExtending the value of our broadband subscription services with global Wi-Fi roaming capabilities will further differentiate our offering to military bases and federal law enforcement centers.Â The combined services will contribute significantly to morale and welfare of the troops, wherever they are.â€ť
Endeka (http://endekagroup.com/) will operate as a wholly owned subsidiary of Boingo Wireless, Inc.
About Boingo Wireless
Boingo Wireless, Inc. (NASDAQ: WIFI), the worldâ€™s leading Wi-Fi software and services provider, makes it easy, convenient and cost-effective for people to enjoy Wi-Fi access on their laptop or mobile device at more than 600,000 hotspots worldwide. With a single account, Boingo users and Boingoâ€™s wholesale partners can access the mobile Internet via Boingo Network locations that include the top airports around the world, major hotel chains, cafĂ©s and coffee shops, restaurants, convention centers and metropolitan hot zones. Boingo, through its Concourse Communications Group subsidiary, operates Wi-Fi and/or Cellular DAS networks at large-scale venues worldwide such as airports, major sporting arenas, malls, and convention centers, as well as restaurants and retail establishments. The companyâ€™s Cloud Nine media platform enables brand advertisers to reach a captive audience through high engagement Wi-Fi sponsorships. For more information about Boingo, please visit http://www.boingo.com and http://cloudnine.com.
Boingo Wireless, Inc.
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