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Millennium Managing Partner Samuel Schwerin Joins the iPass Board of Directors

Millennium Managing Partner Samuel Schwerin Joins the iPass Board of Directors

REDWOOD SHORES, Calif., — January 26, 2010 — iPass® Inc. (NASDAQ: IPAS) today announced that Samuel Schwerin, co-founder and managing partner of Millennium Technology Value Partners, L.P., has joined the iPass board of directors.

“I’m really pleased to have Sam join our board, particularly at a time when iPass can benefit from his strong turnaround and operational expertise,” said Evan Kaplan, president and CEO of iPass. “Sam brings a fresh perspective to the company and I look forward to his contributions as a member of the iPass board of directors.”

“iPass has an exciting opportunity in front of it, especially with the launch of its Open Mobile platform, the expansion of its market opportunity, and the transformation of its business model,” said Schwerin. “I am looking forward to working with Evan and the iPass board to help drive greater shareholder value.”

In 2004 Schwerin co-founded Millennium Technology Value Partners, a private equity organization focused on unique value-centric investments involving leading technology companies, from Zappos to Facebook. He is a seasoned executive with significant experience in investment banking, restructuring, turnarounds, and operational management in roles throughout his earlier career at The Blackstone Group, Salomon Brothers, StorageApps Inc. and OpenPeak Inc. In total, he has completed more than 200 transactions involving $50 billion of principal investments, mergers, acquisitions, restructurings, and debt and equity financings.

About iPass Inc.

Founded in 1996, iPass (NASDAQ: IPAS) is a leading provider of enterprise mobility services with 3,500 customers, including more than 370 of the Forbes Global 2000. The company’s mission is to be enterprise’s champion in the world of mobility by providing services that simply, smartly and openly facilitate access from any device on any network, while providing the visibility and control necessary to support the demands of the enterprise customer. For more information, visit or follow iPass on Twitter at

iPass® is a registered trademark of iPass Inc. Other company names and product or service names mentioned herein are the trademarks of their respective owners.