Google has entered into an agreement to acquire San Francisco-based internet service provider Webpass. The company will be joining forces with Google Fiber, once the acquisition is complete. The transaction is expected to close this summer, subject to customary closing conditions, including regulatory approvals.
Post-acquisition, Webpass will remain focused on rapid deployment of high speed internet connections for residential and commercial buildings, primarily using point to point wireless, said the internet service provider in a statement.
Webpass operates across five major markets in the U.S., and will continue to grow its service in current operational cities of San Francisco, Oakland, Emeryville, Berkeley, San Diego, Miami, Miami Beach, Coral Gables, Chicago, and Boston; adding to Google Fiber’s growing list of operational cities.
“Google Fiber’s resources will enable Webpass to grow faster and reach many more customers than we could as a standalone company”, said Charles Barr, president of Webpass. Mr. Barr had started Webpass 13 years ago.
[Image courtesy: Webpass]