3Com Agrees to Make Equity Investment In CAIS Internet to Develop and Market Joint High-Speed Internet Access Services to the Hospitality Industry.Business & Technology Editors WASHINGTON/SANTA CLARA CLARA Clairemont Amateur Radio Association , Calif.--(BUSINESS WIRE)--March 20, 2000 Focused on Application Service Providers for Exploding Worldwide Market; Solutions Simplify Internet Access See how to access the Internet. to Millions of Travelers To meet the growing needs of people to access the Internet for information and services while on the road, 3Com Corporation (Nasdaq:COMS COMS 3Com Corporation (stock symbol) COMS Certified Orientation and Mobility Specialist COMS Continuous Opacity Monitoring Systems COMS City of Manchester Stadium (UK) ) today announced that it has agreed to make a US$20 million strategic equity investment in Washington, D.C.-based CAIS CAIS - Common APSE Interface Specification Internet (Nasdaq:CAIS), the world leading provider of broadband solutions and application services See ASP and Web services. in the visitor-based-networking market. 3Com is creating an alliance with CAIS to enhance visitor-based network (VBN See visitor-based networking. ) solutions to facility providers of hotels, airports and other public places. Through technological innovation, a focused partnership and strategic investments, 3Com will work with CAIS to further drive the deployment of high speed Internet access at CAIS-contracted hotels, airports, convention centers, corporate lobbies, restaurants, cruise ships This is a list of cruise ships, both those in service and those that have since ceased to operate. Both cruise ships and cruiseferries are included in this list. (Ocean liners are not included on this list, see List of ocean liners. , public kiosks and service-oriented businesses, such as hotel business centers. "People want access to information anytime, anywhere," said Eric Benhamou, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 3Com. "Our alliance with CAIS -- a leader in its industry -- will make it easy for travelers to get access to the information they need while on the road." "3Com is a leader in networking, and we believe this joint CAIS/3Com partnership complements CAIS's market position to define the hotel business traveler visitor-based network and connectivity market," said Ulysses G. Auger auger (ô`gər): see drill. auger Tool (or bit) used with a carpenter's brace for drilling holes, usually in wood. It looks like a corkscrew and produces extremely clean holes, almost regardless of how large the bit is. II, CEO, CAIS Internet. "CAIS has the lion's share of master agreements to deliver broadband solutions and portal to hotels, and we're pleased to offer a scaleable platform that expands for value-added services like those we will jointly develop and market with 3Com." Burgeoning Market The market for faster, worry-free remote access is an unstoppable trend. The interest in VBNs is growing as hotels and other facilities differentiate themselves with better Internet access services for guests. Businesses as diverse as airports and copy centers will be able to tap new revenue by offering Internet access services for the first time. "We have the talent, innovative technology, product portfolio, world-wide presence and brand awareness to lead in this market," said Amir Eldad, vice president for visitor-based networking A network that provides temporary Internet access in hotels, airports, convention centers and other public venues. Connections are typically wired or wireless Wi-Fi (Ethernet), which makes it convenient for travelers with laptops or handheld devices to obtain e-mail and Web access. at 3Com. "With a clear strategy and strategic partners like CAIS -- a leader with 10 years' Internet service experience -- we are well-prepared to drive the evolution of visitor-based networking." 3Com expects to close the equity investment and commercial agreement promptly upon receiving regulatory clearances and execution of a definitive commercial agreement. About CAIS Internet CAIS Internet, Inc. (Nasdaq:CAIS) is a leading broadband solutions company. CAIS provides customers with comprehensive Internet solutions while at home in apartments, at work in small-to-medium businesses, or on-the-go at hotels, airports, travel plazas, cruise ships, and retail stores. Whether it's an innovative solution for DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary & leased-line dedicated access, creating an in-building network for multiple users, or providing a public area Internet kiosk, the company delivers a cost-effective, easy and convenient Internet experience. The customer experience is the result of a one-stop, integrated solutions package of innovative CAIS network access and technologies, award-winning IPORTTM software, customer support, portal content, and systems. About 3Com Corporation With more than 300 million customer connections worldwide, 3Com Corporation connects more people and organizations to information and each other in more innovative, simple and reliable ways than any other networking company. 3Com delivers web-enabled solutions to consumers, small- to medium-sized business locations and network service providers. For more information, visit 3Com's web site @ www.3com.com/pressbox. |
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