iPass goes public and GRIC reports good earnings: In a conveniently timed twofer, iPass went public, raising $100M and producing a market cap of $1 billion; GRIC reported earnings which show them in a good cash position, almost stanching losses entirely, and poised for additional growth.
Oddly, the GRIC release refers to them deploying and buidling a network, when, in my understanding, they deploy their hardware to partner networks but aren't building infrastructure at all.
Both companies rely on other firms for service and their combined market cap is probably larger than the vast majority of their partner ISPs combined.