CAIS Picks Up Internet Kiosk Firm
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CAIS Internet Monday made an acquisition targeting Internet users who are always on the go.
The Washington, D.C.-based broadband company bought out kiosk network operator QuickATM, an Internet access kiosk network operator.
The deal procures QuickATM's network of 165 QuickAid Internet access kiosks in 11 major metropolitan airports and 10 train stations nationwide. The acquisition enhances CAIS's ability to integrate its traveler access services with a major kiosk-based expansion into additional public markets.
Ulysses G. Auger II, CAIS (CAIS) chief executive officer, the move enhances its ability to deliver broadband Internet solutions and business applications to travelers.
According to Summit Research, Inc., the Internet kiosk market is expected to grow more than 80 percent in the U.S. annually over the next three years to nearly 100,000 units installed by 2002. The independent research firm further projects that international market growth will be even more dramatic, reaching over 250,000 installed kiosks by 2002.
QuickATM is one of the oldest operators of public access Internet kiosks in the U.S. In addition to and operating its own kiosk network, QuickATM designs and builds custom kiosks served with proprietary kiosk software applications.
CAIS Internet intends to merge QuickATM's kiosk business into its CAIS Software Solutions subsidiary, which markets IPORT public access software and central management services.
Steve Nye, CAIS Software Solutions president, said the deal underscores its commitment to provide high-speed ubiquitous Internet access services to its target markets.
"By developing a large, national kiosk network CAIS is positioned to provide integrated solutions, drive rapid growth in kiosk deployment and acceptance, and be one of the first to provide a platform for growing public access products and services," Nye said.
CAIS Internet has master agreements to target its broadband services to more than 10,000 properties nationwide including meeting room for major hotels and access solutions to more than 1.3 million guest rooms and apartments.