iPass is buying rival GoRemote for $76.5 million.

The buyout will create a package of authentication, reporting, management, and device administration services for employees on the road, in branch offices or working from home.

Both companies offer an array of managed services. iPass has focused on secure connectivity. GoRemote has made its mark with similar services, but targeting branch offices and employees working from home.

The deal is a cash offer for GoRemote stock. The combined company will have annual revenues of over $200 million, said CEO of iPass, Ken Denman. It should be finalised by March.

This is the third acquisition for iPass in the past year. Previously, the company bought Safe3w, which makes software for device authentication, and Mobile Automation, which specialised in mobile device management.

The GoRemote purchase will see a number of redundancies.