GoAmerica shares skyrocketed Tuesday on news that IBM would add the wireless Internet service provider's network service to its mobile technology products. GoAmerica also said it would use IBM to install and support its new Go.Web OnPrem server product. The two companies will jointly develop and market wireless technology for businesses.
The two have been working together since August, when they announced plans to provide wireless technology to GE Power Systems through a customized portal that gives GE employees wireless access to network applications and the Internet. GoAmerica shares closed Tuesday up $1.37, or more than 122 percent, to $2.49, up significantly from their 52-week low of 66 cents. IBM's gained $1.84, or nearly 2 percent, to $121.50. GoAmerica also teamed with Sony in September.