SiliconBeat

It looks like iPass has yet another large investor with a track record of kibitzing in corporate affairs. The Redwood City maker of business-mobility software already is dealing with a proxy battle seeking to make all its directors stand for election every year along with a rival slate of director nominees from Foxhill Master Fund, which has amassed 4.17 million shares of iPass, or 6.7 percent of its shares outstanding.

Now Ramius, the New York hedge fund that earlier this year convinced Actel of Mountain View to expand its board and nominate directors of its choice to the chip maker’s board, today disclosed owning 3.1 million iPass shares, or about 5.1 percent.

Ramius, which reports paying $3.3 million dollars, or about $1.06 per share, for the stake between Feb. 10 and April 8, denies having any present plan or proposal of its own in mind for iPass. Earlier this month the investor was unsuccessful in its efforts to replace four of the directors on the board of medical device maker Orthofix International.

Shamrock Capital, the investment company that manages the personal wealth of Roy Disney and his family, battled unsuccesfully with the iPass board in 2008 in an effort to get the company to sell itself. The company sold off about a third of its holdings during the fourth quarter of 2008, according to Bloomberg Financial records, but still holds 6.1 million shares, or 9.8 percent.