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iPhone apps for company-internal use - possible?

As a developer, I can sign up with Apple to develop and sell applications through Apple store. I think there may be ways for companies to setup company-wide applications so that those applications can only be deployed, downloaded, updated and used within a company. Is that true?

If so, does any one have experience to develop application within a company for iPhone? What's the procedure? Is it possible to set up a company Store for deploying and using applications? If there is any price related to this kind of service? and how much if it is possible?

+2  A: 

That's correct, there's an iPhone developer program for enterprises.

Graham Lee
+1  A: 

Hi David, this link should get you started: http://www.apple.com/iphone/business/

Actually there's a special enterprise development program, which costs $299 per year. It allows in-house development.

Henrik P. Hessel
A: 

I have answered for a similar question here.

Michael Kessler