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Mobile Device Management Solutions Provider MobileIron Raises $20M in Series D Funding to Drive Global Growth


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June 02, 2011

Mobile Device Management Solutions Provider MobileIron Raises $20M in Series D Funding to Drive Global Growth

By Rajani Baburajan, TMCnet Contributor

Mobile device management solutions provider MobileIron has just revealed that it has raised $20 million in Series D funding.

According to a press release, the funding will be used to drive rapid global growth, accelerate initiatives for existing and emerging mobile platforms, and meet the rapidly growing worldwide market demand for mobile device management and security.

This growth funding was supported by MobileIron’s current investors, Foundation Capital, Norwest Venture Partners, Sequoia Capital (News - Alert) and Storm Ventures.

The MobileIron platform helps global companies secure and manage mobile devices and apps in an increasingly complex environment. The company has seen its mobile device management platform rapidly grow in recent months, adding 200 enterprise customers in 90 days and increasing its workforce by 30 percent.

“MobileIron manages some of the largest iOS and Android (News - Alert) deployments in the world and, from what we’ve seen among our customers and channel partners, this is only the beginning,” said Bob Tinker, CEO, MobileIron, in a statement. “We are investing in growth to be the go-to leader for enterprise customers for mobile management, security and apps.”

Today’s IT environment is faced with a number of challenges. As enterprises become increasingly mobile, mobile device management becomes crucial. IT needs to fully support multiple operating systems and ensure that enterprise data is secure on both corporate and employee-owned devices, while continuously building and delivering mobile apps.

Mobile device management solutions provided by MobileIron works as the foundation to managing corporate data on mobile devices, and an Enterprise App Storefront has recently been developed to work for app discovery and deployment.

Earlier this month, the company announced it has expanded its presence in Asia by opening an office in Tokyo. The company also announced that Mikio Yanashita, a tech veteran with Cisco and Nokia (News - Alert), joined MobileIron as VP of Sales for APAC & Japan.

Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Jamie Epstein

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