Telecom Lead @ Mobile World Congress 2013: AirWatch has secured $200 million Series A investment.
The equity infusion is led by Insight Venture Partners.
The mobile enterprise market is experiencing explosive growth, and AirWatch has emerged as the market’s leading device management solution, without raising any outside capital.
Jeff Horing, managing director, Insight Venture Partners, said: “As the first institutional investors we hope to support AirWatch’s strong growth trajectory and further strengthen the company’s leadership in the field.”
The company will use the fund for strategic acquisitions, accelerate growth and drive innovation and adoption of Secure Content Locker — AirWatch’s content collaboration solution.
READ Mobile World Congress 2013 HERE
AirWatch claims that is expanding with more than 500 new clients per month.
Its manages the largest mobile management deployments for the top three global Fortune companies, the top four global energy companies, six of the top 10 global airlines, six of the top 10 global pharmaceutical companies, seven of the top 10 global consumer product companies, five of the top 10 global luxury goods companies, two of the top three global hotel groups, nine of the top 10 U.S. retailers, and three of the top five U.S. medical device companies.
“With an enhanced balance sheet and greater financial strength providing much more stability than our competition, this investment is a significant step to reinforce our solutions during a critical market pivot,” said John Marshall, president and CEO, AirWatch.
