MobileIron secures $40 million funding for growth and product innovation

Telecom Lead America: MobileIron, a provider of
mobile IT security and management for apps, content, and devices, has secured
$40 million in Series E financing round.

The additional funding will be used to accelerate growth
and drive product innovation.

The investment was led by Institutional Venture Partners.
Existing investors Foundation Capital, Norwest Venture Partners, Sequoia
Capital, and Storm Ventures also joined.

The round brings MobileIron’s total funding to $97

“Mobile is driving a massive shift within the
enterprise. IT departments are reorganizing themselves to focus on Mobile IT.
Mobile apps, content, and devices are becoming the strategic computing platform
for their users,”” said Bob Tinker, CEO, MobileIron.

“The market for mobile device management and
security software is experiencing explosive growth. MobileIron has achieved
extraordinary customer traction and has emerged as the most dynamic player in
this space,” said Norm Fogelsong, General Partner at Institutional Venture
Partners (IVP).

Available as an on-premise or a cloud solution,
MobileIron was purpose-built to secure and manage mobile apps, data, and
devices for global companies. MobileIron was the first to deliver key
innovations such as multi-OS mobile device management (MDM), mobile application
management (MAM), and BYOD privacy controls.

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