MobileIron Adds 200 Enterprise Mobility Customers in 90 Days and Raises $20M in Series D Funding

MOUNTAIN VIEW, Calif., May 26, 2011 /PRNewswire/ -- MobileIron, the leader in enterprise management and security for mobile devices and apps, today announced its $20 million Series D growth financing round. MobileIron has seen explosive company growth, adding 200 enterprise customers in 90 days and increasing its workforce by 30 percent. All four of MobileIron's current investors, Foundation Capital, Norwest Venture Partners, Sequoia Capital and Storm Ventures, participated in the round. 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.

The MobileIron platform was built from the ground up to help global companies secure and manage mobile devices and apps in an increasingly complex environment. As businesses become increasingly mobile, IT needs to support multiple operating systems at scale, ensure enterprise data is secure on both corporate and employee-owned devices, and build and deliver mobile apps. MobileIron provides the foundation to manage corporate data on mobile devices, and an Enterprise App Storefront for app discovery and deployment. MobileIron was first to market with critical features, including the first Enterprise App Storefront, certificate-based authentication and apps-based network access control. In April, MobileIron was positioned in the Leaders quadrant of Gartner, Inc.'s Magic Quadrant for Mobile Device Management Software 2011.

"MobileIron manages some of the largest iOS and Android 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. "We are investing in growth to be the go-to leader for enterprise customers for mobile management, security and apps."

About MobileIron

Positioned in the Leaders quadrant of Gartner, Inc.'s Magic Quadrant for Mobile Device Management Software 2011, MobileIron is solving the problems CIOs face as business data and applications move to smartphones and tablets. The MobileIron Virtual Smartphone Platform is the first solution to give IT and users real-time intelligence and control over mobile content, activity, and apps in order to secure the enterprise, reduce wireless cost, and improve the mobile user experience. For more information, please visit www.mobileiron.com.

About Foundation Capital

Foundation Capital is a venture capital firm driven by the singular goal of changing the world – about leaving it a better place – by building great companies.  It is this entrepreneurial spirit along with a deep technical expertise that gives the partners the understanding, perspective, and enthusiasm to help promising companies in their formative stages. Foundation Capital targets innovative opportunities in cleantech, consumer Internet and infrastructure; telecommunications and networking; and enterprise software and on-demand services. Foundation Capital maintains investments in nearly 70 ventures, including Calix, Financial Engines, Netflix and Silver Spring Networks. For more information, visit www.foundationcapital.com.

About Norwest Venture Partners

Norwest Venture Partners (NVP) is a leading global investment firm that manages more than $3.7 billion in capital. Headquartered in Palo Alto, California, NVP has subsidiaries in Mumbai and Bengaluru, India and Herzelia, Israel. NVP makes early to late stage venture and growth equity investments in U.S. and global companies across a wide range of sectors including: information technology, business services, financial services, infrastructure, technology enabled services and consumer. NVP has actively partnered with entrepreneurs to build great businesses for more than 50 years and has funded nearly 500 companies since inception. For more information, please visit www.nvp.com.

About Sequoia Capital

Sequoia Capital provides venture capital funding (http://www.sequoiacap.com/us) to founders of startups who want to turn business ideas (http://www.sequoiacap.com/ideas/) into enduring companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of NetApp, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of NVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Dominic Orr and Keerti Melkote of Aruba Networks, Tony Hsieh of Zappos, Omar Hamoui of Admob, Steve Streit of Green Dot and Reid Hoffman and Jeff Weiner of LinkedIn. To learn more about Sequoia Capital visit www.sequoiacap.com/us/mobile.

About Storm Ventures

Storm Ventures was founded in 2000 by a seasoned group of industry veterans with the common vision of sharing our collective experience, passion and energy to help talented and driven entrepreneurs build great companies of enduring value. Storm Ventures focuses on seed and early stage information technology companies which best leverages the team's operational perspective and experience and enables Storm to add value in the critical early stages of a company's development. For more information, please visit www.stormventures.com.

SOURCE MobileIron

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