Further indications that the Mobile Device Management (MDM) space is rapidly expanding have most recently been given in the completion of a financing round for one of the top four MDM companies: MobileIron. MobileIron’s most recent funding round was led and closed by Institutional Venture Partners for around $40 million.
MobileIron states that it intends to use this round of financing to push for global growth outside the U.S. The rapid international growth of the MDM space is indicative of the shift in businesses toward a more mobile workforce. Strong MDM allows organizations to achieve this mobility without sacrificing security.
