A Bloomberg report doing rounds on the internet has confirmed that Mobile Security company MobileIron has put itself for sale and this has increased the price of the company stocks taking them from $0.85 to $6.85 on Thursday last week.
The American software company that offers unified endpoint software to mobile devices was founded in the year 2007 and now has a head count of 950 and began to trade on NASDAQ exchange from June 2014 by raising $100 million in public offering.
Mobile Iron made its first acquisition in April 2020, by acquiring German-based company Incapptic Connect. Since, the technology from the newly attained company has been serving the customers of MobileIron by bring down their application release process from weeks to days by streamlining various components in a precise way.
According to Seeking Alpha, the sale of MobileIron’s products is estimated to be around $203 million from $210 million, and it’s way above the regular revenue estimate of $198.8 million.
Speaking about the accolades, the company was declared as a leader in Gartner’s June 2015 study in Enterprise Mobility Management Segment and was named as the fastest growing technology company on the Deloitte Fast 500 Index. Also, the CIO magazine in 2016, named MobileIron as one of the last remaining standalone EMM vendors along with IBM, SAP , Dell and VMware.
Seeing the technological benefits, MobileIron was chosen as a mobile security partner by Google Cloud to provide a secure enterprise application and service portal.