Suresh Batchu founded MobileIron raises $16 Millon
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Bangalore: California based MobileIron, a provider of multi-OS smartphone management solutions, has raised $16 million in the third round of financing. The round was led by Foundation Capital, who joined the existing investors Norwest Venture Partners, Sequoia Capital, and Storm Ventures. Last year the company has raised $9 million. Founded in 2007, MobileIron will use the fund to support business expansion and investment in innovation. As smartphones and other mobile devices such as iPads become more pervasive computing platforms, IT departments have recognized that they cannot address and manage mobile devices the same way they do computers. The MobileIron Virtual Smartphone Platform allows the companies to manage smartphone data, privacy, security, and cost across multiple operating systems using a single technology solution. "Enterprise mobility is a big market and this investment recognizes MobileIron's leadership," said Bob Tinker, CEO of MobileIron. "Foundation brings significant experience and expertise to the table and we're honored to have them as an investor. We're excited about the next phase of our company's growth and continuing our work with our partners and customers to develop technology that solves real business problems," he added. "We're really excited about the opportunities for mobility in the enterprise and think MobileIron is ideally positioned for growth," said Paul Holland, General Partner, Foundation Capital. "In less than a year, MobileIron has established an impressive track record of innovation and customer momentum and it's clear to us that the company is poised to be a major player in enterprise mobility as the market matures."

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