From the Wires
AirWatch, Global Enterprise Mobile Management Leader, Secures $200 Million Series A Investment
By: Business Wire
Feb. 24, 2013 11:01 AM
AirWatch®, the global leader and innovator in mobile device security and Enterprise Mobile Management (EMM) technology, today announced at Mobile World Congress the closing of a $200 million Series A investment. The equity infusion, led by Insight Venture Partners, will be used to fund strategic acquisitions, accelerate global growth and drive innovation and adoption of AirWatch's content collaboration solution, Secure Content Locker™. The AirWatch platform, featuring industry-leading mobile device management and application management, also incorporates the most secure content management solution. These solutions can be used stand-alone for unique BYOD requirements or as a comprehensive, highly scalable enterprise-grade mobility platform.
AirWatch is rapidly expanding with more than 500 new clients per month, continually delivering first-to-market mobile innovations and product capabilities. AirWatch manages the largest mobile management deployments for the top three global Fortune companies, the top four global energy companies, six of the top 10 global airlines, six of the top 10 global pharmaceutical companies, seven of the top 10 global consumer product companies, five of the top 10 global luxury goods companies, two of the top three global hotel groups, nine of the top 10 U.S. retailers, and three of the top five U.S. medical device companies.
“With an enhanced balance sheet and greater financial strength providing much more stability than our competition, this investment is a significant step to reinforce our solutions during a critical market pivot,” said John Marshall, president and CEO, AirWatch.
“We’ve had outstanding success building the industry leader with no outside capital,” added Alan Dabbiere, chairman, AirWatch. “Insight recognized our achievements to date and is excited to collaborate to simplify enterprise mobility. This funding will allow us to continue to build the most flexible and innovative enterprise mobile management solutions in the world.”
AirWatch’s mobile device security and EMM technology ensures enterprise mobility deployments are secure and that corporate information is protected. AirWatch’s advanced features and integrated technology partnerships provide end-to-end security that extends to the user, device, application, content, data and network levels.
John Marshall and Alan Dabbiere teamed up to create AirWatch, which was founded in 2003. Dabbiere also founded Manhattan Associates, the leading supply-chain logistics software provider, which he shepherded through an initial public offering in 1998.
“We’re excited to partner with John, Alan and the terrific AirWatch team,” said Jeff Horing, managing director, Insight Venture Partners. “The mobile enterprise market is experiencing explosive growth, and AirWatch has emerged as the market’s leading device management solution, without raising any outside capital. As the first institutional investors we hope to support AirWatch’s strong growth trajectory and further strengthen the company’s leadership in the field.”
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AirWatch is the global leader and innovator in mobile security and enterprise mobile management with 6,000 customers and 1,200 global associates. The largest customer base, combined with the largest research and development team in the industry, allows AirWatch to provide the broadest functionality at the lowest cost. www.air-watch.com
About Insight Venture Partners
Insight Venture Partners is a leading venture capital and private equity firm investing in eCommerce, Internet, on-premise and SaaS-based software and data-services companies. Founded in 1995, Insight has raised more than $5 billion and made more than 150 investments worldwide. Our mission is to find, fund and work successfully with visionary executives who are driving change in their industries. We provide founders with practical, hands-on growth expertise to foster long-term success. For more information, visit www.insightpartners.com and follow us on Twitter at @insightpartners
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