Zenprise Raises $30 Million Funding to Support Mobile Device Management Business
October 12, 2011
By Rajani Baburajan
, TMCnet Contributor
Zenprise (News - Alert), a provider of mobile device management solutions, announced it has raised $30 million in strategic investment led by Silicon Valley venture capital firm Greylock Partners, with participation from all of Zenprise’s existing investors.
The investment will support Zenprise’s rapid growth and accelerate its product development, sales and marketing efforts in order to meet the growing demand for its mobile device management solutions, company officials said.
In conjunction with this funding, Zenprise named Asheem Chandna, partner at Greylock Partners, to the Zenprise board of directors. Asheem has been a partner at Greylock Partners since 2003 and was previously VP of business development and product management at Check Point Software (News - Alert).
Zenprise’s Mobile device management solutions are in great demand as companies seek to balance Bring-Your-Own-Device (BYOD) policies with mobile device, application and data security.
“The invasion of smartphones and tablets into the enterprise has made secure mobile device management a top priority for IT organizations,” said Chandna, in a statement. “We're excited to partner with Zenprise to help build the leading company in this rapidly growing market.”
Zenprise’s family of enterprise-ready mobile device management solutions includes Zenprise MobileManager for on-premise deployments and Zencloud for flexible cloud deployments. They deliver real-time security, scalability, and high-availability across every major mobile platform including iOS, Android, BlackBerry (News - Alert), Symbian and Windows Mobile.
The Greylock-led investment comes on the heels of a particularly active year for Zenprise, company officials said. Zenprise achieved several milestones last year. The company was positioned in the Visionary Quadrant of the 2011 Gartner (News - Alert) Magic Quadrant for Mobile Device Management Software, named Top New Security Vendor by HP at HP Protect 2011 and named a Top 50 Startup Winner by TiE Global.
“This significant investment led by Greylock is a major validation of Zenprise’s strategy and market position,” said Jayaram Bhat, CEO of Zenprise, in a statement. “We look forward to expanding our product capabilities, marketing and sales while helping our customers everywhere confidently deploy and leverage mobile computing infrastructures, applications and data.”
Earlier in September, Zenprise announced the launch of Zenprise Partner Network, designed to ensure “its partners are best-in-class mobility and security solution providers.” By expanding its network, Zenprise hopes to increasingly penetrate the ever-growing mobile device management market, company officials said.
Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.
Edited by Jennifer Russell