MobileSpaces, an enterprise mobile security startup company, recently raised $3 million in a Series A financing round led by Accel Partners (News - Alert). The officials from MobileSpaces said the funds will be used to expand the operations of the company. According to the terms of the agreement, Rich Wong (News - Alert), a partner at Accel Partners, will join the MobileSpaces board.
MobileSpaces helps enterprises mobilize their applications, govern their data and respect the privacy of their employees. MobileSpaces offers a Bring Your Own Device (BYOD) policy management solution that protects mobile enterprise data against loss and leakage.
Founded in 2011 as CellSec by experienced enterprise security executives and engineers from McAfee (News - Alert) and Check Point, MobileSpaces is headquartered in Washington, DC.
"Mobile devices are coming to market at such a rate that IT is having difficulty keeping up. 78 percent of U.S. companies allow employees to connect personal devices to enterprise data," says Chris Hazelton, research director, mobile and wireless at 451 Research, in a statement. "The next wave of disruption is coming from mobile apps, so instead of dealing with a couple of different device OSes, IT will need to potentially manage hundreds of different applications. This is why IT is searching for ways to manage mobility at the app layer."
David Goldschlag, CEO of MobileSpaces, commented, "The mobile world is shifting from closed, email-centric devices that are owned by the enterprise, to open, app-centric devices that are selected by the user. MobileSpaces makes it easy for enterprises to govern their apps and data while respecting the privacy of the employee."
Speaking on the investment, Wong said MobileSpaces is part of a new wave of enterprise security companies that are solving this crucial BYOD pain point. He added that the Accel Partners is looking forward to working with MobileSpaces.
Want to learn more about today’s powerful mobile Internet ecosystem? Don't miss the Mobility Tech Conference & Expo, collocated with ITEXPO West 2012 taking place Oct. 2-5 2012, in Austin, TX. Stay in touch with everything happening at Mobility Tech Conference & Expo. Follow us on Twitter.
Edited by Rachel Ramsey