- Companies
- MobileIron
MobileIron Acquisition, Valuation, Funding & Investors
MobileIron was acquired by Ivanti for $872M in September 2020, a 4.1x multiple on $213M of revenue.
MobileIron acquisition price
$872M
Acquired by Ivanti · Sep 2020
MobileIron revenue at acquisition
$213M
Last twelve months · Sep 2020
MobileIron revenue multiple at acquisition
4.1x
EV/Revenue · Sep 2020
Cumulative funding MobileIron raised
$48M
across 1 funding round
About MobileIron
MobileIron is a Mountain View-headquartered zero-trust security firm founded in 2007 that secures mobile devices, apps, and networks for over 19,000 enterprises including Fortune 500 companies. Acquired by Ivanti in 2020, its UEM platform enforces policies across iOS, Android, Windows, and macOS with threat detection and app wrapping.
Founded
2007
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$213M (Sep 2020)
Valuation
$872M (acquired Sep 2020)
MobileIron Acquisition
MobileIron was acquired by Ivanti for $872M on 28 September 2020.
The acquisition price implies a 4.1x revenue multiple on $213M of revenue.
Before the acquisition MobileIron had raised $48M across 1 funding round.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 28 Sep 2020 | Strategic M&A | $872M | 4.1x |
MobileIron Funding History
MobileIron has raised a total of $48M across 1 funding round.
MobileIron funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2013 | Series F | Northgate Capital; Singtel Innov8; Storm Ventures; Norwest; Sequoia Capital; Toba Capital; Eastlink Capital; Big Basin Partners | $48M | MobileIron, a provider of a purpose-built mobile IT platform for enterprises to secure and manage mobile applications, content, and devices while enabling device choice, privacy, and native user experience, raised $48 million on October 10, 2013, from investors including Big Basin Partners, Eastlink Capital, Northgate Capital, Norwest, Sequoia Capital, Singtel Innov8, Storm Ventures, and Toba Capital. This was one of eight funding rounds totaling $48M in reported funding, though sources confirm the specific $48M amount for this late 2013 round. The company demonstrated rapid growth leading up to and through 2013, with total revenue reaching $105.6 million for the full year 2013, up from $40.9 million in 2012 and $13.9 million in 2011. Gross billings also expanded significantly to $100.8 million in 2013 from $68.0 million in 2012. In 2013, revenue composition included approximately 14% from subscriptions, 66% from perpetual licenses, and 20% from software support and services, noting $21.1 million recognized from perpetual licenses. By late 2013, mobile security had become strategic for customers, with the majority of new customers adopting MobileIron's solutions in Q4. MobileIron went public in 2014 via IPO and was later acquired by Ivanti in an $872 million deal in 2020, with shareholders receiving $7.05 per share. The company served over 20,000 organizations, focusing on mobile-centric security, unified endpoint management, and zero trust approaches in the enterprise mobility space. |
Who has invested in MobileIron?
8 investors have backed MobileIron across its funding rounds, including Sequoia Capital, Norwest, Storm Ventures, Toba Capital, Singtel Innov8 and Northgate Capital.
MobileIron Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Oct 2013 | ||
| 1 | Participant | Oct 2013 | ||
| 1 | Participant | Oct 2013 | ||
| 1 | Participant | Oct 2013 | ||
| 1 | Participant | Oct 2013 | ||
| 1 | Participant | Oct 2013 | ||
This data is available for Pro users. Sign up to see all 8 MobileIron investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by MobileIron
MobileIron has acquired 2 companies to date.
Last acquisition by MobileIron was on May 4th 2020. MobileIron acquired incapptic Connect for $6M.
Latest Acquisitions by MobileIron
| Description | incapptic Connect is a Tel Aviv-based platform automating mobile app releases for enterprises. Launched in 2016, it streamlines deployment pipelines, portfolio management, and compliance for iOS and Android projects. Adopted by Fortune 500 firms in retail, finance, and healthcare, the software reduces time-to-market by integrating with CI/CD tools like Jenkins and GitHub. Its no-code interface supports global brands in scaling digital transformations across hybrid workforces. | Averail is a San Francisco Bay Area provider of secure mobile content management for enterprises. Launched in 2011, its Averail Access platform leverages cloud computing to deliver controlled access to business documents on mobile devices. Backed by Foundation Capital and Storm Ventures, the solution maintains IT oversight for data within managed systems, drawing on expertise from McAfee, Cisco, Symantec, and Microsoft alumni. |
| HQ Country | ||
| HQ City | Berlin | San Jose, CA |
| Deal Date | 4 May 2020 | 16 Apr 2014 |
| Valuation | $6M | $2M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all MobileIron acquisitions and their M&A valuation multiples. Start Free Trial | ||
MobileIron Competitors
MobileIron competitors include listed companies like Rapid7 and Riskified, and private ones like Changyang Tech, Iru, Cape and Corelight.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $167M | - | $861M | 5.2x | ||
| Private | - | - | $850M | - | ||
| Private | - | - | $900M | - | ||
| Private | - | - | $900M | - | ||
| Publicly listed | $860M | $63M | $836M | 1.3x | ||
| Publicly listed | $345M | ($31M) | $833M | 1.6x |
MobileIron Public Comps
MobileIron is no longer listed, but its public comps include Yubico, Rapid7, BeiJing Certificate, Riskified, NSFOCUS, Asiainfo Security, Mitek Systems, CANCOM, Feitian Technologies and OneSpan.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $226M | $19M | 3.3x | 3.2x | 39.7x | 25.6x | |||
| $860M | $63M | 1.3x | 1.3x | 17.4x | 6.8x | |||
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
| $345M | ($31M) | 1.8x | 1.6x | (20.3x) | 19.0x | |||
| $379M | $37M | 2.6x | 2.4x | 26.1x | 25.6x | |||
| $1.2B | ($11M) | 1.2x | 1.1x | (126.2x) | 339.7x | |||
| $180M | $37M | 4.1x | 3.7x | 19.9x | 11.2x | |||
| $2B | $118M | 0.4x | 0.4x | 6.3x | 5.7x | |||
This data is available for Pro users. Sign up to see all MobileIron competitors and their valuation data. Start Free Trial | ||||||||
Common questions about MobileIron
| When was MobileIron founded? | MobileIron was founded in 2007. |
| Where is MobileIron headquartered? | MobileIron is headquartered in San Francisco, CA, United States. |
| Is MobileIron publicly listed? | No, MobileIron was acquired by Ivanti in September 2020. |
| Who acquired MobileIron? | MobileIron was acquired by Ivanti in September 2020. |
| How much was MobileIron acquired for? | MobileIron was acquired for $872M in September 2020, a 4.1x revenue multiple. |
| How much funding has MobileIron raised? | MobileIron has raised $48M across 1 funding round. |
| What was MobileIron's last funding round? | MobileIron's last funding round was a $48M Series F in October 2013. |
| Who are MobileIron's investors? | MobileIron's investors include Northgate Capital, Singtel Innov8, Storm Ventures, Norwest, Sequoia Capital, Toba Capital, Eastlink Capital and Big Basin Partners. |
| Which companies are comparable to MobileIron? | Companies comparable to MobileIron include Changyang Tech, Iru, Cape, Corelight, Rapid7 and Riskified. |
| How many companies has MobileIron acquired? | MobileIron has acquired 2 companies, including incapptic Connect and Averail. |
| What was the largest acquisition by MobileIron? | The $6M acquisition of incapptic Connect in May 2020 is the largest acquisition MobileIron has made to date. |
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