MDM software firm MobileIron reportedly prepping IPO


Bloomberg reports MobileIron, a leading player in the growing enterprise mobile device management (MDM) software space, is working with Goldman and others on a ~$150M IPO. Sources provide a broad potential valuation range of $1B-$2B.

VMware recently bought MobileIron rival AirWatch for $1.54B. SAP, Citrix, BlackBerry, IBM, and private Good Technology also compete in this space. Gartner thinks the MDM market could be worth $1.6B in 2014, up from a 2012 level of $784M.

MobileIron was reportedly valued at ~$600M in a 2012 funding round.

Comments (5)
  • LYogi
    , contributor
    Comments (3173) | Send Message
     
    The mobile iron valuation, whatever it ends up being, will serve as another indication of the value of BES which is severely undervalued by the market at present.
    10 Feb 2014, 06:55 PM Reply Like
  • pjews
    , contributor
    Comments (916) | Send Message
     
    It looks like JC is changing the complete gard at Blackberry Ltd. I hope it's for the better.
    10 Feb 2014, 07:21 PM Reply Like
  • Traderzz
    , contributor
    Comments (10) | Send Message
     
    i totally agree.. looking forward to this IPO and Blackberry taken off on valuations because of it
    10 Feb 2014, 09:18 PM Reply Like
  • deehooo
    , contributor
    Comments (12) | Send Message
     
    Doesn't make sense? With MobileIron we were able to move off of Blackberry, wouldn't part of MI's overall success be tied to migrations away from the BES?
    8 Mar 2014, 10:05 AM Reply Like
  • deehooo
    , contributor
    Comments (12) | Send Message
     
    We implemented Mobileiron to move off of the BEZ and blackberry. Wouldn't the success of MI add to the demise of bberry? And don't you think JC is there to do a transaction?
    8 Mar 2014, 10:22 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs