MDM software firm MobileIron reportedly prepping IPO

|By:, SA News Editor

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.