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MobileIron Acquires Incapptic For Mobile Deployment Tech

May 01, 2020 3:46 PM ETMobileIron, Inc. (MOBL)CTXS, IBM, MSFT, OKTA, RPD


  • MobileIron has announced the acquisition of incapptic Connect for an undisclosed sum.
  • Incapptic provides software to enterprises to automate their mobile system release updates.
  • MOBL is bringing in-house an existing partner as it navigates macro and business uncertainties amid low revenue growth; my bias on the stock is Neutral.
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Quick Take

MobileIron (NASDAQ:MOBL) has announced the acquisition of incapptic Connect for an undisclosed amount.

incapptic has developed a system to improve the release processing of mobile applications.

With the deal, MOBL brings in-house an existing partner as it navigates a transition to a subscription revenue model amid a global pandemic.

My bias on the stock is Neutral given the firm’s slow revenue growth combined with these operational and business model uncertainties.

Target Company

Berlin, Germany-based incapptic was founded to develop a mobile software system that automates the app deployment process which promises to improve the app upgrading process for developers.

Management is headed by founder and CEO Rafal Kobylinski, who was previously a software test engineer at Samsung and received his engineering education at the Warsaw University of Technology.

Below is an overview video of incapptic's solution on the MobileIron app store:

Source: incapptic Connect

Company major customers include:

  • Lufthansa
  • Claas
  • Schindler
  • Henkel

Market & Competition

According to a 2019 market research report by Technavio, the market for global unified endpoint management is expected to grow by more than $11 billion through 2024.

This represents a forecast CAGR (Compound Annual Growth Rate) of nearly 36% from 2020 to 2024, as shown in the chart below:

The main drivers for this expected growth are the increasing complexity of IT infrastructure, growing use of IoT devices and increasing frequency of system updating is expected to drive growth in demand.

Major vendors that provide competitive services include:

  • Citrix (CTXS)

  • IBM (IBM)

  • Cisco (CSC)

  • Microsoft (MSFT)

  • Okta (OKTA)

  • Ivanti

  • AirWatch

Source: Research Report

Acquisition Terms & Financials

MobileIron did not disclose the acquisition price or terms and didn’t file a form 8-K, so the deal was likely for a financially non-material amount.

Management also didn’t provide a change in financial guidance

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This article was written by

Donovan Jones profile picture

Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and software companies.

He also leads the investing group

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