Announced
Completed
Financials
Sources
Tags
Private Equity
software development
Domestic
Acquisition
Friendly
Software
Public
United States
Majority
Single Bidder
Completed
Synopsis
Clearlake Capital and TA Associates-backed Ivanti, an IT software company headquartered in South Jordan, Utah, completed the acquisition of MobileIron, an American software company which provides unified endpoint and enterprise mobility management for mobile devices, such as multi-factor authentication, for $872m. "We are thrilled to join forces with Ivanti and Pulse Secure in a combination that will accelerate our ability to help organizations quickly and securely embrace the future of work, in which employees, IT infrastructure and customers are everywhere – and mobile devices provide access to everything. Bringing our solutions together will enable organizations to easily secure users, devices, data and access in the Everywhere Enterprise. We're confident that this transaction will deliver comprehensive security for the next generation workforce, provide enhanced opportunities for our team of employees, and better serve our customer base. Additionally, we believe this combination represents the best path forward for our stockholders and MobileIron," Simon Biddiscombe, MobileIron CEO.
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