Enterprise mobile security startup MobileSpaces has closed an $8.6 million Series B investment from Marker LLC and Accel Partners. MobileSpaces secures the 1.5 million apps available via Apple Store and Google Play.
Marker partner Yuval Shachar said, “Secure enterprise mobility, BYOD and new mobile workflows are changing how enterprises do business, and the team at MobileSpaces has found a way to secure every mobile application on the market today. Those 1.5 million mobile apps provide a huge new source of business innovation. We found that only MobileSpaces secures mobile apps with no friction.”
Using proprietary Application Virtualization technology, MobileSpaces offers a policy-managed BYOD workspace that enables the use of any mobile app - built-in, custom or public app store apps - to create powerful, seamless and customized workflows. IT administrators simply create a policy that includes the mobile apps for workspace use, providing a tailored workspace for each employee while preserving how mobile apps are licensed, distributed and updated.
Within the workspace, enterprise apps run natively and share information, and enterprise data is secured and isolated. This approach also offers safe harbor for an employees’ personal data, allowing personal apps to run separately and privately from the enterprise apps. By focusing on apps, MobileSpaces moves beyond MDM and traditional container solutions to app centric security and management.
The company was founded in 2011 by CEO David Goldschlag and CTO Yoav Weiss and has raised $11.6 million to date. MobileSpaces is headquartered outside Washington D.C. and has offices in Petah Tikva.
Goldschlag said, "Traditional mobile IT vendors secure third party apps using approaches that limit enterprise app choice to just a few dozen apps. That creates a huge innovation gap that prevents IT and business managers from fully leveraging the booming app economy that provides 1.5 million apps. Rather than being prescriptive to companies, we allow enterprises to use any app to meet their business needs, letting them reclaim their app strategy.
Weiss said, "We have developed a mobile security approach that liberates enterprise app deployment without compromising corporate security. With the added financial backing of Marker, we can now rapidly expand our team to include the sales and marketing power needed to capitalize on our technology and become a front runner in the mobile security space.”
Published by Globes [online], Israel business news - www.globes-online.com - on July 25, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013