Welcome to our dedicated page for MobileIron news (Ticker: MOBL), a resource for investors and traders seeking the latest updates and insights on MobileIron stock.
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Ivanti announced that Charlesbank Capital Partners has signed a definitive agreement to invest in the company, joining existing investors Clearlake Capital and TA Associates. While the transaction details remain undisclosed, this strategic partnership aims to strengthen Ivanti's position in IT automation and security. Ivanti has completed significant acquisitions, enhancing its product offerings. The management team, led by CEO Jim Schaper, will continue to drive growth and innovation in the company. The investment is set to close in Q2 2021, pending regulatory approvals.
MobileIron (NASDAQ: MOBL) announced its Q3 2020 results, with revenues of $50.0 million, a 4% decline from the previous year. The company reported an ARR of $191.5 million, reflecting 10% growth. Operating loss was $15.9 million, while non-GAAP operating loss was $3.9 million. MobileIron's transformation to a subscription model is complete, achieving 95% recurring revenue. Additionally, the company is set to be acquired by Ivanti for approximately $872 million, with stockholders receiving $7.05 per share, marking a 27% premium.
MobileIron (NASDAQ: MOBL) released a study showing over 80% of global employees prefer not to return to the office full-time, even though 30% cite isolation as a productivity hindrance. The pandemic has accelerated remote work, introducing security challenges as employees use personal devices to access corporate data. Notably, 33% of employees rank IT security as low priority, highlighting a need for improved mobile-centric security strategies. The study, surveying 1,200 workers, identifies four employee personas crucial for businesses transitioning to the Everywhere Enterprise.
MobileIron (NASDAQ:MOBL) has announced its acquisition by Ivanti for approximately $872 million in cash, equating to $7.05 per share—a 27% premium over the closing price as of September 24, 2020. The deal, unanimously approved by MobileIron's Board of Directors, aims to maximize stockholder value. The merger will expand Ivanti's capabilities in Unified Endpoint Management and Zero Trust security, enabling a secure workforce in a mobile-centric environment. The transaction is anticipated to close in late Q4 2020, pending stockholder and regulatory approvals.
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