We now have the most comprehensive set of software solutions that address the growing market demand for the future of work, where working from anywhere on any device type is the new normal,” Schaper said. The Buzz: “By combining MobileIron and Pulse Secure with Ivanti, we are creating a leader in the large and growing unified endpoint management, security, and enterprise service management markets.
It has $254 million in annual revenue, according to ZoomInfo. Pulse, with more than 650 employees, claims that 80% of the Fortune 500 companies use its products. MobileIron has about 900 customers and had 2019 revenue of more than $205 million. The vendor boasts that 78 Fortune 100 companies use its software. According to ZoomInfo, the company has about 1,700 employees and $414 million in annual revenue. A Gartner survey found that 47% of business leaders will give employees the choice of working from home permanently and 82% will make working from home an option part of the time.Įnabling such a highly distributed workforce to be productive and secure has become a key focus of businesses and their channel partners.īackground: Ivanti, which is backed by private equity firms Clearlake Capital Group and TA Associates, was founded in 2017 when Landesk and Heat Software merged. Companies have had to adapt to the new decentralized workforce and many are now saying that remote work will continue to various degrees even after the pandemic passes. Most employees in the late winter were sent home to work to comply with government shutdown orders and help slow the spread of the coronavirus. The Impact: The pandemic has had a rapid and far-reaching impact on business models, with no change being more prominent than the move to teleworking. Ivanti Chairman and CEO Jim Schaper will lead the combined company. Ivanti also will be able to expand its reach in the cybersecurity field, with MobileIron bringing with it more than 20,000 customers and Pulse another 24,000-plus. MobileIron, based in Mountain View, California, will bring its unified endpoint management solutions to the new company while Pulse, headquartered in San Jose, California, offers secure access and mobile security solutions. Ivanti offers its Neurons automation platform for everything from discovery to workspaces and self-healing. Salt Lake City-based Ivanti offers unified endpoint management, zero trust security, and enterprise service management to organizations. The move comes as the COVID-19 pandemic forced an immediate and large shift to remote working, a change that’s likely to continue to a great degree after the public health crisis passes. The Details: The acquisitions, which will need regulatory approval before they close, will significantly expand Ivanti’s efforts to provide autonomous IT and security operations that enable enterprises to automatically discover, manage, and secure PCs and mobile devices from the cloud to the edge. The announcement comes days after reports began emerging that MobileIron was on the verge of being bought. The Lowdown: Ivanti announced Monday that it’ll pay $872 million for MobileIron and an undisclosed amount for Pulse Secure, with MobileIron’s board of directors already approving the deal. Ivanti is buying cybersecurity firms MobileIron and Pulse Secure to bolster its capabilities in secure endpoints at a time when remote work is on a sharp rise.