“More devices, more problems” seems to be general attitude of IT managers dealing with the rise of the “bring your own device” movement.
But for mobile device management companies like AirWatch, more devices means something else: More money. The company has raised $200 million in a series A round led by Insight Venture Partners.
With AirWatch’s software, IT managers are able to track and monitor all of companies’ devices at once, saving them time and energy while reducing the risk of security breaches from unsecured devices.
The funding round is a big one for AirWatch, which has operated for ten years without the help of outside capital.
Besides the funding, there are clear signs that AirWatch’s approach has become an attractive one for businesses: It currently counts over 6,000 clients, including big energy companies, pharmaceutical giants, and most of the global airlines. AirWatch says it adds roughly 5oo new clients a month.
With the funding AirWatch says it plans to make some big-ticket acquisitions and continue pushing its existing products to new companies.
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