IT asset and service management solutions provider Ivanti on Monday announced the acquisition of MobileIron and Pulse Secure.
A portfolio company of Clearlake, Ivanti discovers IT assets, improves delivery of IT services, and leverages insights and automation to reduce risks across PCs, mobile devices, data centers, and VDI. Furthermore, it helps organizations improve delivery through modern technology both in the warehouse and across the supply chain.
Founded in 2007 and headquartered in Mountain View, California, MobileIron provides a mobile-centric security platform that leverages the cloud to ensure that data can flow freely across devices and servers. Data is secured through a zero trust approach that assumes bad actors are already in the network.
Pulse Secure delivers secure-access solutions aiming to improve visibility, protection, and productivity. Founded in 2014, the San Jose, CA-based company offers a security-as-a-service (SaaS) platform that integrates cloud, mobile, application and network access for more than 24,000 enterprises and service providers.
Ivanti agreed to purchase all outstanding shares of MobileIron common stock for roughly $872 million.
The terms of the Pulse Secure deal, which is being acquired from affiliates of Siris Capital Group, haven’t been disclosed.
The two acquisitions, Ivanti says, should help it bring adaptive security and contextualized experiences for remote workers. The transactions are expected to strengthen Ivanti’s portfolio of products for zero trust security, unified endpoint management, and enterprise service management.
“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. 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,” Ivanti chairman and CEO Jim Schaper, who will lead the combined company, said.
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