MobileSpaces Raises $8.6MM Series B from Marker LLC and Accel Partners

Company Secures 1.5 Million Mobile Apps to Help Enterprises Reclaim Their App Strategy

Business Wire

SILVER SPRING, Md.--(BUSINESS WIRE)--

Enterprise mobile security startup MobileSpaces announced today the close of a $8.6MM Series B investment from Marker LLC and Accel Partners. As the emerging leader in secure mobility solutions for the app-centric enterprise, MobileSpaces is the first and only company to secure any mobile application, including the 1.5 million apps on the Apple App Store and Google Play.

“Marker invests in dynamic management teams that have created game-changing technologies and MobileSpaces more than meets that bar,” said Yuval Shachar, a Marker partner. “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 – be it 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. MobileSpaces was highlighted in Gartner’s Cool Vendors Report for 2013.

“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, ” said David Goldschlag, former VP Mobile at McAfee and now MobileSpaces CEO and co-founder.

Yoav Weiss, MobileSpaces CTO and co-founder, added that “Our team at MobileSpaces thinks outside of the box – or in this case, the container – which is why 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.”

For more information about MobileSpaces and how MobileSpaces secures the app-centric enterprise, please visit MobileSpaces.com.

About Marker LLC

Marker LLC is a New York City and Herzliya, Israel based private investment firm with an exceptional track record, a world class investor base and a global perspective. Marker’s mission is to help promising companies develop into great companies and great companies into enduring market leaders. Marker’s partners have helped businesses around the world in a wide variety of sectors achieve remarkable success.

About Accel Partners

Founded in 1983, Accel Partners has a long history of partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, New York City, London and Bangalore; as well as in China via its partnership with IDG-Accel. Accel has helped entrepreneurs build over 300 successful companies, many of which have defined their categories, including 99designs, Actuate, AdMob, Agile Software, Alfresco, Angry Birds (Rovio), Atlassian, BBN, Bonobos, Braintree, Brightcove, Cloudera, ComScore, Diapers.com (Quidsi), Dropbox, Etsy, Exclusively.in, Facebook, Flipkart, Fusion-IO, Gameforge, GlamMedia, Groupon, Imperva, Infinera, Interwoven, IronPlanet, JBoss, Kayak, Lookout, Macromedia, metroPCS, MoPub, Myntra, OPOWER, Polycom/PictureTel, Playfish, Portal Software, QlikTech, Rapt, Real Networks, Redback, Responsys, Riverbed, Spotify, Squarespace, Sunrun, Trulia, UUNet, Veritas, Walmart.com, Webroot, Wonga, XenSource and Zimbra. For more information, please visit the Accel Partners web site at www.accel.com find us on Facebook at www.facebook.com/accel.

About MobileSpaces

MobileSpaces helps enterprises mobilize their applications, govern their data, and respect the privacy of their employees. MobileSpaces offers a BYOD policy-managed workspace that protects mobile enterprise apps and data against loss and leakage. Founded in 2011 (as CellSec) by experienced enterprise security executives and engineers from McAfee and Check Point Software, MobileSpaces is headquartered outside of Washington, DC, has offices near Tel-Aviv, Israel, and is backed by Accel Partners and Marker LLC. Learn more at MobileSpaces.com.

Contact:
Matter Communications
Alison Walsh/Maria Brown, 978-499-9250
awalsh@matternow.com
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