UPDATED 21:37 EDT / DECEMBER 01 2020


Ivanti completes acquisition of MobileIron and Pulse Secure

Information technology security software company Ivanti Inc. said today it has completed its acquisitions of endpoint management solutions firm MobileIron Inc. and secure access provider Pulse Secure LLC that it announced in September.

The deal to acquire MobileIron was valued at approximately $872 million, with MobileIron shareholders receiving $7.05 cash per share, a 27% premium on the company’s share price as of Sept. 24. The terms of the Pulse Secure acquisition, which was acquired from Siris Capital Group LLC, were not disclosed. Pulse was previously acquired by Siris Capital for $250 million in 2014 from Juniper Networks Inc., where it was then known as Junos Pulse.

Founded in 2007, MobileIron offers a mobile-centric zero-trust security platform designed to verify every user, device, application, network and security threat before granting secure access to business resources. The company offers unified endpoint and enterprise mobility management including seamless and secure access to business apps and data on every endpoint within an organization.

The company went public in 2014 at $9 per share and was last trading at $7.04 per share as of the close of regular trading Monday, the last day its shares were traded. The company has its head office in Mountain View, California. Notable customers include Nasdaq, The Blackstone Group Inc., Flixbus, Standard Life Aberdeen plc, Aston Martin Lagonda Global Holdings LLC, the U.S. Defense Information Systems Agency and the U.S. Department of Agriculture.

Pulse Secure was founded in 2014 and offers access and mobile security solutions to both enterprises and service providers. The company offers virtual private networks, network access control and mobile security products designed to enable end-user mobility security and seamlessly within an organization. Pulse Secure says that it has more than 24,000 enterprise customers including 80% of the Fortune 500.

For Ivanti, the acquisitions of both MobileIron and Pulse Secure are said to allow organizations to proactively and autonomously self-heal, self-secure and self-service devices in the “everywhere enterprise.”

“Our intelligent experience platform will power business through hyper-automation and secure connections on every device, for any user, wherever and however they work,” Ivanti Chief Executive Officer Jim Schaper said in a statement. “This enables our customers to collaborate and innovate more freely while reducing the risk of data breaches and enhancing employee experiences.”

Image: Ivanti

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