Apple’s continued growth in enterprise IT is again reflected in the news that Mosyle has introduced new business-focused MDM services and secured $196 million of Series B financing. It shows the rapid degree to which Apple in the enterprise space continues to effervescent.
business growth zone
“Over the past year, we aggressively launched innovative security and management features that used MDM as a means of extending protection to other layers of the device,” Mosyle founder and CEO Alcyr Araujo said in a statement.
The company’s funding round was led by Insight Partners, a New York-based global private equity and venture capital firm.
“With the launch of its Apple Unified Platform, Mosyle is one of the first companies to elegantly unify MDM with a broader set of mobile security solutions,” said Rebecca Liu-Doyle, CEO of Insight Partners. “This funding is validation of our vision and our belief that businesses require more than traditional MDM in today’s hybrid work environment.”
The funding also reflects the growing scale of interest across Apple in the business ecosystem.
Despite various challenges, Apple continues to be a solid investment, and that positive glow seems to extend to many of its partners. As PC sales fall, Mac sales continue to risedriven by business demand.
That’s great, but what’s also true is that the company’s growing stature in enterprise IT is spawning a wave of service providers and integrators looking to support Apple’s growing ecosystem.
That growth is also a visible market opportunity, as evidenced by Jamf IPO in 2020.
Jamf is arguably the first company to feel Apple’s business trajectory, beating expectations in its latest quarter and reporting its latest results on May 10. That company’s market capitalization right now is $3.65 billion and it recently made its own major service improvements for businesses. users
With this in mind, it’s easy to believe that Mosyle’s $196 million funding round shows the scale of opportunity that investors see in the Apple ecosystem. Investors know that hundreds of millions of Windows PCs needs to be updated in the next two or three years as Windows 11 comes online. They also know that a portion of that update traffic will inevitably go Apple’s way (as it has for years), leaving ample room for a diverse and dynamic Apple-centric MDM industry to emerge to serve the broad needs of consumers. Business. THAT.
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Investing in services also makes sense in a context where some of the biggest analysts Anticipate IT spending shifting toward integration and services following pandemic-driven hardware investments. Mosyle has seen triple-digit revenue growth since 2020.
What does Mosyle now offer to business customers?
Mosyle has introduced its new business-focused MDM (mobile device management) solution, which combines solutions for managing devices, secure endpoints, managing Internet privacy and security, and overseeing identity and application management in the new offering.
In a statement, the company explained the feature set it now offers:
- Improved device management: It offers full MDM for macOS, iOS, and tvOS, zero-touch deployment and automated ongoing management, shared device support, BYOD support, and integrations with Google, Microsoft, Active Directory, and more.
- Security Endpoint: Implements 24/7 protection regardless of location, ensuring devices take advantage of the latest macOS security tools, follow leading cybersecurity recommendations, and meet macOS compliance mandates. the industry. This includes native antivirus and malware detection and will continuously scan, isolate, block and wipe infected devices. It also automates privileged account management and security with Admin On-Demand, a privileged access management solution for macOS.
- Privacy and security on the Internet: Provides Encrypted DNS functionality that automates web filtering and encryption exclusively on Apple endpoints.
- Identity management: Combine single sign-on (SSO) functionality with two-factor authentication to protect company-owned Apple devices. It is compatible with Okta, Ping Identity, Microsoft 365, Google Workspace, and more.
- Application management: It offers the ability to remotely deploy, update and manage any compatible application on Apple devices.
There is no doubt that companies in this space will begin to compete more significantly as they look to build a presence in a growing industry. Apple’s ecosystem in the enterprise has never looked so thriving.
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