Silicon Valley VCs lead Zenprise fundraising

Mobile management software business Zenprise has secured $30 million in a round of financing led by Greylock Partners, a venture capital firm based in California’s tech hub Silicon Valley.


Mobile management software business Zenprise has secured $30 million in a round of financing led by Greylock Partners, a venture capital firm based in California’s tech hub Silicon Valley.

Mobile management software business Zenprise has secured $30 million in a round of financing led by Greylock Partners, a venture capital firm based in California’s tech hub Silicon Valley.

Following on from its investments into web giants such as social website Facebook and business network LinkedIn, Greylock Partners is now tapping further into the smartphone and tablet market, in a round of funding which includes existing investors.

The investment will be used to support the company’s growth, and accelerate product development, sales and marketing efforts.

Asheem Chandna, partner at Greylock Partners, explains: ‘The invasion of smartphones and tablets into the enterprise has made secure mobile device management a top priority for IT organisations.’

Zenprise provides software services such as its MobileManager for on-premise deployments and Zencloud for cloud deployments on mobile platforms such as Android, BlackBerry and Windows Mobile.

‘This year has been one of tremendous growth for Zenprise, driven by companies seeking to balance Bring-Your-Own-Device (BYOD) policies and mobile device, application and data security,’ says Jayaram Bhat, chief executive officer of Zenprise.

‘This significant investment led by Greylock is a major validation of Zenprise’s strategy and market position.’

Based in California, Zenprise has its European headquarters in France and its UK operations located in Hertfordshire.

Under the terms of the deal Chandna has been appointed to the board of directors at Zenprise.

Earlier in 2011 Zenprise was named as top new security vendor by HP at its HP Protect conference.

The deal follows on from Greylock’s $30 million investment into internet voucher service Coupon.com, which has recently bought out its UK joint venture Couponstar, earlier in October and its lead role in blogging service Tumblr’s new $85 million round of funding.

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital. Connect with...

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