Accel Partners Invest US$25M in AirWatch
AirWatch, said on Thursday that Accel Partners invested US$25 million in their company. The world- renowned innovator in mobile security and biggest provider of Enterprise Mobility Management (EMM) has over 6,500 clients with an estimated 1,200 associates worldwide.
The solutions provided by AirWatch are capable of operating independently for BYOD requirements or as an extensive, extremely scalable enterprise-grade mobility program. The infused finances will help AirWatch to speed up its plan to expand globally, balance their research and development team. Part of the budget will also be allotted for the modernization and implementation of Secure Content Locker, its solution on content collaboration.
"Accel Partners and Insight Venture Partners recognize the massive potential of this space, and we are excited to partner with the best growth investors from both coasts," stated John Marshall, AirWatch President and Chief Executive Officer. "Both firms have been collaborative, and we look forward to leveraging Insight's resources and Accel's network and expertise as our rapid growth presents new opportunities for the business."
"We are proud to have partnered with both Insight Venture Partners and the best management team in mobile enterprise at AirWatch," commented by Accel Partner, Ryan Sweeney. "We believe that enterprise mobility currently represents the next big secular technological shift we will encounter, and AirWatch has emerged as the dominant company in this increasingly important category."