MobileIron files for $100m IPO, outlines company future
MobileIron has filed a registration with the US Securities and Exchange Commission for an initial public offering (IPO), with $100m hoping to be raised.
The rumour mill was slightly off with AirWatch, but with this one it was spot on.
The enterprise mobility management (EMM) vendor’s financial figures showed a spike in profit year on year alongside substantial losses, a fact the company acknowledges as a risk factor in its filing.
MobileIron made profit of $8.66m in 2011, compared with $29.2m in 2012...