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Portfolio October 11, 2011

Announcing Greylock’s Investment in Zenprise

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We’re excited to announce that Greylock is leading a $30M financing round at Zenprise, the leader in secure mobile device management (MDM). Zenprise is headquartered in Silicon Valley and is currently recruiting across all areas as it expands to meet rapidly growing customer demand.

As part of the consumerization of IT, employees are increasingly bringing personal smart phones and tablets to work and connecting them to the company network. This invasion of personal devices (Bring Your Own Device – BYOD) into the enterprise has made secure mobile device management a top priority. IT organizations are struggling to apply the appropriate management and security policy controls to the BYOD phenomena. BYOD began with iPhones and is now accelerating with iPhones, iPads, and Android devices. IT organizations are looking for a way to manage and secure across Apple, Android, Microsoft and RIM, with securing across Apple and Android devices being the urgent priority. The challenge begins at the device level and then extends into securing data, provisioning applications and managing application access to corporate resources.

Zenprise provides a family of enterprise-grade, partner-ready mobile device management solutions, including Zenprise MobileManager™ for on-premise deployments and Zencloud™ for flexible cloud deployments. These solutions offer real-time security, scalability, and high-availability across all the major mobile platforms. Gartner recently published a detailed comparison of the various vendor offerings in the MDM market and ranked Zenprise #1 for their product capabilities. In September, Zenprise was named the top new security vendor at the annual HP Protect cyber security customer conference. Zenprise has more customers with over 25,000 devices under management than any other MDM vendor. Their largest customer has over 65,000 devices under management.

The company was founded by Waheed Qureshi (PhD in Computer Science from USC) and is led by Jayaram Bhat (formerly VP of Marketing at Mercury Interactive). Zenprise has recently added several experienced executives to it’s management team and is looking to add additional talent at both senior and individual contributor levels.

Mobile will recast the IT landscape just like the PC did two decades ago. We’re excited that Zenprise chose Greylock as their partner, and look forward to working closely together to help grow a market-leading company in this important product category.