Apple’s continued growth in enterprise IT is once again reflected in the news that Mosyle has introduced new business-focused MDM services and secured $196 million in Series B funding. It shows just how quickly Apple in the enterprise space continues to emerge.
Enterprise growth area
“Over the past year, we have rolled out innovative security and management features that have used MDM as a way to extend 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 New York-based global private equity firm Insight Partners.
“With the launch of its Apple Unified Platform, Mosyle is one of the first companies to elegantly standardize MDM with a broader suite of mobile security solutions,” said Rebecca Liu-Doyle, Managing Director, Insight Partners. Our vision and belief that businesses require more than traditional MDM in today’s mixed business environment.”
The funding also reflects the growing amount of interest in the entire Apple ecosystem in the enterprise ecosystem.
Despite the various challenges, Apple remains a solid investment asset and this positive shine appears to extend to many of its partners. While PC sales decline, Mac sales continue to rise, driven by corporate demand.
That’s great, but what’s also true is that the company’s growing niche in enterprise IT is giving rise to a wave of service providers and integrators seeking to support the growing Apple ecosystem.
This growth is also a visible market opportunity, as evidenced by Jamf’s 2020 initial public offering.
Arguably the first company to feel Apple’s path, Jamf beat expectations in the last quarter of the year and will report its latest results on May 10th. Currently, that company has a market capitalization of $3.65 billion and has recently made significant improvements to its business services. users.
Given this, it’s easy to believe that Mosyle’s $196 million funding round shows just how much opportunity investors see in the Apple ecosystem. Investors know that hundreds of millions of Windows PCs will need to be upgraded over the next two or three years as Windows 11 goes online. They also know that a slice of this upgrade traffic will inevitably go the way of Apple (as it has now for years), leaving plenty of room for the emergence of a diversified and thriving Apple-focused MDM industry to serve the broad needs of organizations he-is.
[Also read: Enterprise tech? Don’t forget to make it human]
Investing in services also makes sense in a context where some of the biggest analysts expect IT spending to shift to integration and services following the pandemic-led hardware investment. Mosyle has seen triple-digit revenue growth since 2020.
What does Mosyle now offer to business customers?
Mosyle introduced its new business-focused MDM (Mobile Device Management) solution, which combines solutions to manage devices, secure endpoints, handle Internet privacy and security, and oversee identity and application management in the new offering.
In a statement, the company clarified the range of features it now offers:.
- Improved device management: Provides full MDM for macOS, iOS, and tvOS, one-touch deployment and automated continuous management, support for shared devices, BYOD support, integration with Google, Microsoft, Active Directory, and more.
- Endpoint security: It deploys 24/7 protection regardless of location, ensuring devices benefit from the latest macOS security tools, follow leading cybersecurity recommendations, and meet industry compliance requirements. This includes original antivirus and malware detection and will constantly scan, isolate, lock, and scan infected devices. It also automates managing and securing premium accounts with Admin On-Demand, a premium access management solution for macOS.
- Online privacy and security: Provides encrypted DNS functionality that automates web filtering and encryption exclusively on Apple endpoints.
- Identity management: Combines single sign-on (SSO) functionality with two-factor authentication to secure company-owned Apple devices. It supports Okta, Ping Identity, Microsoft 365, Google Workspace, and more.
- Applied management: Offers the ability to remotely deploy, update and manage any compatible application on Apple devices.
There is no doubt that companies in this field will begin to compete more significantly as they seek to build a presence in a growing industry. The Apple-in-enterprise ecosystem has never looked so fresh.
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