Apple device management company Mosyle raises $196 million to boost new 5-in-1 platform

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Mobile Device Management (MDM) Company Mosyl announced $196 million in Series B funding on Wednesday as well as the launch of its Apple Unified Platform, a solution that integrates five applications into one.

The funding round for the Winter Park, Fla.-based company was led by New York-based private equity firm Insight Partners, along with StepStone Group and other investors. Mosyle says its Apple Unified Platform combines enhanced device management, endpoint security, internet privacy/security, identity management, and application management in one neat package.

“We are the only player to offer this type of solution,” Mosyle founder and CEO Alcyr Araujo told CRN. “I believe this funding confirms that we are on the right track, that the growth has been significant. And we’ve been able to find needs in the market and offer things that customers are willing to pay for. This will allow us to continue this journey to add solutions to the Apple Unified Platform. And whenever you create a product and come up with something new, you also need a complete ecosystem around the apps in terms of people onboarding and partner support.

Mosyle’s closest competitors in the Apple MDM software space include Jamf, Addigy, and Kandji. Apple’s foray into offering its own MDM solution came to an abrupt end in late April, when the company announced it would no longer support its Fleetsmith solution. Apple acquired startup Fleetsmith in 2020.

Araujo said Mosyle wanted to expand his channel schedule. “Chain commerce is important and it is becoming more and more important,” he said. “And when we look to the future, we think we can accomplish a lot with partners. We see that now is the right time to take this (partnership program) a step further and collaborate in more practical ways… including commercial means and helping them promote more while they partner with us.

David Collins, CEO of Aeras Technologies, based in Maitland, Fla., said his company has worked with Mosyle for three years. “As our customers continue to expand their Apple footprint, they need specialized solutions – and Mosyle ticks all the boxes,” he said. “Their Apple-only approach, focus on automation, streamlined workflows, and ability to address key management and security needs is unmatched. We can’t wait to see what’s next.”

Mosyle moved its operations from Brazil to the United States in 2016. Since then, it has grown to serve a list of over 32,000 customers in the education and business sectors, with more than 5 million devices managed by their platform. While Araujo wouldn’t disclose the company’s annual revenue, he said Mosyle has raised more than $215 million in venture capital and sales have grown by triple digit percentages since 2020.

Rebecca Liu-Doyle, managing director of investor Insight Partners, said in a statement: “With the launch of its unified Apple platform, Mosyle is one of the first companies to elegantly unify MDM with a broader suite. of mobile security solutions”.

Since the start of the pandemic, Apple has taken a significant market share in the enterprise computing sector. Even though the booming PC market seems to be slowing down, Apple has increased its market share. According to research firm Gartner, Apple shipped 2.7 million units in the United States in the first quarter of 2022, an 18.6% year-over-year growth.

“The growth of Apple and its corporate business has been incredible,” Araujo said. “What we see here from the inside is interesting. Traditional Microsoft customers are starting to buy their first Mac device. It’s not uncommon for us to see big names come in and ask for an account. This makes us extremely happy and shows that our vision that Apple is a phenomenal device for business is now being confirmed by customers.

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