Ivanti has acquired MobileIron and Pulse Secure, with the intention of delivering intelligent and secure experiences across all devices in the ‘everywhere enterprise'.
MobileIron is a provider of mobile-centric unified endpoint management solutions, while Pulse Secure LLC provides secure access and mobile security solutions.
Ivanti is focused on becoming a leader in Unified Endpoint Management (UEM), Zero Trust Security, and IT Service Management (ITSM).
The terms of agreement
Under the terms of the agreement with MobileIron, Ivanti acquired all outstanding shares of MobileIron common stock for a total value of approximately $872 million.
MobileIron stockholders received $7.05 in cash per share, representing a 27% premium to the unaffected closing stock price as of September 24, 2020.
MobileIron shareholders approved the acquisition at a special stockholder meeting on November 24, 2020. Over 91% of the voted shares were in favor of the acquisition.
Pulse Secure was acquired from affiliates of Siris Capital Group, LLC. The terms of the Pulse Secure transaction were not disclosed.
The benefit to customers
By bringing MobileIron and Pulse Secure into the Ivanti portfolio, organisations will be able to proactively and autonomously self-heal, self-secure, and self-service devices everywhere in the enterprise - in which employees, IT infrastructures, and customers are everywhere - and deliver better user experiences and outcomes, Ivanti states.
Through zero trust security and contextual automation, Ivanti's solutions are focused on making IT connections smarter and more secure across remote infrastructure, devices, and people.
Ivanti is positioned to provide a comprehensive level of end-to-end coverage on every device, the company states.
Customers will benefit from real-time intelligence into the health, security, and performance of all devices from cloud to edge, enabling them to proactively detect and remediate vulnerabilities before they impact the business.
In addition, customers will be able to discover and manage devices, implement secure zero trust access with contextual automation, and deliver personalised employee experiences - improving productivity with better operational speed, cost, and quality of service, Ivanti states.
Ivanti looks to a brighter future
Ivanti chairman and CEO Jim Schaper says, "We are excited to welcome the MobileIron and Pulse Secure teams into the Ivanti family.
“Our intelligent experience platform will power business through hyper-automation and secure connections on every device, for any user, wherever and however they work.
"This enables our customers to collaborate and innovate more freely, while reducing the risk of data breaches and enhancing employee experiences. We have a tremendous opportunity ahead of us, and I'm very excited for the future."
From PCs and mobile devices to virtual desktop infrastructure and the data center, Ivanti discovers, manages, secures and services IT assets from cloud to edge in the everywhere enterprise - while delivering personalised employee experiences.