AirWatch Receives $25 Million Investment From Accel Partners
AirWatch said the investment would help support the innovation and adoption of their content collaboration solution, Secure Content Locker.Mobile security and enterprise mobility management (EMM) specialist AirWatch announced a $25 million investment by venture capital and growth equity firm Accel Partners. AirWatch said the funding would help the company accelerate global growth, scale their research and development team and support the innovation and adoption of their content collaboration solution, Secure Content Locker (SCL), a platform that enables secure distribution and mobile access to documents. With SCL, users can protect sensitive content in a corporate container, and secure distribution and mobile access. Administrators can ensure users always have the latest material at their disposal with updating and automatic file downloads. With SCL, users have anytime, anywhere access to Microsoft Office, iWorks, iBooks, ePub, images, video and audio files plus other types of files. The AirWatch platform, which also offers mobile device management (MDM) and application management, can be used stand-alone for customized bring-your-won-device (BYOD) requirements or as a comprehensive, scalable enterprise-grade mobility platform. As businesses grapple with the implications of BYOD and the consumerization of IT, security concerns are among the top issues facing chief information officers (CIOs) and IT departments in organizations of all sizes.
"Accel Partners and Insight Venture Partners recognize the massive potential of this space, and we are excited to partner with the best growth investors from both coasts," John Marshall, president and CEO of AirWatch, said in a statement. "Both firms have been collaborative, and we look forward to leveraging Insight’s resources and Accel’s network and expertise as our rapid growth presents new opportunities for the business."