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Apple Device Management Firm Mosyle Raises $196M To Boost New 5-in-1 Platform

Mosyle’s CEO tells CRN that his company’s new platform beats rivals by offering a turnkey solution at a better price and that channel partners will be crucial for future growth.

Mobile device management (MDM) firm Mosyle on Wednesday announced a $196 million series B funding haul along with 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 offering this kind of solution,” Mosyle’s founder and chief executive officer, Alcyr Araujo, told CRN. “I believe this funding reinforces that we are on the right path, that the growth has been important. And we have been able to find needs in the market and offer things that customers are willing to pay for. It will allow us to continue on that journey to add solutions to the Apple Unified Platform. And every time you build a product, and you offer something new, you also need an entire ecosystem around the apps in terms of onboarding people and supporting partners.”

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

Araujo said Mosyle wants to grow its channel program. “Channel business is important and it’s growing in importance,” he said. “And when we look to the future, there’s a lot we believe we can achieve with partners. We see that now is the moment to actually bring that (partner program) one step further and collaborate in a more practical way… including commercial ways and to help them to promote more while they are partnering with us.”

David Collins, CEO of Maitland, Fla.-based Aeras Technologies, said his company has been working with Mosyle for the last three years. “As our clients continue to expand their Apple footprint, they need specialized solutions – and Mosyle checks all the boxes,” he said. “Their Apple-only approach, focus on automation, simplified workflows, and ability to deliver on key management and security needs are unmatched. We look forward to seeing what’s next.”

Mosyle moved its operations from Brazil to the U.S. in 2016. Since then, it has grown to serve a roster of more than 32,000 clients in education and business, with more than 5 million devices managed by their platform. While Araujo would not disclose the company’s annual revenue, he said Mosyle has raised more than $215 million in venture capital and that sales have grown by triple-digit percentages since 2020.

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

Since the pandemic began, Apple has taken significant market share in the enterprise computing business. Even as the booming PC market seems to be slowing, Apple has been increasing its market share. According to research firm Gartner, Apple shipped 2.7 million units in the U.S. in the first quarter of 2022, a year-over-year growth of 18.6 percent.

“The growth of Apple and its enterprise business has been amazing,” 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 rare that we’re seeing big names come in and request an account. This makes us extremely happy and shows that our vision that Apple is a phenomenal device for enterprise is now being confirmed by customers.”

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