Apperian Closes $12 Million in Series C Funding as it Transforms the Enterprise Mobility Market
Company Growth Accelerates as App-Centric Security and Management Take Center Stage and MDM Alone is Deemed Insufficient
BOSTON, Sept. 9, 2015 /PRNewswire/ -- Apperian® Inc., the mobile application management and security company, today announced it has completed a $12 million Series C funding round. New investor First Floor Capital joins Bessemer Venture Partners, Kleiner Perkins Caufield & Byers, North Bridge Venture Partners, Intel Capital and CommonAngels Ventures in backing Apperian. The funding will be used to fuel growth and platform innovation as CIOs and line-of-business leaders increasingly need to secure and manage the proliferation of apps and data in the enterprise.
MAM Offers a Superior Solution to the Enterprise
With enterprise apps, BYOD and contracted workforces on the rise, enterprises are increasingly tasked with supporting an environment of unmanaged devices – mobile devices not under corporate mobile device management (MDM). This creates a barrier that prevents organizations from securely distributing critical mobile apps to the users who need them.
As Gartner's August 2015 report, 'How to Live With Unmanaged Mobile Devices' states "Gartner clients who have tried MDM and have received poor feedback from their workforce, which perceives it as too invasive on their mobile devices, have been inquiring about alternative methods to securely provide enterprise access from mobile devices."
Even organizations using MDM are seeking out additional layers of security and technology to insulate apps that matter. In "Mobile Applications and Cloud: Companies, Vendors Take Aim at Mobilizing Business Workflows," 451 Research states, "Enterprise mobility management built around applications represents the future of ensuring enterprise data is protected and locked down and end users have the access they need to mobile service."
These trends have driven demand for and adoption of Apperian's mobile app security and management platform. The new funding will enable the company to accelerate delivery of new security and management capabilities as its technology has evolved into the industry's most extensible platform.
Since completing its B round in January 2013, Apperian has:
- Increased its annualized recurring revenue by more than 250%
- Increased users under management by 400%
- Enabled more than 1.7 million app deployments
- Nearly doubled its average account size
- Won numerous Fortune 500 and public sector customer engagements, including Aetna, AT&T, Emory Healthcare, Reed Elsevier, Toyota and Walgreens. Increasingly, Apperian is being selected as the corporate system of record for mobile app security and management
"Arming our employees with mobile apps that provide easy access to key systems has been a key initiative to improve the company's productivity," said Cheryl Van, Head of Learning and Development at RMS. "Delivering intuitive and private access to these mobile apps is incredibly fast and easy to maintain with Apperian. We're driving high levels of secure adoption and our team members simply appreciate easy access via their personal mobile devices."
"We've experienced incredible growth in demand for our platform over the past year as organizations are running into the limitations of traditional, device-centric enterprise mobility management products," said Brian Day, CEO of Apperian. "Some of the world's largest companies and public sector organizations have turned to Apperian for app-centric security and management methods so they can securely reach every single user. We're excited to see this validation of our approach from new and existing customers, investors and analysts alike."
To learn more about Apperian's Enterprise App Store and Mobile Application Management platform, please visit www.apperian.com.
About Apperian
Apperian is the leading enterprise-class mobile application management (MAM®) and security platform for the delivery of critical apps to 100% of users across an organization. Apperian provides fine-grained security and dynamic policy controls at the individual app level for deployments where mobile device management approaches are not possible or desired, such as BYOD, contract workers and other unmanaged devices.
Apperian's easy to use interface offers a private, branded consumer-like enterprise app store that greatly increases mobile app adoption and a comprehensive app management back-end for administrators to easily protect and manage their business apps and data. The company has helped IT and line of business professionals secure and deliver more than 1.7 million enterprise apps to organizations such as Maxim Integrated Products, NVIDIA, Nationwide, New Balance, and the U.S. Department of Homeland Security.
Apperian is headquartered in Boston with teams throughout the U.S., Europe, and Asia. For more information please visit http://bit.ly/ApperianLearnMore or follow the company on Twitter at @Apperian and LinkedIn at Apperian, Inc.
Media Contact:
Sarah Borup
SHIFT Communications
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SOURCE Apperian Inc.
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