Appthority Announces Strong Customer Growth and Key Product Enhancements
Company’s Q3 Momentum Also Highlighted by Introduction of New
Investor and Strategic Hires
SAN FRANCISCO–(BUSINESS WIRE)–Appthority,
the leader in enterprise mobile threat protection, today announced
strong customer growth, additions to its staff and investor team, and
key product enhancements, as the company ends its latest quarter with
significant momentum. The company had strong expansion and added new
customers in government as well as in the retail and aerospace sectors.
Appthority also announced today that Correlation Ventures has been added
to the company’s investor team.
“Enterprises are increasingly looking for solutions to protect their
organizations from mobile threats,” stated Paul Stich, CEO of
Appthority. “With employees constantly installing and updating apps on
their mobile devices, a company’s data threat profile can change from
hour to hour. The growth and market opportunities we’re experiencing
today reflect the growing realization among enterprises of the need to
invest in mobile security. Through strategic hires, new investors and
valuable upgrades to our product, Appthority is well positioned as the
go-to provider of enterprise mobile threat protection solutions now and
into the future.”
“From hacks on staffer phones at a major U.S. political party to
malicious code inserted into popular games, malicious actors are
actively targeting mobile devices as a source of valuable information,”
says Trevor Kienzle, Managing Director of Correlation Ventures. “This
growing trend indicates strong growth potential for Appthority as a
leader in the enterprise mobile security market. We are pleased to
invest in the company and to join their world-class VC syndicate, which
includes Trident Capital Cybersecurity, USVP, Venrock and others.”
Appthority’s expansion includes new hires in the security research and
engineering teams, and the addition of John Chester as the company’s
Vice President of Sales. Chester, a 20-year veteran of the software
industry, will focus on sales and revenue generation, as well as
Appthority’s channel strategy. Before joining Appthority, he spent five
years at MobileIron and was an integral part of the leadership team that
grew the customer base from 100 to 10,000 customers, leading to an IPO
in 2014.
Enhancements to Appthority’s enterprise mobile threat defense solution
include a complete redesign of the user experience for IT mobility and
security teams. Usability improvements will streamline mobile security
workflows, improve overall ease of use, and lay the foundation for
additional security-related product enhancements coming later this year.
The company also announced a new EMM Connector that provides increased
flexibility and control in connecting Appthority with leading EMM device
management systems to deliver the most comprehensive mobile threat
remediation workflows available in the industry. The Connector addresses
customer requirements for better network security by offering on-premise
deployment options for enterprise EMM systems running in the customer’s
datacenter.
The company continues to deepen its EMM integrations with AirWatch and
MobileIron. Additional integrations with Citrix, Microsoft Intune, and
Maas360 as well as support for Android for Work are coming soon.
About Appthority
Appthority, the global leader in enterprise mobile threat protection,
delivers proactive visibility into mobile risk, rooted in the most
comprehensive mobile application analysis available. Appthority’s
extensive and ongoing threat intelligence eliminates mobile risk blind
spots and combines the widest array of customizable policy and
remediation options to tailor threat protection to the unique needs of
individual enterprises. Customers benefit from Appthority’s mobile app
as they extend the enterprise’s security perimeter to employees,
ensuring everyone is knowledgeable about mobile risk and compliance,
while helping to prevent risky apps from ever entering the ecosystem.
With Appthority, security teams are informed, employees are productive
and enterprise data is kept private and secure. Appthority is trusted by
organizations needing the most effective threat protection at scale,
including several of the Global Forbes 100 as well as top government
agencies in the U.S. Europe and Asia. More information on Appthority can
be found at https://www.appthority.com/.
About Correlation Ventures
Correlation Ventures, a venture capital fund with over $350 million
under management, leverages world-class analytics to offer entrepreneurs
and other venture capitalists a dramatically better option when they are
seeking additional co-investment capital to complete a financing round.
The firm makes investment decisions in two weeks or less and offers
reliability and transparency about reserves and its intentions to follow
in future financings. Correlation Ventures has invested in over separate
140 portfolio companies since 2010 and invests across all industry
segments, U.S. geographies and investment stages – from seed through
late stage. Correlation Ventures has offices in the Bay Area, NYC, and
San Diego. For more information, visit http://www.correlationvc.com
and http://twitter.com/correlationvc.
Contacts
Appthority
Jill
Richards, +1 (844) 277-747
press@appthority.com
Twitter:
@Appthority
or
Finn
Partners for Appthority
Jenna Finn, +1 (415) 249-6777
appthority@finnpartners.com
