O’Melveny Represents Zenprise in US$30 Million Funding RoundOctober 12, 2011
FOR IMMEDIATE RELEASE
Julie Fei Andrea Rodeschini
O’Melveny & Myers LLP O’Melveny & Myers LLP
213.430.7792 (office) 212.326.2251 (office)
SILICON VALLEY, CA ─ OCTOBER 12, 2011 ─ O’Melveny & Myers LLP represented Zenprise Inc., a leading developer and provider of mobile management solutions, in a US$30 million funding round led by new investor Greylock Partners.
The team from O’Melveny was led by Mergers & Acquisitions partner Paul Sieben and included associates Tim Hagen and Emily Lippincott.
About O’Melveny & Myers LLP
With approximately 850 lawyers in 14 offices worldwide, O'Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com.
The following press release was issued by Zenprise:
Zenprise Raises $30 Million; Investment led by Greylock Partners
Strategic Financing Round to Support High Growth in Customers, R&D and Operations Worldwide; Greylock's Asheem Chandna Joins Zenprise Board of Directors
Silicon Valley, CA – October 11, 2010 – Zenprise®, Inc., the leader in secure mobile device management, today announced the closing of a $30 million strategic round of financing. The round was led by leading Silicon Valley venture capital firm Greylock Partners, with participation from all of Zenprise’s existing investors. The investment will support Zenprise’s rapid growth and accelerate its product development, sales and marketing efforts in order to meet the growing demand for its solutions.
“This year has been one of tremendous growth for Zenprise, driven by companies seeking to balance Bring-Your-Own-Device (BYOD) policies with mobile device, application and data security,” said Jayaram Bhat, CEO of Zenprise. “This significant investment led by Greylock is a major validation of Zenprise's strategy and market position. We look forward to expanding our product capabilities, marketing and sales while helping our customers everywhere confidently deploy and leverage mobile computing infrastructures, applications and data.”
Zenprise provides a family of enterprise-grade, partner-ready mobile device management solutions, including Zenprise MobileManager™ for on-premise deployments and Zencloud™ for flexible cloud deployments. These solutions offer real-time security, scalability, and high-availability across every major mobile platform including iOS, Android, BlackBerry, Symbian and Windows Mobile.
As part of this new funding round, Zenprise also announced that Asheem Chandna has been named to the Zenprise board of directors. Asheem has been a partner at Greylock Partners since 2003 and was previously VP of business development and product management at Check Point Software. Asheem has helped create and grow multiple technology businesses and product lines to market-leading positions, both as a former operating executive and as a venture capitalist at Greylock. Current and prior company investments and board seats include: AppDynamics, Aruba Networks (ARUN), CipherTrust (Intel), Delphix, Imperva, Palo Alto Networks, Port Authority (Websense), Securent (Cisco), Sourcefire (FIRE) and Xsigo Systems.
“The invasion of smartphones and tablets into the enterprise has made secure mobile device management a top priority for IT organizations,” said Asheem Chandna, Partner at Greylock Partners. “We’re excited to partner with Zenprise to help build the leading company in this rapidly growing market.”
The Greylock-led investment comes on the heels of a particularly active year for Zenprise. Recent company milestones highlighting its technology innovation, corporate growth and customer momentum include:
•Positioned in the Visionary Quadrant of the 2011 Gartner Magic Quadrant for Mobile Device Management Software
•Named Top New Security Vendor by HP at HP Protect 2011
•Named a Top 50 Startup Winner by TiE Global
•Expanded U.S. headquarters with a new 24,000-square-foot facility in Redwood City, Calif.
•Opened new European headquarter office in Paris
•Opened additional sales offices in Florida, Georgia, Illinois, New Jersey, New York, Texas, Washington, Germany, the Netherlands and The United Kingdom.
•Broadened executive ranks with the additions of a new chief financial officer, vice president of worldwide sales, vice president of business development and vice president of customer success
•Added a significant number of Fortune 100 companies to the customer base including:
◦Two of the top four entertainment companies
◦Two of the top three computer software companies
◦Two of the top three computer hardware companies
◦Two of the top three telecommunications companies
◦Two of the top three aerospace and defense companies
◦Two of the top three petroleum refining companies
About Greylock Partners
Greylock partners with entrepreneurs to help them build market-leading businesses. Over the past 45 years the firm has worked with hundreds of companies, 150 of which have gone on to IPOs and 100 of which have gone on to profitable M&A events, including: Ascend Communications, CheckFree, CipherTrust, Constant Contact, Continental Cable, Decru, Data Domain, DoubleClick, Farecast, Internet Security Systems, Ikanos, Legato, Media Metrix, Millennium Pharmaceuticals, Openwave, Open Market, OutlookSoft, Polyserve, Red Hat, RightNow Technologies, Success Factors, Sun Edison, Tellabs, Trilogy and Wily Technology. Current Greylock portfolio companies include Data Robotics, Digg, Facebook, Imperva, LinkedIn, Palo Alto Networks, Pandora, Picarro, Redfin, Workday and ZipCar. For more information about Greylock Partners, visit www.greylock.com or follow us on Facebook (http://www.facebook.com/greylock) or Twitter (@GreylockVC).
About Zenprise, Inc.
Headquartered in Silicon Valley, Zenprise is the leader in secure mobile device management. Only Zenprise protects all layers of the mobile enterprise, keeping organizations secure and compliant. Zenprise MobileManger™ and Zencloud™ let IT say "yes" to mobile device choice while safeguarding sensitive corporate data, shielding the network from mobile threats, and maintaining compliance with regulatory and corporate policies. This gives IT peace of mind, lets executives take their businesses mobile, and makes employees productive while on the go.
Zenprise's extensive list of global customers and partners spans a cross-section of countries and vertical industries including: aerospace and defense, financial services, healthcare, oil and gas, legal, telecommunications, retail, entertainment, and federal, state and local governments.
For more information about Zenprise, please visit www.zenprise.com or follow us on the Zenprise blog (http://www.zenprise.com/blog), Facebook (http://www.facebook.com/zenprise) and Twitter (@Zenprise_Inc).