MoFo News Item

MoFo Advises MobileIron in Approx. $900M Sale to Ivanti

29 Sep 2020

Morrison & Foerster is advising MobileIron, Inc. (NASDAQ:MOBL), the mobile-centric security platform for the Everywhere Enterprise, in its sale for approximately $900 million to Ivanti, Inc., a leading provider of enterprise-grade intelligent IT management and security software solutions, which is backed by Clearlake Capital Group, L.P. and TA Associates Management L.P.

MobileIron’s platform combines award-winning and industry-leading unified endpoint management (UEM) capabilities with passwordless multi-factor authentication (Zero Sign-On) and mobile threat defense (MTD) to validate the device, establish user context, verify the network, and detect and remediate threats to ensure that only authorized users, devices, apps, and services can access business resources in a “work from everywhere” world.

Ivanti also announced it had entered into an agreement to acquire Pulse Secure LLC, a leading provider of Secure Access and mobile security solutions to enterprise customers. The combined company’s solutions will extend to all devices, making Ivanti the leading provider of UEM, Enterprise Service Management (ESM), and Zero Trust security solutions – and the only company on the market that provides end-to-end coverage.

The transaction was announced on Monday, September 28, 2020.

The MoFo deal team advising MobileIron in the transaction was led by San Francisco M&A partner Brandon Parris, together with San Francisco M&A partner Michael O’Bryan, Palo Alto M&A partner Michael Krigbaum, San Francisco Corporate Finance Partner Alexa Belonick, and San Francisco associates Will Carter and James Lee, and with invaluable support from San Francisco Finance partner Dario Avram, of counsel Eric Min and associate Nicholas Steven De La Cruz, and San Francisco Executive Compensation partner Amanda Hines Gold and associate Yuan Xia. The wider team includes New York Litigation partner Michael Miller; Brussels Litigation of counsel Aniek Schadd; Washington D.C. Corporate Finance partner Scott Lesmes and associates John Hensley and Meredith Carr; New York associate Dong Hun (Don) Lee, Boston associate Michael Maroni, and Palo Alto associate Omed Sharifi; Palo Alto litigation partner Erik Olson; San Francisco Technology Transactions partner Paul Jahn and associates Yasmin Monteiro and Jill Meltem Tellioglu; San Francisco Tax partner Joy MacIntyre and associate Lauren Keller; and New York Tax paralegal Jenn Williams.

Read more about the transaction in MobileIron’s press release.

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