Israel

Israeli Cyber Security Company Sells for an Estimated $100 Million

Pulse Secure recently acquired MobileSpaces, the Israel-based leading provider of mobile security for the app-centric enterprise, in a deal reported to be worth over $100 million. MobileSpaces is a specialist in the BYOD (bring your own device) market, meaning it helps organizations guard sensitive information even when employees bring their private laptop computers, smartphones or tablets from home to the office. The company offers a BYOD policy-managed workspace that protects mobile enterprise apps and data against loss and leakage.

“The MobileSpaces BYOD solution helps complete Pulse Secure’s leading solutions to provide seamless, secure access from anywhere and any device,” according to a press release. “In two years, 71 percent of US companies will allow more than half of their employees to access corporate data on a mobile device,” says Chris Hazelton, research director for enterprise mobility at 451 Research. “These companies will need mobility management tools to secure corporate data in motion and on devices. With widespread support for BYOD in the enterprise, there is growing traction for Android. Increasing levels of access to corporate data means there is a real need to secure corporate apps on Android devices.”

MobileSpaces creates a virtual partition that separates enterprise and employee data while also providing a secure BYOD workspace for native or enterprise apps on any Android or iOS device. The workspace protects corporate information against data leakage and loss by encrypting all data at rest, controlling data sharing between enterprise apps and connecting directly to the enterprise virtual private network. “Enterprise mobility is key to business today but faces new challenges of connectivity, scale and application support,” said David Goldschlag, chief executive officer and co-founder of MobileSpaces. “With the acquisition of MobileSpaces, Pulse Secure is helping enterprises rethink mobility to deliver unmatched power to their business in a way that is simple and secure for IT while also being natural for users.”

MobileSpaces was founded in 2011 under the name CellSec by experienced enterprise security executives and engineers from McAfee and Check Point Software. MobileSpaces joins the Pulse Secure team with 20 employees, based in Silver Spring, Maryland and Tel Aviv. (via Israel21c)

[Photo: OTA Photos / Flickr]