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MobileIron Creates New Internet of Things DivisionSanthosh Nair to Lead IoT R&D; Product to Launch Later This Year MOUNTAIN VIEW, Calif., Feb. 22, 2017 /PRNewswire/ -- MobileIron (NASDAQ:MOBL), the security backbone for the digital enterprise, today announced that it has formed an Internet of Things (IoT) division which will focus on building an end-to-end chain of trust from sensor to app to gateway to cloud to network. The company also announced that Santhosh Nair has joined MobileIron as VP IoT to lead the division. He will work closely with MobileIron co-founder and Chief Technology Officer Suresh Batchu. MobileIron is targeting having an IoT product ready for sale later this year. Bain & Company estimates that by 2020 IoT vendor revenue could exceed $470 billion. The announcement was made this morning at MobileIron's Analyst Day. A live audio webcast of the presentation may be accessed by visiting the Investors page of the MobileIron corporate website at http://investors.mobileiron.com/. A replay of the presentation will be available for one year following the presentation. Many existing IoT systems have significant limitations because they are highly customized and inflexible, which makes them hard to configure and expensive to maintain over the system's lifecycle. MobileIron's IoT platform will be designed to:
The Internet of Things is the next frontier of the Information Age. IoT automates core business workflows by digitizing the collection of data in order to gather insights that drive physical action. Enterprise computing happens at the network edge and in the cloud to reduce latency. The consequences of inaccurate information or inappropriate action can be costly (supply chain disruption), dangerous (a pipeline leak), or deadly (medical errors). In IoT, scale and security are critical. MobileIron's goal is to provide a unified platform and a single pane of glass to secure and manage IoT services. MobileIron's IoT solution applies the company's software leadership and innovation to this new market opportunity. MobileIron's three-point architecture of policy engine, edge client, and network gateway is directly applicable to the challenges of IoT deployments. Administrators automate rules using the policy engine. The edge client enforces actions on the IoT gateway and monitors security posture. The network gateway ensures that IoT data is transmitted securely and not susceptible to man-in-the-middle attacks. And all these actions are done at massive scale. Joining MobileIron to lead the new division is Santhosh Nair. Santhosh brings more than 20 years of international experience in strategy, engineering and product management. He joins from Wind River, an Intel company, where he was the Vice President & General Manager of the IoT business unit and managed key customer relationships across broad markets. Prior to Wind River, he spent over 15 years at GE Healthcare culminating in his role as Worldwide Product Manager for the $1.5B Computed Tomography (CT) business. He holds an MBA in Strategy & Marketing from Northwestern University Kellogg School of Management and a BTech in electronics and telecommunications from Government College of Engineering, Trivandrum, India. "When I met with the team at MobileIron, I was impressed with their insights on the Internet of Things and I'm excited to turn these insights into execution," said Santhosh Nair, VP, IoT, MobileIron. "Enterprise endpoint security is critical to the successful adoption of technologies for the Internet of Things and many of MobileIron's engineering innovations are directly applicable to IoT. I believe we have a big opportunity and a huge market lead." About MobileIron MobileIron (NASDAQ:MOBL) provides the secure foundation for companies around the world to transform into Mobile First organizations. For more information, please visit: http://www.mobileiron.com. Logo - http://mma.prnewswire.com/media/460859/mobileiron_logo.jpg
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