MobileIron, the leader in Mobile IT security and management for apps, content, and devices, today announced its $40 million Series E mezzanine financing round. The investment was led by Institutional Venture Partners which joined existing investors Foundation Capital, Norwest Venture Partners, Sequoia Capital, and Storm Ventures. The round brings MobileIron's total funding to $97 million. It will be used to accelerate global growth and drive product innovation. Earlier this month, MobileIron was positioned in the Leaders quadrant of Gartner, Inc.'s Magic Quadrant for Mobile Device Management Software 2012.
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