Divide Raises $12M in Series B Funding
Divide (fka Enterproid), a New York-based developer of a secure mobile platform, raised $12m in Series B funding.
The round, which brought the total amount to $25m, was led by Google Ventures, with participation from existing investors Comcast Ventures and Qualcomm Ventures, as well as new investors Globespan Capital Partners and Harmony Partners.
The company intends to use the funds to accelerate growth and invest in partnerships.
Founded in 2010 and led by CEO Andrew Toy, Divide delivers a solution that includes cloud-based management with advanced on-device technology for enterprise security and control without compromising personal freedom and privacy.
Divide provides a solution (available as iOS and Android apps and as an enterprise subscription) that offers an encrypted workspace container on employee devices that keeps business data and apps separate (and secure) from the personal side of the device.
Corporate customers (large financial, healthcare and technology companies as well as federal agencies and small and medium-sized businesses) can manage Divide through the cloud-based Divide Manager console or through select mobile device management (MDM) partners.
The company has offices in London and Hong Kong.
06/10/2011: Enterproid Closes $11M Series A funding