Visage Mobile, the enterprise smartphone management developer formed out of the ashes of an MVNO-enabling business, has announced a Series C round of $3.6 million, led by Qualcomm (NSDQ: QCOM) Ventures. The announcement comes only eight months after Visage picked up $4.5 million in VC funding.
In an interview, Tim Weingarten, the CEO of Visage, said that the company currently has 150 enterprise customers covering over 100,000 devices. The financing will be used to invest in product R&D and customer acquisition.
Weingarten says that Visage’s business is growing because of the “consumerization of IT”: that is, more employees are going out and buying smartphones themselves, rather than using devices bought for them by IT departments. This has resulted in bigger, more fragmented fleets of phones that need to be managed and tracked. Visage’s software works as a cloud-based service and with all devices.
Weingarten says that evidence from Visage’s software confirms one trend we’ve been hearing a lot about: there are a lot more iPhones and Android-based handsets being used by workers. He says that while Blackberry devices still make up the majority of handsets (around 80 percent, he estimates), he also notes that the others are appearing more frequently, on the back of individuals buying them and adding them to the network. “I think the picture is going to be very different in six month’s time,” he says.
Before Visage Mobile moved into enterprise applications two years ago, it used some of its intellectual property in a completely different line of business: helping MVNOs like the now-defunct Disney (NYSE: DIS) Mobile MVNO sell their services to consumers. At the height of MVNO hype, Visage had managed to raise some $90 million in VC funding.
In addition to Qualcomm Ventures, other investors in this round included Worldview Technology Partners, ATA Ventures, Vesbridge Partners and Emergence Capital Partners. Total funding raised to-date has been $8.1 million.