Company Update (NASDAQ:MOBL): Denso Secures and Manages Full-scale BYOD Program with Mobileiron Inc

Denso, one of Japan’s leading automotive parts manufacturers, is securely enabling hundreds of employee-owned iOS devices with Mobileiron Inc (NASDAQ:MOBL), the leader in enterprise mobile security. To stay on top of an increasingly competitive global market, Denso wanted to revolutionize how employees access the critical information and business processes they use every day.

“We realized that the ability to use email and check schedules from outside the company would be essential for the transition to a work style that places no limits on time or location. We wanted to use mobile devices to increase productivity so that we could be more competitive in overseas markets,” said Masahide Kobayashi, general manager of the IT infrastructure office at Denso.

Securing enterprise content on employee-owned devices
Denso selected MobileIron to provide secure email access to employees on their own iOS devices.

“The determining factors in choosing MobileIron were its good implementation track record and dependable support,” said Tetsuhiro Nakane, assistant manager of the information security planning section at Denso. “MobileIron provides not just mobile device management features, but also an enterprise mobility management architecture for supporting application containerization and content management.”

Faster decision-making through secure, remote collaboration
In addition to mobile device management (MDM), Denso is using MobileIron Web@Work to provide a secure browser that allows employees to collaborate securely outside of the office. If a device is lost or stolen, the Web@Work application and its data can be wiped remotely.

“We know that there will always be issues with any technology solution. Whenever a problem arises with our mobile implementation, MobileIron has provided immediate support and the latest updates to keep us informed. We have been very pleased with their service,” said Yoichiro Tanba, operations manager at Denso. (Original Source)

Shares of Mobile Iron closed yesterday at $5.53. MOBL has a 1-year high of $12.96 and a 1-year low of $5.32. The stock’s 50-day moving average is $6.12 and its 200-day moving average is $8.02.

On the ratings front, Mobile Iron has been the subject of a number of recent research reports. In a report issued on June 11, Deutsche Bank analyst Karl Keirstead reiterated a Buy rating on MOBL, with a price target of $8, which implies an upside of 44.7% from current levels. Separately, on the same day, Wunderlich Securities’ Robert Breza reiterated a Buy rating on the stock and has a price target of $9.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Karl Keirstead and Robert Breza have a total average return of 10.2% and 18.3% respectively. Keirstead has a success rate of 57.0% and is ranked #511 out of 3694 analysts, while Breza has a success rate of 72.7% and is ranked #587.

MobileIron Inc provides mobile IT platform for enterprises to secure and manage mobile applications, content and devices.

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