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MOBI Wireless Management
Cloud-based software centralizes management of mobile devices by integrating with wireless carriers, mdms, corporate it systems
About MOBI Wireless Management
MOBI Wireless Management, established in 2009, operated as a key player in the Managed Mobility Services (MMS) sector before its acquisition by Tangoe on December 5, 2018. The company was founded in Indianapolis as a spinoff from Bluefish Wireless by a team that included Scott Kraege and Josh Garrett. Kraege, serving as CEO, and Garrett as president, bootstrapped the company initially before securing a significant $35 million in venture capital in 2015 to fuel global expansion and technology development.
The firm specialized in providing a cloud-based Mobility Management Platform (MMP) designed for enterprises to centralize and manage their connected device ecosystems. This software-as-a-service (SaaS) platform integrated with wireless carriers and corporate IT systems, enabling clients to handle the entire lifecycle of their mobile assets, from deployment and support to decommissioning. Key features included automation of approval routing, inventory management, and the ability for administrators to monitor device usage and expenses, thereby improving visibility and control while reducing costs. MOBI's services catered to large enterprises, typically those with at least 500 mobile devices, across sectors like software, manufacturing, and healthcare.
On December 5, 2018, MOBI was acquired by Tangoe, a prominent Technology Expense Management (TEM) company, in a move to create a combined entity managing over 10 million devices and $40 billion in technology spend. Following the acquisition, MOBI's Indianapolis office became the headquarters for the combined company's global MMS business. Scott Kraege joined Tangoe's board of directors in an advisory capacity, while Josh Garrett took on the role of president of MMS for the newly merged organization. The acquisition integrated MOBI's MMS capabilities, including its automation features like Mobots™ and robotic process automation (RPA), with Tangoe's extensive TEM platform and global reach.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Jul 2015 | $35M | $140M | Bregal Sagemount | — |
Growth signals
Latest recorded traffic for MOBI Wireless Management is 160 monthly website visits, down 40.7% over the last three months. MOBI Wireless Management's team grew 0% over the past year.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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Series B and later1 investor entered at this stage
Bregal Sagemount
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Global footprint
team presence
Market sentiment
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