Why Apple (AAPL) Is Buying Fleetsmith

By Amit Chowdhry ● June 29, 2020
  • Enterprise security software company Fleetsmith announced that it has been acquired by Apple Inc. (NASDAQ: AAPL). These are the details about the deal.

Enterprise security software company Fleetsmith announced that it has been acquired by Apple Inc. (NASDAQ: AAPL). Fleetsmith is known for offering a suite of management and security solutions that enables users to manage apps, settings, and security preferences for a fleet of Apple products. And this news comes on the heels of Apple announcing that it is switching to its own silicon processor chips.

Fleetsmith’s software makes it easier to remotely deploy, configure, and wipe devices including iPhones, iPads, and Macs. This type of software is also known as mobile device management (MDM), specifically focusing on Apple products. 

Fleetsmith offers a free trial of up to 10 devices. After that, you will receive a free version of Fleetsmith or pay $8.25 per device per month.

“We started Fleetsmith to balance the management and security needs of IT with the experience users love about Mac, iPad, and iPhone. We’re proud of the incredibly talented team we’ve built, and that we’ve stayed true to our mission: to make powerful, secure Apple fleet management available to everyone,” said Fleetsmith in a statement. “We’re thrilled to join Apple. Our shared values of putting the customer at the center of everything we do without sacrificing privacy and security, means we can truly meet our mission, delivering Fleetsmith to businesses and institutions of all sizes, around the world.”

Fleetsmith said that it will continue delivering its services to existing and new customers. And this acquisition will enable Fleetsmith to offer a wider range of products and services to enterprises.

Since launching in 2016, Fleetsmith has raised over $40 million in venture capital from investors like Menlo Ventures, Upfront Ventures, Tiger Global Management, Harrison Metal, Index Ventures, Zane Lackey, Scott Cannon, Kevin Mahaffey, Arash Ferdowsi, and Clark Valberg.

The terms of the deal were undisclosed.