Enterprise Ireland
Annual Report and Accounts 2006
Annual Report and Accounts 2006
A high potential start-up in 2003, AdaptiveMobile has grown quickly to achieve a global leadership position in the rising mobile security market.
The Dublin-headquartered company, the first worldwide to focus on the growing market for protecting subscribers on mobile phones, continues its rapid growth in customers.
AdaptiveMobile's software products protect mobile users against undesired web content, virus malware, unsolicited messaging and unauthorised, illegal or harmful material being delivered to mobile phones.
The company has offices in the US, Canada, South Africa, the Middle East, AsiaPac and Europe, and has a customer base of the world's largest and most advanced Tier-1 mobile operators and service providers.
AdaptiveMobile has also forged strategic partnerships with leading network infrastructure providers such as Cisco and HP, and has strong relationships with enterprise security companies such as Symantec, McAfee and Websense.
Lorcan Burke, AdaptiveMobile CEO says:
“The global market for mobile subscriber protection is exploding as the Internet continues to be an unsafe environment for users – particularly children and developing nations, those for whom mobiles are a first technology experience. Spam and virus threats seen on PCs continue to migrate to mobile phones, and with mobile hand sets increasingly being used for mobile services such as email access and internet browsing, Corporates are seeking to manage the potential security risks.
We have a head start in this market. Our timing is good. We understand the challenges, and have proven the product capabilities as a complete mobile security solution for operators. We're focused on our target markets and we have good customers and partnerships to build on. This puts us in a very strong position in this rapidly growing market.”
Enterprise Ireland support has included start-up, seed capital and R&D funding. Last year AdaptiveMobile secured additional VC funding from Intel Capital, Intel's venture capital investment organisation and Enterprise Ireland.
The company is maintaing a global leadership strategy to double revenues year on year. As it works through an accelerated growth plan, Enterprise Ireland will continue to support AdaptiveMobile through the expansion.
Burke says:
“Our strategy is to continue our focus on growing international sales and expanding our global footprint and at the same time continue to innovate in the mobile services market. We are also extending our strategic partnerships and delivery capabilities to service our customer footprint in the Middle East and Asia.”
www.adaptivemobile.com (link opens in a new browser window)
