Movius Expands Board of Directors
Experienced Technology Strategist and Banking Executive Sanjay Jain Joins
ATLANTA —March, 28, 2019— Movius, an emerging leader in cloud-based secure mobile communications software, announced that Sanjay Jain, chief strategy officer at Hyperloop Transportation Technologies and former technology investment banking leader, will join the Movius board of directors as an independent director.
Movius also recently announced John Loiacono has joined the company as CEO and the closing of its $45M Series D funding round led by new investor JPMorgan Chase. Existing investors PointGuard Ventures, New Enterprise Associates (NEA) and Anschutz Investment Company also participated.
Prior to Hyperloop, Jain spent more than 20 years at JPMorgan Chase & Co. as head of technology banking in EMEA, having advised on over $200 billion worth of capital-raising and corporate strategic transactions. He has worked in New York, San Francisco and London for the firm.
“Sanjay brings deep financial industry knowledge – a key vertical market for Movius, as well as operational experience in building technology partnerships with enterprises and providers at scale,” said John Loiacono, CEO of Movius. “His guidance will be invaluable as Movius continues on our path of steady growth across enterprise sectors such as finance and healthcare.”
Consumer demand for mobile touch points including text messaging, new regulatory requirements, and ongoing cost pressures to shift to a bring-your-own-device model for employee mobility all drive the need for compliant cloud-based solutions like MultiLine. As BYOD programs become nearly ubiquitous, the overall market for enterprise mobility is expected to reach $73B by 2021, according to research from MarketsandMarkets.
“Movius has proven to be the most desirable technology and has demonstrated significant traction with their MultiLine solution in the enterprise space, signing large global contracts. The ease of mobile communications is expected by consumers, and it is a high priority for businesses to solve in a secure and cost-effective way,” said Jain. “We are seeing global enterprises embracing MultiLine as a single, standard mobility solution for their business communications. I look forward to working with Movius as it enters its next phase of growth.”
With its recent funding, Movius is embarking on a variety of initiatives including global expansion, particularly in Europe and Asia, accelerating its product roadmap and scaling to meet the mobility needs of businesses for compliance, cost-savings, customer engagement and of a new generation of employees who expect to use one mobile device that can separate work and personal lives seamlessly and securely.
Movius is the leading global provider in cloud-based secure mobile communications software, helping enterprises deliver better engagement for their clients. Enterprises around the world use the company’s all-in-one mobility platform to connect with their customers in more convenient, cost-effective and compliant ways. The platform offers an easy way to extend and integrate voice, text, and messaging services into other systems, like CRM or collaboration tools.
Headquartered in Atlanta, Movius has additional locations in Silicon Valley, Calif., and Bangalore, India. Movius has more than 130 employees around the world and is the platform of choice for the world’s leading mobile carriers including Sprint, Telstra, and Telefónica. For more information on Movius, visit https://www.moviuscorp.com.
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