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August 23, 2012 08:01 am GMT

Mocana Raises $25 Million To Address Mobile App And Smart Device Security Market

mocanaMocana has raised $25 million in new funding from Trident Capital for mobile app and smart security solutions. The Series D round gives Mocana $47 million in total investment.Mocana's goal is to be the next major global security franchise - a market estimated at $3 to $5 billion in size.Mocana executives see two major business markets evolving in the enterprise market.There is the need to protect mobile devices. And separately is the market to protect apps and the data on them.

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