Press release

White Hat Capital Partners Plans to Vote Against the Proposed Sale of MobileIron to Ivanti

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Today, White Hat Capital Partners LP announced that it plans to vote against Ivanti Inc.’s proposed acquisition of MobileIron Inc. (NASDAQ: MOBL) at MobileIron’s upcoming special meeting of stockholders.

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In a letter delivered to MobileIron’s Board of Directors, White Hat details its views that the proposed price of $7.05 per share falls short of fair value by a number of measures. As a long term investor, White Hat believes MobileIron is a growth story with a bright future, and that public shareholders deserve to participate in its standalone potential, or, at a minimum, receive a change-in-control transaction price that fairly values it.

Attached is White Hat’s letter to the Board.

About White Hat Capital Partners

Founded in 2016, White Hat Capital Partners exclusively focuses on (i) publicly-listed Technology companies with market capitalizations below $1.5 billion; (ii) makes concentrated, long-only, value investments; and (iii) seeks to be a significant stakeholder in each of its portfolio companies. White Hat seeks to achieve attractive risk-adjusted returns for its limited partners by employing a private equity approach to ownership that favors a long-term view of value creation through constructive partnership. When appropriate, White Hat’s principals work with portfolio companies to improve strategy and capital allocation decisions, implement operational efficiencies and strengthen governance, all with a view toward improving corporate competitiveness and creating value for all shareholders.