Standard Life share price: Company reveals mobility partnership with MobileIron and DT

By: Tonka Dobreva
Tonka Dobreva
Tonka joined the Invezz media team after years working as a writer and editor for a number of US… read more.
on Mar 12, 2015

Standard Life Plc (LON:SL) earlier this week announced a partnership with MobileIron, a US-based provider of enterprise mobility management (EMM) solutions,  and Deutsche Telecom, designed to bolster the UK insurer’s mobility strategy. The partnership makes use of MobileIron’sAppConnect technology and Deutsche Telecom’s infrastructure to provide secure access to documents and files on Android or iOS devices to more than 2,000 mobile employees around the world. According to Standard Life the partnership “dramatically” increases employee productivity, supporting the company’s business objectives.

“MobileIron has made a huge difference to how our employees operate,” commented Stewart Aitken, head of consumer IT in group operations IT at Standard Life. “Instead of needing to find a connection to our network to get their work done, employees can now go through DTAG’s systems to get the data and applications they need securely and from just about anywhere.”

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The relationship between the three companies has benefitted Standard Life’s global expansion strategy as well. The insurer revealed that with the help of MobileIron and Deutsche Telecom systems, it had been able to get employees up and running at a new satellite office in the Asia-Pacific region with access to the network via mobile devices.

In today’s trading, Standard Life shares were up 1.1 percent at 458.20p, as of 14:23 UTC. The stock has risen 14.5 percent since the start of the year. The company’s market capitalisation currently stands at nearly £11 billion.

According to the Financial Times, the 18 analysts offering 12 month price targets for Standard Life have a median target of 422.50p, with a high estimate of 465.00p and a low estimate of 320.00p. As of March 07, 2015, the consensus forecast amongst 29 polled investment analysts covering Standard Life has it that investors should hold their position in the company. This consensus estimate has been maintained since December 09, 2014, when the sentiment of investment analysts deteriorated from “outperform”.

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