MobileIron Inc. (NASDAQ:MOBL) shares continue to gain investors confidence over the last month, thanks to its expansion strategies. MOBL stock surged almost 16% in the beginning of Tuesday’s trade, supported by its collaboration on a new end-to-end platform for enterprise cloud services. This platform will help in bringing together MobileIron’s app distribution, security, and analytics capabilities with Google Cloud’s Orbitera commerce platform.

“Today’s enterprises are looking for a solution to address the need for a seamless cloud commerce software experience from purchase to deployment,” said Marcin Kurc, Head of Commerce Platform, Google Cloud.

MobileIron stock currently trades around $4.35 per share after the latest rally. The stock has the 52-week trading range of $3.20-$6.78. The stock volume increased to 1.8 million in Tuesday trade, higher from the daily average of 477,455 shares.

The company has achieved several major milestones in the latest quarter. Deutsche Telekom’s (DT) chose its cloud platform for pan-European network initiative Pan-Net.

MobileIron also announced new access abilities to deal with the lifecycle of cloud services such as risk discovery tools to identify security risks, extending MobileIron Access security controls to Macs and PCs, and authentication analytics and reporting.

It recently announced partnerships with Zimperium and Metronome Software on different projects, highlighting the company’s expansion strategy.

The solid financial numbers suggest that it business strategies are working. Its average revenue growth stands around 15% in the last three years. In the latest quarter, MobileIron generated revenue of $42 million, up 2.8% from the previous year quarter. The company expects to generate revenue growth of 5% in the final quarter of 2017.

The company’s cash position also appears sound enough to support investments in growth opportunities. At the end of the latest quarter, the cash and cash equivalents were standing at $82.2 million. Moreover, cash from operating activities continues to cover its capital requirements. In the third quarter of 2017, MobileIron generated operating cash flow of $4.2 million, which is enough to cover the capital requirement of $4 million.

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