Private equity firm Liberty Strategic Capital will snap up mobile security firm Zimperium in a deal being valued at roughly $525m.
According to Security Week, Liberty – a company founded by ex-Treasury Secretary Steven Mnuchin – will acquire a controlling interest in Zimperium, with Mnuchin taking the role of chair of the company’s board of directors.
Founded in 2010, Zimperium claims it provides the only mobile security platform purpose-built for enterprise environments. With machine learning-based protection and a single platform that secures everything from applications to endpoints, Zimperium’s solution provides on-device mobile threat defence to protect growing and evolving mobile environments.
Zimperium was the first mobile threat defence provider to be granted an Authority to Operate (ATO) status from the Federal Risk and Authorization Management Program (FedRAMP).
Secretary Mnuchin said, “Mobile devices and applications are an integral part of daily life for people around the world. They contain or serve as a gateway to the most sensitive personal and organisational data, making them an extremely valuable target for attackers.”
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