Liberty Strategic Capital to Acquire Zimperium, a Leader in Mobile Device and Application Security

Liberty Strategic Capital, a private equity firm founded and led by former Secretary of the Treasury Steven T. Mnuchin, announced a definitive agreement to acquire Zimperium, a global leader in mobile threat defense, for approximately $525 million. This is Liberty Strategic Capital’s first buyout transaction and its fourth investment in cybersecurity, one of Liberty’s primary focus areas.

We’re excited to work with Zimperium as they lead in this critical and fast-growing market to strengthen mobile security worldwide.

Zimperium has pioneered offering a comprehensive mobile cybersecurity platform to protect mobile endpoints and applications. With increasing sophistication, criminals are targeting mobile devices that process and access critical information like passwords, multi-factor authentication apps, and corporate files and communications. As the mobile world grows in complexity with new apps, features, and capabilities introduced continually, Zimperium empowers enterprises of all sizes to secure their mobile endpoints and build safe and secure mobile apps. Zimperium’s platform helps prevent sensitive data loss and infrastructure exposure that can result in fraud, reputational damage, and regulatory penalties.

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Secretary Mnuchin, Founder and Managing Partner of Liberty Strategic Capital, 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 organizational data, making them an extremely valuable target for attackers. It’s clear that mobile is the new front line for cybersecurity. We all need to increase our focus on the protection of mobile devices and applications. Liberty Strategic Capital is investing in Zimperium because they’ve shown that they can lead the way in this multibillion-dollar market. Employees are using their own devices, driving enterprises to increasingly recognize the need for top-of-the-line cybersecurity designed for the mobile environment. As the use of mobile devices and the cyber threats against them proliferate, we believe Zimperium has positioned itself as the leader in securing mobile endpoints and applications. We’re excited to work with Zimperium as they lead in this critical and fast-growing market to strengthen mobile security worldwide.”

Shridhar Mittal, CEO of Zimperium, said, “There’s no question that the world is going mobile. And as that happens, modern operating systems like Android and iOS are playing a more prominent role powering the devices people use in their personal and professional lives. But what many people don’t realize is that protecting these devices is much different from protecting traditional endpoints and requires a new approach. We’ve helped leading public and private organizations across the globe strengthen mobile security, and as we enter a high growth phase to help even more organizations, Secretary Mnuchin and the team at Liberty Strategic Capital will be a tremendous asset to guide and propel our company forward. I would also like to personally thank the incredible investors that have supported our company and vision of making mobile secure, including Warburg Pincus, Sierra Ventures, SoftBank, Telstra Ventures, and Samsung.”

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