Skip to content
europatentbox

europatentbox

The Profession

Primary Menu europatentbox

europatentbox

  • Business & Finance
  • Business News
  • eCommerce
  • Business Education
  • Finance
  • Marketing
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Business News

Mnuchin’s Liberty Fund buys control of Zimperium for $525m

Amy B. Taylor April 2, 2022

[ad_1]

Liberty Strategic Capital, the private equity fund set up by former US Secretary of State for the Treasury Steve Mnuchin, has acquired control of mobile security solutions company Zimperium, for $525 million. This is the largest investment by Mnuchin’s fund, which was set up last year, and previously invested in the growth rounds of companies like Israeli startup Cybereason. Zimperium was founded in Israel by Zuk Avraham. 




RELATED ARTICLES




cyber security

Zimperium raises $15m from Japan’s Softbank


Cybereason raises $275m at $3.2b valuation, Mnuchin joins board






According to PitchBook, Liberty’s investors include Japanese giant SoftBank and the Saudi sovereign wealth fun PIF, which has become an indirect partner in many Israeli cybersecurity companies. This investment by Liberty is in a company based in the US, which has extensive relations with the US government. Zimperium has for many years served the US Department of Defense and its customers as well as investment banking giant J.P. Morgan.

Founded by Israelis, Zimperium is today managed from Dallas, Texas. The company has raised $100 million from Warburg Pincus, Samsung Next and SoftBank, who will all continue to hold a minority stake in the company. Zimperium was founded in Israel in 2010 to focus on cybersecurity for mobile phones with both Apple and Android operating systems. The company grew rapidly after the outbreak of the Covid pandemic as companies sought to expand their security coverage to include the phones of employees working remotely. In 2021, Zimperium’s revenue grew 53%.

Zimperium was founded by Zuk Avraham, who wrote on his LinkedIn page that he would now be concentrating on a full time position in a new startup that he has founded called ZecOps, which received publicity in Israel during the NSO-Israel Police affair. ZecOps conducted a free examination of the smartphones of former Ministry of Finance director generals Shai Babad and Keren Terner, and found that Pegasus spyware had been removed several days prior to the examination.

Published by Globes, Israel business news – en.globes.co.il – on March 30, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


[ad_2]

Source link

Tags: Amazon Business Login, Amazon Business Prime, Bank Of America Business Account, Best Business Schools, Business Attorney Near Me, Business Bank Account, Business Card Holder, Business Card Maker, Business Card Template, Business Cards Near Me, Business Casual Attire, Business Casual Shoes, Business Casual Woman, Business Plan Examples, Ca Business Search, Ca Sos Business Search, Capital One Business Credit Card, Chase Business Checking, Chase Business Credit Cards, Chase Business Customer Service, Chase Business Login, Chase Business Phone Number, Cheap Business Cards, Citizens Business Bank, Cox Business Login, Digital Business Card, Facebook Business Suite, Finance In Business, Free Business Cards, Google Business Login, Harvard Business School, Lands End Business, Massage Parlor Business Near Me, Michigan Business Entity Search, Mind Your Business, Mind Your Own Business, Ohio Business Search, Risky Business Costume, Skype For Business, Small Business Loan, Small Business Saturday 2021, Starting A Business, Texas Business Entity Search, Triumph Business Capital, Vending Machine Business, Verizon Business Customer Service, Vonage Business Login, Wells Fargo Business Account, Yahoo Small Business, Yahoo Small Business Login

Continue Reading

Previous A 14-inch convertible joins MSI’s business laptop lineup
Next As Allot’s stock slides, shareholders seek board changes

More Stories

man in a wheelchair holding a computer tablet
  • Business News

Client Onboarding Checklist for Agencies

Amy B. Taylor September 20, 2023 0
How do you hire an SEO manager
  • Business News

How do you hire an SEO manager?

Amy B. Taylor September 14, 2023 0
  • Business News

Why do you need an auditor in Guatemala?

Amy B. Taylor September 10, 2023 0
September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Aug    

Archives

Recent Posts

  • You can now filter the 10,000+ martech landscape by revenue, size, age and G2 ratings
  • Want to Increase Sales? You Need Video!
  • Shell’s bid to conduct offshore seismic surveys hits another legal obstacle
  • T.J. House Reveals He Is Gay And Announces Engagement
  • How to develop your accountancy practice’s competitive advantage

BL

Tags

Amazon Business Login Amazon Business Prime Att Business Login Bank Of America Business Account Best Business Schools Business Business Attorney Near Me Business Bank Account Business Card Holder Business Card Maker Business Cards Near Me Business Card Template Business Casual Attire Business Casual Shoes Business Casual Woman Business Plan Examples Ca Business Search Capital One Business Credit Card Ca Sos Business Search Chase Business Checking Chase Business Credit Cards Chase Business Customer Service Chase Business Login Chase Business Phone Number Cheap Business Cards Citizens Business Bank Cox Business Login Digital Business Card Facebook Business Suite Finance In Business Free Business Cards Google Business Login Harvard Business School Lands End Business Massage Parlor Business Near Me Michigan Business Entity Search Mind Your Business Mind Your Own Business Ohio Business Search Risky Business Costume Skype For Business Small Business Loan Small Business Saturday 2021 Starting A Business Texas Business Entity Search

Related Article

Martech Landscape Filters
  • Mental Health Related

You can now filter the 10,000+ martech landscape by revenue, size, age and G2 ratings

Amy B. Taylor September 27, 2023 0
Want to Increase Sales? You Need Video!
  • Mental Health Related

Want to Increase Sales? You Need Video!

Amy B. Taylor September 26, 2023 0
  • Business & Finance

Shell’s bid to conduct offshore seismic surveys hits another legal obstacle

Amy B. Taylor September 25, 2023 0
T.J. House Reveals He Is Gay And Announces Engagement
  • Mental Health Related

T.J. House Reveals He Is Gay And Announces Engagement

Amy B. Taylor September 24, 2023 0
  • Education

How to develop your accountancy practice’s competitive advantage

Amy B. Taylor September 22, 2023 0
europatentbox.com | CoverNews by AF themes.

WhatsApp us