|[January 22, 2013]
Fixmo Secures Strategic Investment from Samsung Ventures
TORONTO --(Business Wire)--
the leader in mobile security and risk management solutions for public
and private sector organizations, today announced that it has received a
strategic investment from Samsung
Venture Investment Corporation (Samsung (News - Alert) Ventures), the venture
capital arm of the Samsung
Group. The funding will be used to advance research and development
in the areas of mobile device integrity verification, data loss
prevention (DLP), risk analytics and trusted mobile computing.
Fixmo's mobile security products are used by Government agencies and
Enterprise customers around the world for securing and managing their
mobile devices, business applications and private corporate data across
company-owned and employee-owned (BYOD) smartphones and tablets. These
enterprise products include Fixmo
Sentinel, the enterprise mobility platform for securing mobile
devices and monitoring system integrity; Fixmo
SafeZone, the defense-grade secure container for keeping corporate
email, data and apps encrypted, contained and under IT control no matter
who owns the device; and Fixmo
AppZone, a comprehensive mobile application management (MAM)
solution for deploying, monitoring and supporting mobile apps in the
Fixmo also recently entered the consumer mobile security market when it
announced that it is powering the white-labeled "3 Super Safe" personal
mobile security and protection solution for 3 Hong Kong, a division of
Hutchison Telecommunications Hong Kong Holdings Limited.
"Samsung Venture Investment Corporation aligns with innovative companies
that demonstrate potential strategic fit with Samsung," said Hyuk-Jeen
Suh, Senior Investment Manager with Samsung Ventures America. "Secure
enterprise mobility, BYOD and personal privacy protection are some of
the most important and exciting areas in the telecommunications market.
Fixmo is poised to deliver next-generation solutions that help IT
departments, business professionals and consumers remain secure and
protected while embracing the next wave of mobility technology trends."
"The investment from Samsung Ventures will further advance our research
and development activities in the areas of mobile security, device
integrity verification, adaptive policy management and compliance
assurance," said Rick Segal, CEO with Fixmo. "These solution areas are
becoming increasingly important to customers around the world as they
embrace Consumerization and the BYOD approach, but cannot sacrifice
security, integrity, compliance or employee productivity."
Samsung Ventures is the second venture capital group to make a
strategic investment in Fixmo in the past six months. In August
2012, Motorola (News - Alert) Solutions Venture Capital also announced a strategic
investment and partnership with Fixmo. Terms of the Samsung Ventures
investment were not disclosed. Prior to the investment from Samsung
Ventures, Fixmo had raised over thirty million dollars through three
series of funding.
About Samsung Venture Investment Corporation
Samsung Venture Investment Corporation manages investment and
investment-related activities for Samsung affiliate companies. The
investment mandate for Samsung Venture Investment Corporation tracks
closely to the strategic priorities of Samsung affiliate companies' core
operating divisions, and encompasses investments in semiconductors,
displays, telecommunications, and consumer electronics.
Fixmo Inc. is the mobile risk management company that helps
organizations identify, mitigate and manage the risks associated with
mobile devices in the workplace. The company's MRM solutions enable
protected and compliant mobile computing, helping organizations embrace
a wide range of mobile devices and applications while maintaining system
integrity, protecting confidential data and proving regulatory
compliance. Fixmo's MRM technology has been developed as part of a
Co-operative Research and Development Agreement (CRADA) with the U.S.
National Security Agency (News - Alert) (NSA). Fixmo is headquartered in Sterling,
Virginia and Toronto, Canada (http://fixmo.com).
[ Back To TMCnet.com's Homepage ]