Samsung Ventures has acquired a small equity stake in Canadian mobile security software company Fixmo for an undisclosed amount, Fixmo CEO Rick Segal told Bloomberg. Fixmo sells security software, such as Sentinel and SafeZone, developed with the US National Security Agency. "Samsung is getting very serious about taking on RIM in their own backyard, in government and enterprise," Segal said. The Korean company aims to replicate its success with consumers in the business sector, as more firms adopt the bring-your-own-device trend. According to Segal, Samsung was looking at companies like Fixmo to gain insight and to lay down strategic markers in areas like security and storage.
Samsung Ventures America senior investment manager Hyuk-Jeen Suh says in a subsequent press release from Fixmo that it invests in companies with a potential strategic fit with Samsung. He sees secure enterprise mobility, BYOD and personal privacy protection as some of the most important and exciting areas in telecommunications.
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.
We have been keeping professionals in the telecoms industry up-to-date since 2000. Telecompaper is a well respected, independent research and publishing company focussed on the telecommunications industry.
3991 PH Houten
Phone: +31 30 6349600
Fax: +31 30 6349699
© 2000 - 2014 Telecom.paper BV. All rights reserved.
Telecompaper is a trademark of Telecom.paper BV. No part of this site can be reproduced without
the expressed permission of Telecom.paper BV. Our General Terms and Conditions can be found here.
Terms and Conditions