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.
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