Liberty Strategic Capital Closes USD 525m Acquisition of Mobile Security Platform Zimperium.

MANews-(C)2009-2022

US-based private equity firm Liberty Strategic Capital has closed the acquisition of mobile security platform Zimperium for approximately USD 525m, the company said.

Liberty Strategic Capital was founded and led by former US secretary of the Treasury Steven T. Mnuchin.

With this investment, Liberty Strategic Capital will acquire a controlling interest in Zimperium and secretary Mnuchin will chair the company's board of directors.

Japan-based SoftBank Corp (OTC: SFTBY), which has been an investor in Zimperium since 2017, will continue as a minority investor.

Zimperium is in mobile device and app security, offering real-time, on-device protection against both known and unknown threats.

Zimperium's patented z9 machine learning-based engine protects mobile devices from device, network, phishing and application attacks.

J.P. Morgan Securities LLC acted as exclusive financial advisor to Zimperium, while Orrick Herrington and Sutcliffe LLP...

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