Liberty Strategic Capital, the private equity firm launched last year by former treasury secretary Steven T. Mnuchin, announced today that it is acquiring a majority stake in mobile security startup Zimperium for $525 million.
With Zimperium, the firm takes a dive into mobile security, which Mnuchin sees at the front line of cyber security today. As he points out with employees using their own devices for years now, companies need to have a way to secure them, even when they don’t control the device directly.
“We all need to increase our focus on the protection of mobile devices and applications. Liberty Strategic Capital is investing in Zimperium because they’ve shown that they can lead the way in this mu …
