In a market for mobile security in turmoil, Lookout has no intention of being pushed around by the manufacturers of smartphones, either by its direct competitors. His fundraising will help her.
In 2007, Lookout has launched an assault on mobile security, challenging the established heavyweights such as antivirus Avast, AVG and other Symantec. Today, the California loop seventh round, led by T. Rowe Price Associates, and welcomes new investors to its capital, as Morgan Stanley, LLP Wellington Management, Goldman Sachs and Bezos Expeditions. Injected amount. $ 150 million
The publisher claims more than 50 million users, with “many” , he says, has opted for the Pay option. This includes a burglar alarm at the least original: it triggers the sending of an e-mail with a picture of the intruder and its geographical position, which Lookout calls a “theftie” , contraction of “selfie” and “theft” (flight). Blocking dangerous URL, details of personal information to which apps can access or remote locking are also integrated Premium pack.
At its last fundraising (55 million), in October 2013, Lookout had expressed its intention to leverage its efforts on the business sector. Strategic direction that maintains and strengthens the publisher. “The profusion of mobile devices in the workplace has created a new set of security issues for large companies’ , says the CEO of Lookout, Jim Dolce.
Forrester Study to support the mobile security expert points out that 80% of companies allow the use of smartphones in the workplace (BYOD). With this in mind, it is concerned that the use of these devices by employees “to access sensitive data” , leave gaps. Used by cyber-criminals, they allow them to create “a backdoor to access the corporate network door. “
The market potential in the mobile security business is important, which is what also well understood smartphone manufacturers … Apple has approached IBM, Samsung launched its environment Knox dedicated professionals, Android will introduce this kind of function in its next version, Windows also leans over, while BlackBerry is determined to remember that it is the pioneer in this sector.
this list add publishers conventional antivirus solutions. Suffice to say that Lookout will need these funds for “extend its reach to big business” , with new solutions.
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