SoftBank will retain a minority stake in the cybersecurity technology provider, as Telstra, Toyo Corporation and Samsung prepare to exit.

US-based mobile security platform developer Zimperium, which counts corporates SoftBank, Telstra, Toyo Corporation and Samsung as backers, agreed yesterday to a $525m acquisition by private equity firm Liberty Strategic Capital.

Founded in 2010, Zimperium provides enterprise security software for mobile platforms like iOS, Android and Chromebook, detecting threats on devices and serving a range of industries including healthcare, financial services and defence.

Internet and telecommunications group SoftBank invested $15m in the company in 2017, the year after it secured…

Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.