Canadian Startup Fixmo Raises Money from Samsung Ventures

Posted by Techvibes NewsDesk

Toronto-based Fixmo, which specializes in mobile security and risk management solutions for public and private sector organizations, today announced that it has received a strategic investment from Samsung Ventures, the venture capital arm of the Samsung Group.

Terms of the Samsung Ventures investment were not disclosed, but we know the company has already raised well over $30 million to date. Fixmo says that the funding will be used to advance research and development in the areas of mobile device integrity verification, data loss prevention, risk analytics, and trusted mobile computing.

The Canadian startup's mobile security products are used by government agencies and enterprise customers around the world for securing and managing their mobile devices, business apps, and corporate data across company- and employee-owned smartphones and tablets. Its products include Fixmo Sentinel, Fixmo SafeZone, and Fixmo AppZone.

"Samsung Venture Investment Corporation aligns with innovative companies that demonstrate potential strategic fit with Samsung," explains Hyuk-Jeen Suh, Senior Investment Manager with Samsung Ventures America. "Secure enterprise mobility, BYOD and personal privacy protection are some of the most important and exciting areas in the telecommunications market. Fixmo is poised to deliver next-generation solutions that help IT departments, business professionals and consumers remain secure and protected while embracing the next wave of mobility technology trends."

SEE ALSO: Fixmo Lands $23 Million in Landmark Deal

"The investment from Samsung Ventures will further advance our research and development activities in the areas of mobile security, device integrity verification, adaptive policy management and compliance assurance," added Rick Segal, CEO of Fixmo. "These solution areas are becoming increasingly important to customers around the world as they embrace Consumerization and the BYOD approach, but cannot sacrifice security, integrity, compliance or employee productivity."

In August 2012, Motorola Solutions Venture Capital also announced a strategic investment and partnership with Fixmo.

Company:
Fixmo
Website:
http://www.fixmo.com
Location:
Toronto, Ontario, Canada

Fixmo Inc. is the mobile risk management (MRM) company that helps organizations identify, mitigate and manage the risks associated with mobile devices in the workplace. The company’s MRM solutions enable protected and compliant mobile computing, helping organizations embrace a wide range of mobile devices and applications while maintaining system integrity, protecting confidential data and proving regulatory... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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