Zimperium

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Zimperium
TypePrivate
IndustryMobile security, endpoint protection, application security
Founded2010
FoundersItzhak Avraham, Elia Yehuda
Headquarters
Dallas
,
U.S.
Key people
Shridhar Mittal (CEO)
Websitewww.zimperium.com

Zimperium, Inc. is a privately owned mobile security company based in the United States and headquartered in Dallas, Texas.[1][2] Zimperium provides a mobile security platform purpose-built for enterprise environments.

History

Zimperium, Ltd. was founded in 2010 by its Chairman and CTO Itzhak Avraham.[3][4] In 2011, Elia Yehuda, joined as a co-founder. In 2013, the assets of Zimperium, Ltd. were acquired by Zimperium, Inc., and the new company was incorporated in Delaware. In 2014, Zimperium, Inc. released zIPS Android app (Intrusion Prevention System), a smartphone software that uses Machine learning to monitor user habits to detect and prevent possible Phone hacking.[5] In 2015, Zimperium, Inc. researched and developed security systems against a group of software bugs that affect a series of Android operating systems called Stagefright (bug).[6][7][8]

In 2016, the company partnered with BlackBerry. The partnership consisted in integration of zIPS by Zimperium for enhancing Mobile security on iOS and Android platforms.[9][10] Zimperium, Inc. has raised over $60M from private investors including Samsung, Telstra, Sierra Ventures, SoftBank and Warburg Pincus.[11][12] The company has partnered with several technology companies including Softbank Group, Deutsche Telekom, Telstra, SmarTone, Oracle, Microsoft, Trellix, SentinelOne, and Ivanti,[13]

In July 2021, Zimperium broadened its portfolio of mobile application protection solutions by acquiring whiteCryption,[14] a leading provider of advanced application shielding and cryptographic key protection.  Zimperium acquired whiteCryption from an investment group led by Intertrust,[15] the pioneer in trusted computing and digital rights management (DRM) technology.

In March 2022, Zimperium was acquired for approximately $525 million[16] by Liberty Strategic Capital, a private equity firm founded and led by former U.S. Secretary of the Treasury Steven T. Mnuchin. With this investment, Liberty Strategic Capital acquired a controlling interest in Zimperium and Secretary Mnuchin chaired the company's board of directors. SoftBank Corp., which has been an investor in Zimperium since 2017, continued as a minority investor.

See also

References

  1. ^ "Zimperium". Bloomberg.
  2. ^ "At least 10 million Android users imperiled by popular AirDroid app". Arstechnica.
  3. ^ "BlackBerry to Resell App from Startup That Found Major Android Bug". Fortune.
  4. ^ "Zimperium Raises $25M for Mobile Security Tech". eWeek.
  5. ^ "Mobile Software Learns Your Phone's Habits to Catch New Malware". Technology Review.
  6. ^ "Zimperium releases Android Stagefright exploit code for testing". SC Magazine.
  7. ^ "Stagefright: It Only Takes One Text To Hack 950 Million Android Phones". Forbes.
  8. ^ "Stagefright: new Android vulnerability dubbed 'heartbleed for mobile'". The Guardian.
  9. ^ "BlackBerry Teams With Zimperium on Mobile Threat Protection". Security Week.
  10. ^ "BlackBerry Aims to Increase Mobile Security, Partners With Zimperium". Solutions Review.
  11. ^ "Zimperium Raises $8M For Mobile Security That Turns The Tables On Attackers". TechCrunch.
  12. ^ "Mobile security startup Zimperium scores $25 million". TechCrunch.
  13. ^ "SoftBank partners with Zimperium to offer mobile security solutions in Japan". ZDNET.
  14. ^ "Zimperium Acquires Mobile Application Security Pioneer whiteCryption". Zimperium. 2021-07-27. Retrieved 2022-03-22.
  15. ^ "Building Trust for a Connected World – Intertrust Technologies". www.intertrust.com. Retrieved 2022-03-22.
  16. ^ "Zimperium to be Acquired by Liberty Strategic Capital for Approximately $525 Million to Accelerate Mission of Strengthening Mobile Security Worldwide". Zimperium. 2022-03-28. Retrieved 2022-03-29.
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