Steven Mnuchin’s Liberty Strategic Capital acquires majority stake in Dallas, Texas-based Zimperium
Mobile security firm Zimperium announced on Tuesday that it will be acquired for roughly $525 million by Liberty Strategic Capital, the private equity firm founded by Steven T. Mnuchin, a successful businessman and investor who served as Treasury Secretary under President Donald Trump.
Zimperium’s solution provides on-device security for mobile devices and apps to protect against both known and unknown threats, including device, network, phishing and application attacks.
“Mobile devices and applications are an integral part of daily life for people around the world. They contain or serve as a gateway to the most sensitive personal and organizational data, making them an extremely valuable target for attackers,” said Secretary Mnuchin.
With the investment, Liberty Strategic Capital will acquire a controlling interest in Zimperium and place Mnuchin as chair of the company’s Board of Directors.
SoftBank, which has been an investor in Zimperium since 2017, will continue as a minority investor.
Liberty Strategic Capital has also made significant investments in cybersecurity firms Cybereason, BlueVoyant, and Contrast Security.
During his stint as the 77th Treasury Secretary of the United States, Mnuchin was also member of the National Security Council and helped shape the U.S. government’s approach to cyber threats, including supervising the design of economic sanctions targeting Iranian, Russian and North Korea.
