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Samsung buys small stake in Fixmo

2013-01-22 08:52:00| Telecompaper Headlines

(Telecompaper) Samsung Ventures has acquired a small equity stake in Canadian mobile security software company Fixmo for an undisclosed amount, Fixmo CEO Rick Segal told Bloomberg. Fixmo sells security software, such as Sentinel and SafeZone, developed with the US National Security Agency. "Samsung is getting very serious about taking on RIM in their own backyard, in government and enterprise," Segal said. The Korean company aims to replicate its success with consumers in the business sector, as more firms adopt the bring-your-own-device trend. According to Segal, Samsung was looking at companies like Fixmo to gain insight and to lay down strategic markers in areas like security and storage. Samsung would not comment on the matter.

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