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Orange Invests in Lookout Mobile Security
With Android malware on the rise, consumers are becoming more aware of the threat to their smartphones from cyber-criminals. Malicious apps, phishing attacks and simply losing your phone are all problems facing smartphone users today.
Lookout, which has over 30 million users around the world, is one of the leading players in the mobile security business, and unlike companies like MacAfee, F-Secure or Symantec, it is completely focused on mobile.
The "strategic investment" in Lookout by Orange was made by the operator's venture capital fund Orange & Publicis which is managed by Iris Capital. Orange refused to say how much it was investing in the company. Alex Abey, VP of Business Development at Lookout, told IBTimes UK that it was Lookout's customer base and its global reach which enabled it to protect its customers.