// IP Marketing video - START// IP Marketing video - END

Orange to invest $20mln in mobile security firm Lookout

Orange to invest $20mln in mobile security firm Lookout

PanARMENIAN.Net - France Telecom’s Orange mobile unit has struck a deal to offer security software from Lookout and take an equity stake in the mobile software vendor, AllThingsD reports.

Starting next year, Orange will offer Lookout’s software standard on Android devices in France, Slovakia, Spain and the United Kingdom.

“By investing in Lookout we are ensuring that we will continue to help keep our customers safe in the future, and that the Orange & Publicis initiative with Iris Capital is supporting a company that is positioned to become a global leader in the digital economy,” Orange Executive VP Paul-François Fournier said in a statement.

According to TechCrunch, exact financial terms of the investment in Lookout — which has 30 million active installs and has already raised $76 million from a top list of VCs including Khosla Ventures, Chris Sacca, Trilogy Equity Partnership, Index, Accel Partners, and most recently $40 million from Andreessen Horowitz – were not disclosed, but it could be as high as $20 million (€15 million).

Lookout says that 40 percent of its new activations are coming from outside the U.S. and it plans to open offices next year in both Tokyo and London.

 Top stories
Apple is suing a company for trademark infringement, alleging that the firm has been passing off counterfeit Apple chargers as the real thing.
Valley VC Learn Capital led the round, joining a number of other unnamed private investors who have already backed SoloLearn.
The new shift and deadline come after months of strategy disagreements, leadership flux and supply chain challenges inside Apple’s car labs.
AThe patent was first filed for in June 2015 and credits Erik G. de Jong, Anna-Katrina Shedletsky and Prashanth S. Holenarsipur as its inventors.
Partner news