Former Treasury secretary Mnuchin buys Dallas mobile security company Zimperium for $525 million

Zimperium is accelerating growth and eyeing an IPO in the future.

Zimperium's digital service provides customers with mobile device security solutions.Former U.S. Treasury secretary Steve Mnuchin’s D.C.-based private equity firm, Liberty Strategic Capital, has bought Dallas-based mobile security company Zimperium for $525 million.provides clients with security solutions for mobile devices so workers can access sensitive information securely. The Dallas-based company counts the U.S. Department of Defense and J.P. Morgan Chase as customers.

The company is discussing plans to launch an IPO in the future, though it doesn’t have an exact timeline, Zimperium chief executive Shridhar Mittal said. “We’re very fortunate to be headquartered in Dallas with the wealth of talent available to us locally and in the surrounding cities,” Mittal said. Liberty’s investments are aimed at late-stage tech and media startups. It invested in Cybereason in July and Contrast Security in November. The firm also has invested in a company generating satellite images of Earth.

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