Zimperium Inc. Company Profile

Background

Overview

Zimperium Inc. is a privately held mobile security company headquartered in Dallas, Texas. Founded in 2010, the company specializes in providing real-time, on-device protection for mobile applications and devices, safeguarding against a wide array of cyber threats. Zimperium's mission is to empower organizations to operate securely in today's dynamic digital environment by proactively defending against evolving mobile threats, including phishing (mishing), malware, app vulnerabilities, and zero-day exploits.

Mission and Vision

Zimperium's mission is to secure mobile environments by delivering unparalleled protection for mobile applications and devices. The company's vision is to be the global leader in mobile security, enabling organizations to confidently embrace mobile technologies without compromising security.

Industry Significance

As cybercriminals increasingly adopt a mobile-first attack strategy, Zimperium plays a critical role in helping organizations stay ahead of these threats. The company's AI-driven, autonomous security solutions are essential in countering evolving mobile threats, thereby maintaining the integrity and confidentiality of mobile data and applications.

Key Strategic Focus

Core Objectives

Comprehensive Mobile Security: Provide end-to-end protection for mobile devices and applications against known and unknown threats.

Real-Time Threat Detection: Utilize machine learning and AI to detect and mitigate threats in real-time without relying on cloud-based detection.

Enterprise Integration: Ensure seamless integration with existing enterprise mobility management (EMM) solutions and IT infrastructures.

Areas of Specialization

Mobile Threat Defense (MTD): Protects enterprises from phishing, malware, and zero-day threats targeting mobile devices.

Mobile Application Protection Suite (MAPS): Secures applications for developers against fraud, tampering, and unauthorized access.

Key Technologies Utilized

Machine Learning and AI: Power the z9™ detection engine for dynamic and accurate threat detection.

On-Device Detection: Enables threat detection without the delays and limitations of cloud-based solutions.

Primary Markets Targeted

Enterprise Organizations: Protecting corporate-owned and bring-your-own devices (BYOD) across various industries.

Government Agencies: Securing sensitive data and communications on mobile platforms.

Financials and Funding

Funding History

Zimperium has raised over $60 million from private investors, including:

Samsung Ventures

Telstra Ventures

Sierra Ventures

SoftBank

Warburg Pincus

Recent Funding Rounds

In March 2022, Zimperium was acquired by Liberty Strategic Capital, a private equity firm founded and led by former U.S. Secretary of the Treasury Steven T. Mnuchin, for approximately $525 million. This acquisition provided Zimperium with additional resources to accelerate its mission of strengthening mobile security worldwide.

Utilization of Capital

The capital raised has been utilized to:

Enhance Product Development: Invest in research and development to advance mobile security solutions.

Expand Market Reach: Increase global presence and customer acquisition efforts.

Strengthen Partnerships: Forge strategic alliances with technology companies and service providers.

Pipeline Development

Key Pipeline Candidates

Zimperium's primary offerings include:

zIPS™ (Intrusion Prevention System): Provides on-device, real-time protection against known and unknown threats on mobile devices.

MAPS (Mobile Application Protection Suite): Offers comprehensive security for mobile applications throughout their lifecycle, including development and in-use phases.

Stages of Development

zIPS™: Currently in continuous development, with regular updates to enhance threat detection capabilities.

MAPS: Fully developed and available for enterprise deployment, with ongoing enhancements to address emerging threats.

Target Conditions

Mobile Devices: Securing Android, iOS, and Chrome OS platforms.

Mobile Applications: Protecting applications across various industries, including financial services, healthcare, and government sectors.

Anticipated Milestones

Product Enhancements: Regular updates to improve detection accuracy and response times.

Market Expansion: Entering new geographic regions and industry verticals.

Technological Platform and Innovation

Proprietary Technologies

z9™ Detection Engine: A machine learning-based engine that powers Zimperium's threat detection capabilities, enabling dynamic and accurate identification of mobile threats.

Significant Scientific Methods

On-Device Machine Learning: Allows for real-time threat detection without the need for cloud connectivity, ensuring immediate response to threats.

Advanced App Analysis: Through partnerships, Zimperium offers in-depth app security assessments to identify and mitigate potential vulnerabilities.

Leadership Team

Key Executives

Shridhar Mittal: Chief Executive Officer. With extensive experience in cybersecurity, Shridhar leads Zimperium's strategic direction and growth initiatives.

Jon Paterson: Chief Technology Officer. Jon oversees the technological development and innovation strategies at Zimperium.

Nitin Bhatia: Chief Strategy Officer. Nitin is responsible for guiding Zimperium's strategic partnerships and market expansion efforts.

Tracey Dry: Chief Legal Officer. Tracey manages Zimperium's legal affairs and compliance matters.

Brian Hunt: Chief Customer Officer. Brian focuses on customer success and ensuring client satisfaction with Zimperium's solutions.

Chris White: Chief Revenue Officer. Chris drives revenue growth and sales strategies for Zimperium.

Michael Williams: Chief Marketing Officer. Michael leads marketing initiatives to enhance Zimperium's brand presence and market reach.

Annette Wolf: Chief People Officer. Annette oversees human resources and organizational development at Zimperium.

Alistaire Davidson: Chief Financial Officer. Alistaire manages Zimperium's financial operations and strategic financial planning.

Praveen Kumar: Chief Engineering Officer. Praveen leads the engineering team in developing and maintaining Zimperium's security solutions.

Competitor Profile

Market Insights and Dynamics

The mobile security market is experiencing rapid growth, driven by the increasing adoption of mobile devices and the corresponding rise in mobile-targeted cyber threats. Organizations are seeking comprehensive solutions to protect their mobile environments, leading to a competitive landscape with several key players.

Competitor Analysis

Lookout: A major player in the Mobile Threat Defense (MTD) market, known for its strong threat intelligence and cloud-based solutions.

CrowdStrike: Extending its endpoint security to mobile devices, offering integrated security platforms and a large client base.

SentinelOne: Expanding its mobile security offerings with a focus on AI-powered security solutions.

Strategic Collaborations and Partnerships

Zimperium has established significant partnerships to enhance its market position and innovation capacity: