Mobile security is becoming more important than ever, and that is certainly apparent in the acquisitions market. Mobile security company Optio Labs has acquired smaller Maryland-based mobile security company Oculis Labs, which will afford greater data security solutions for multiple institutions.
The acquirement also signals a career move for Oculis founder Dr Bill Anderson, who will become the company’s chief product officer.
Oculis labs main function is to safeguard a user’s computer and mobile data. Their major consumer products are protection software programmes PrivateEye and Chameleon.
The acquisition signals a much greater development for online protection. Optio have gained Oculis’ security software products, intellectual property and patents, as well as the integration of the development team allowing for an expansion with Optio’s data security department.
‘‘This merger of technologies – combining data from the real, tangible world with information derived from within a device – will help corporations achieve balance between security and efficiency, and remove the limits to employee productivity,’’ said Dr Anderson, who will become the third senior to join Optio since December.
Whitepapers
Related reading
The payments industry’s most significant acquisitions of 2017
Our round-up of 2017's deals that will have the biggest impact on the payments ecosystem.
“The markets will remain healthy and conducive to fintech companies”: Tony Seto, Freeman & Co. ED Pt.2
In part two of the interview, Tony Seto discusses the main trends in the fintech market and why mobile payments will continue to garner a lot of attention in the US.
CMA accepts Mastercard’s proposal to address competition concerns following the acquisition of VocaLink
The deal, which was first announced in July 2016, should now be concluded quickly.
PayPal to acquire TIO Networks for $233 million
PayPal CEO Dan Schulman is attempting to make good on his promise to better serve the unbanked.
