Liberty Strategic Capital, a private equity firm, is acquiring Zimperium, a provider of mobile defense services, for approximately $525 million.

Liberty Strategic Capital is a private equity firm focused on strategic investments in technology, financial services and fintech, and new forms of content. Zimperium offers a mobile cybersecurity platform to protect mobile endpoints and applications.

Secretary Steven Mnuchin, the founder of Liberty Strategic Capital, said, “Liberty Strategic Capital is investing in Zimperium because they’ve shown that they can lead the way in this multibillion-dollar market. Employees are using their own devices, driving enterprises to increasingly recognize the need for top-of-the-line cybersecurity designed for the mobile environment. As the use of mobile devices and the cyber threats against them proliferate, we believe Zimperium has positioned itself as the leader in securing mobile endpoints and applications. We’re excited to work with Zimperium as they lead in this critical and fast-growing market to strengthen mobile security worldwide.”

Paul, Weiss, Rifkind, Wharton & Garrison LLP provided legal counsel to Liberty Strategic Capital in this transaction. J.P. Morgan Securities LLC acted as exclusive financial advisor to Zimperium, while Orrick Herrington & Sutcliffe LLP provided legal counsel.