Mobile Company Orange Invests In Lookout
Orange, the mobile company owned by France Telecom, has made a deal with security software company Lookout. France Telecom now has equity stake in Lookout and the company has become a 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,” stated Orange EVP Paul-François Fournier.
The exact terms of the investment in Lookout has not been disclosed. Lookout has 30 million active installs and they have raised $76 million from venture capitalists like Khosla Ventures, Chris Sacca, Trilogy Equity Partnership, Index, Accel Partners, and Andreessen Horowitz.
This round of funding is rumored to be as high 15 million euros ($20 million). Lookout said that 40% of their new activations are coming from outside the United States and they are planning to open offices next year in Tokyo and London.@amitchowdhry or on Google+ at +AmitChowdhry