Mobile security specialist raises $14M

Investment round completed

AdaptiveMobile completed a US$14 million second round of funding led by Doughty Hanson with Noor Financial Investment Company and existing investor, Intel Capital. The money will be used to support the company’s global expansion.

Dublin-based AdaptiveMobile develops security software for mobile phones. This includes protection against illegal or inappropriate content, viruses and malware, unsolicited messaging and unauthorised communications. The company says its software allows mobile operators to offer Parental Controls to protect children, and to extend corporate security policies to mobile phones. It works across all mobile services (WAP, SMS, MMS, email), all forms of access (Mobile, WiFi, WiMax) and for all media, including mobile internet, text, images, music, voice and video.

Lorcan Burke, AdaptiveMobile CEO, says, “We have a head start in this market. Our timing is good. We understand the challenges of this industry, and have proven the product capabilities as a complete mobile security solution.”