Lookout provides mobile security protection, and the solution located approximately €5.5 million worth of lost phones everyday in 2011, given that people in some European cities lose two phones per year on average.
Orange is making the strategic investment in Lookout through the Orange and Publicis strategic venture capital initiative with Iris Capital, which invests in the future of mobile security, and the initiative is designed to provide innovative solutions for mobile security and privacy.
Starting in France, Slovakia, Spain and the UK, Orange, T-Mobile and EE customers will benefit from the service, with more markets planned to be addressed throughout 2013 and beyond. Phones will benefit from easy to use protection from malware, data loss, privacy threats and phone loss or theft.
“It is critical we help protect our customers and this partnership with Lookout allows us to provide additional protection for our customers without them having to take any action, or become experts on mobile security,” said Paul-François Fournier, EVP at Orange Technocentre.
“By investing in Lookout we are ensuring that we will continue to help keep our customers safe in the future, and that the Orange and Publicis initiative with Iris Capital is supporting a company that is positioned to become a global leader in the digital economy.
Lookout CEO and founder, John Hering, believes Orange’s investment outlines its leadership position in the smartphone market. “The combination of Orange’s customer focus and international reach and Lookout’s innovative approach to security will lead to a superior and safer experience for its customers. This partnership underscores our commitment to the European market."