Samsung Ventures Buys Fixmo Stake to Take on BlackBerry
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Samsung Venture Investment Corp. bought a stake in Canadian security software maker Fixmo Inc. to extend the Asian company’s growth with business and government clients traditionally served by Research In Motion Ltd.
Samsung Ventures, which invests on behalf of Suwon, South Korea-based smartphone maker Samsung Electronics Co. and other parts of the Samsung group of companies, is making the investment in return for a “small” equity stake, Fixmo Chief Executive Officer Rick Segal said in a phone interview. He declined to disclose exactly how much Samsung invested. Nam Ki Yung, a spokesman for Samsung Electronics, declined to comment.