Dubai PR Network, Online Press Release from Dubai and Middle East
 
Technology, Computers & IT(Technology)
Filter PR by
  
Trend Micro Launches New $100 Million Venture Fund
 

This will accelerate growth in emerging technology ecosystems, like IoT, to inform and ignite corporate growth

Dubai, United Arab Emirates: Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today announced the launch of a corporate venture fund to explore emerging technology markets. With an initial investment of $100 million, this venture fund will allow Trend Micro to nurture a portfolio of startups that are incubating ideas and living at the epicenter of hyper growth markets, such as the Internet of Things (IoT).

According to Gartner estimates, 26 billion devices will be connected to the Internet by 2020.1

Eva Chen, founder and chief executive officer for Trend Micro noted, “Trend Micro’s vision has always been to make the world safe for exchanging digital information. The explosion of devices is transforming how the world works, thinks and acts. It is clear that the ecosystem is still evolving and there is work to do to ensure organizations and individuals can operate and live safely in this new reality.”

Trend Micro’s venture will offer companies financial backing, access to its world-class global threat intelligence, strategic alliances, as well as its channel of more than 28,000 partners.

In return, working with these investments will uncover insights into emerging ecosystem opportunities, disruptive business models, market gaps and skillset shortages. These learnings will influence Trend Micro’s cybersecurity solution planning across the company.

“We have a 29-year history of successfully anticipating technology trends to secure all types of environments,” said Chen. “The first mega wave we caught was the growth of the PC marketplace; we committed early on to endpoint protection and remain a Leader in Gartner’s Magic Quadrant for Endpoint Protection Platforms today2. The second mega wave was all about the cloud; we made a bet early on to securing the cloud and so far we have secured over two billion workload hours on Amazon Web Services (AWS) alone. Now, we believe the next wave has arrived with IoT; our fund will help us harness this opportunity.”

With a strong financial position and 72 quarters of consecutive profitability, Trend Micro is well positioned to invest funds to do research and make advancements consistent with its corporate strategy. The formation of this venture arm allows additional freedom to dive into new areas without disrupting core business resources.

Posted by : Dubai PR Network Editorial Team
Viewed 2788 times
PR Category : Technology
Posted on : Thursday, June 29, 2017  3:26:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Petya-like wormable malware: The “Who” and the “Why”
Next Story : Panasonic HIT Solar Module Achieves World's Highest Output T...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
LG Q6 Brings Fullvision Display To New Smartphone Lineup [72840-Views]
Chaumet est une fête - Chaumet is a feast : High Jewellery Collection HJ 2017 [12072-Views]
LG's Latest Tech Supports Stress-Free Connectivity For Ultimate Relaxation During Any Work... [10882-Views]
TSUGI BLAZE EvoKNIT [10644-Views]
DEFY The Odds This Summer [9870-Views]
Fa Kids Shower Gel Range [9772-Views]
TAG Heuer Connected Watch Modular 45 Dubai Special Edition to enjoy a timely launch that c... [9760-Views]
MICHAEL Michael Kors Fall 2017 Collection - Effortless Cool [9620-Views]
BOVET - Secret Beauty - for ONLY WATCH 2017 [8943-Views]
It's All About The Mix - Chronoswiss Flying Regulator Now in Bicolor [8747-Views]
Elemis new products review [8668-Views]
GUESS Launches Summer 17 Apparel And Accessory Collections [8174-Views]
New Collections at Grand Optics for Summer 2017 [7899-Views]
Step into the sun in style with our top selection from Giorgio Armani, Prada and Dolce&Gab... [7790-Views]
Introducing the GUESS Jeans Summer 2017 Advertising Campaign [7674-Views]
IKEA collaborates with six talented artists to introduce latest 2017 STUNSIG Limited Colle... [7534-Views]
ICONIC Renews Association with Varun Dhawan and Amy Jackson [7143-Views]
Middle East Food Forum set to launch its Restaurant Leadership Business Series Workshop 4 [6899-Views]
PUMA Football Launch 23 New Club Kits [6771-Views]
Summer Bazaar '17 opens at the Dubai World Trade Centre [6667-Views]
Chronoswiss Creates Extravagant Unique Piece Flying Regulator For Only Watch Charity [6558-Views]
Ulysse Nardin Jade “Lionfish” [6423-Views]
ACT TOO opens enrollment for Summer Acting Programme 2017 [6185-Views]
Arabian Healthcare Group launches fitness programme across corporates in UAE [6100-Views]
Joyalukkas presents ¼ Kilo Gold to the Winner of the ongoing ‘Joyalukkas Shop & Win Upto 6... [6088-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories