Kyocera to buy data security co for $127 million: Nikkei
(Reuters) - Japanese electronics firm Kyocera Corp (6971.T) will buy security software developer Motex Inc for about 10 billion yen ($126.7 million) to tap into the growing demand for secure smartphone data, the Nikkei reported.
The two companies will develop remote monitoring systems for smartphones and tablets, the Japanese business daily said.
Motex holds more than a 30 percent share of the corporate PC network security software in Japan, the Nikkei said.
The deal will boost annual sales for the Kyocera group's security business to nearly 5 billion yen, the paper reported.
($1 = 78.9000 Japanese yen)
(Reporting by Mridhula Raghavan in Bangalore)
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Uruguay becomes first country to legalize marijuana trade
- Pope Francis named Time's Person of the Year
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls