ARM Holdings (NASDAQ:ARMH) has launched a new mobile security joint venture called Trustonic. Trustonic provides a secure area within a smartphone that is independent of the operating system, reducing the risk of infection from software viruses and spyware.
The new company's aim is to establish a standard, secure platform for businesses to provide services such as mobile commerce to the growing ranks of smartphone and tablet users. The platform is to be built on ARM's existing TrustZone technology.
ARM has two European security software firms as partners in Trustonic: Gemalto from the Netherlands and Germany's Giesecke & Devrient.
Eric Volkman has no positions in ARM Holdings. The Motley Fool has no positions in ARM Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.