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.