Lookout sells its consumer business to F-Secure to focus on the enterprise market. F-Secure, on the other hand, is expanding its consumer services.

F-Secure announced the transaction in its quarterly financial report. According to TechCrunch, the Finnish cybersecurity company is paying $223 million to acquire Lookout’s consumer business. With this, Lookout has completely shifted its focus to the enterprise market. Both companies hope to close the deal by July.

In the early days, Lookout was entirely focused on the consumer market. The security company launched an antivirus scanner for mobile devices in 2009. The Lookout Life app, available for Android, iOS, and ChromeOS, remains the company’s most well-known product.

Thanks to cooperation with Samsung, among others, Lookout began to focus more and more on the enterprise market. The company is now completing this development by giving up its consumer division. This is intended to position the company more strongly in relation to the specialist public, explains CEO Jim Dolce to TechCrunch.

F Secure

F-Secure then took the opposite step. The company has long been active in both the consumer and business markets. On June 30, 2022, the company was split into two parts. The branch of the company was continued independently under the name WithSecure.

With the takeover, F-Secure gains the 200 million users of Lookout Life as customers in one fell swoop. F-Secure also hopes to gain a foothold in the ChromeOS ecosystem, which is still new territory for the company.