New York-listed software company McAfee has agreed to acquire corporate venturing-backed Trust Digital, a US-based provider of smartphone services. No financial terms were disclosed.
Trust Digital had raised more than $26m over the past six years from Summerhill Venture Partners, a Canada-based venture capital firm formed by and still affiliated with the Bell Canada group of companies, and independent VCs Avansis Ventures, Core Capital Partners, Fairhaven Capital Partners, MMV Financial and Square 1 Bank, according to Dow Jones VentureWire.