The makers of the popular Norton antivirus software add yet another security start-up to its portfolio.
By Priya Ganapati
September 22, 2005
Symantec made its second acquisition in two months Thursday with the buyout of WholeSecurity, a startup that offers an anti-phishing tool and a behavior-based analysis of security threats to block them as they occur.
Terms of the transaction, which is expected to close next month, weren’t disclosed. The companies announced the sale after the stock market closed, but Symantec’s stock fell $0.10 to $21.09 in after-hours trading. Prior to the announcement, Symantec shares fell $0.13 to $21.19.
WholeSecurity was founded in 2000 and has 80 employees. The company said it has over 100 customers for its products but declined to reveal its revenue. WholeSecurity had received $20 million in funding over two rounds from venture capitalists, New Enterprise Associates, Venrock Associates, Trellis Partners, and Parker Price Venture Capital.
More at Red Herring Online
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