Startups
Philadelphia

Symantec purchases company in First Round portfolio

Symantec Corp, maker of Norton anti-virus software, has acquired Mi5 Networks, provider of super-fast Web security products. While Mi5 is based on that other, less awesome coast, their largest financier, First Round Capital, has offices in West Conshohocken. In a phone interview, Lead Partner Josh Kopelman confirmed the deal but said the details of the […]

First Capital's Mi5 gets purchased by Symantec

mi5 Symantec Corp, maker of Norton anti-virus software, has acquired Mi5 Networks, provider of super-fast Web security products. While Mi5 is based on that other, less awesome coast, their largest financier, First Round Capital, has offices in West Conshohocken. In a phone interview, Lead Partner Josh Kopelman confirmed the deal but said the details of the transaction are remaining private at this time. CNET is reporting that it was an all-cash exchange. Symantec will integrate the company’s technology that protects users from Web-based threats into its existing software platform by later this year.

Companies: First Round Capital / Symantec
Subscribe

Knowledge is power!

Subscribe for free today and stay up to date with news and tips you need to grow your career and connect with our vibrant tech community.

Trending

What roles do gender and race play in the IT job market?

Techstars startup 1to1 is helping ecommerce vendors personalize your shopping experience

WeWork ditched its original Philly coworking space at The Piazza

Two years in, Philly gov leaders reflect on the $10M Operations Transformation Fund

Technically Media