Aug 13, 2009

Symantec Partners with LifeLock to Unite $40M in Funding

in category: Corporate Development by: Joe Griffin

lifelocklogo2

Symantec and LifeLock are uniting their cause to make your online and offline experience safer by creating a limited edition Norton AntiVirus with a free 30 day trial membership to LifeLock. This is also accompanied with a 10 percent off extended membership and throws in two movie tickets.

LifeLock has had great success in raising funds. The initially kicked off with 2 million in seed funding, then in early 2006 locked in approximately $4.5 million in venture funding from Bessemer Venture Partners. LifeLock in the spring of 2007 raised $6 million in Series B funding from Kleiner Perkins Caufield & Byers, followed by $25 million in Series-C funding led by the Goldman Sachs Group Inc.

Both of these companies in the short term should see a nice bump in sales and hopefully with positive customer feedback these sales will hold for the 3rd and 4th quarter, and continue on into 2010.

Reblog this post [with Zemanta]

Read the rest of this entry »

  • 2 Comments
  • Sphinn It!

Tags: , , , , , , ,