Fifth Generation Systems

Last updated
Fifth Generation Systems, Inc.
Industry Computers
FoundedOctober 1984;39 years ago (1984-10) in Baton Rouge, Louisiana, United States
DefunctOctober 4, 1993;30 years ago (1993-10-04)
FateAcquired by Symantec
Headquarters Baton Rouge, Louisiana, United States
Parent Symantec

Fifth Generation Systems, Inc., was a computer security company founded October 1984 in Baton Rouge, Louisiana, United States by Robert Mitchell, Leroy Mitchell, Roger Ivey, and Bruce Ray. All four later left the company after it was acquired by Barry Bellue [1] who was accused by the founders of fraud and continued theft from company accounts for illegal personal use. [2] Fifth Generation's initial commercial product was FastBack, an early competitor to The Norton Backup from Symantec. [3]

Fifth Generation Systems software

The company was acquired by Symantec on October 4, 1993, for US$53.8 million. [11]

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References

  1. Font, Penny (2018-03-05). "News alert: Arrest warrants issued for Thinkstream's Barry Bellue, Morris Alexander". Baton Rouge Business Report. Retrieved 2023-12-27.
  2. Skene, Lea (2018-03-05). "Ex-Baton Rouge software company CEO accused of using employees' 401(k) funds for personal expenses". The Advocate. Retrieved 2023-12-27.
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