Riptech

Last updated
Riptech
Company typeDefunct
Industry Computer security
FoundedApril 1998;27 years ago (1998-04)
DefunctAugust 2002;23 years ago (2002-08)
FateAcquired by Symantec (now Gen Digital)
Headquarters
Website www.riptech.com   OOjs UI icon edit-ltr-progressive.svg

Riptech was a network security company.

History

The company was founded in April 1998, during the dot-com bubble, by Amit Yoran along with his two brothers and Tim Belcher. It began operations in December 1999 and raised $45 million in venture capital from Columbia Capital, Providence Equity, and Broadview Capital. [1] It was sold to Symantec (now Gen Digital) in August 2002 for $145 million in cash. [2]

References

  1. "Riptech on frontlines of cybersecurity". United Press International . January 14, 2002.
  2. Sagi-Maydan, Mary (August 22, 2002). "A Big Sale for (U.S.) Military Veterans Elad and Amit" . Haaretz .