Riptech
Riptech was a network security company.
| Company type | Defunct |
|---|---|
| Industry | Computer security |
| Founded | April 1998 |
| Defunct | August 2002 |
| Fate | Acquired by Symantec (now Gen Digital) |
| Headquarters | |
| Website | www |
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
- "Riptech on frontlines of cybersecurity". United Press International. January 14, 2002.
- Sagi-Maydan, Mary (August 22, 2002). "A Big Sale for (U.S.) Military Veterans Elad and Amit". Haaretz.
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