Type: | Defunct |
Industry: | Computer security |
Fate: | Acquired by Symantec (now Gen Digital) |
Riptech was a network security company.
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]