NortonLifeLock Inc.
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NortonLifeLock Inc. - overview
Established
1982
Location
Tempe, AZ, US
Primary Industry
IT Security/Cybersecurity
About
NortonLifeLock Inc. , based in the US, specializes in cybersecurity and identity protection services, offering innovative solutions through its trusted consumer brands, including Norton and LifeLock. NortonLifeLock Inc. is a cybersecurity company formed in 1982 and headquartered in Tempe, US.
The firm was originally founded by Abidin Gulmus, Lou Peixoto, Sara Perot, and Todd Davis. It has undergone various business transformations, including a notable pivot leading to its rebranding from Symantec’s consumer security business. The company raised USD 3. 00 mn in its Series A funding round led by Kleiner Perkins, contributing to a total amount raised of USD 3.
00 mn. The firm's most recent funding deal occurred on June 23, 1989. NortonLifeLock Inc. provides a comprehensive suite of cybersecurity and financial wellness products under brands such as Norton, Avast, LifeLock, and MoneyLion.
Key offerings include award-winning antivirus solutions, identity theft protection services, and advanced financial management tools tailored for individuals and businesses across over 150 countries, particularly in North America, Europe, and Asia. In the most recent fiscal year, NortonLifeLock Inc. reported a revenue of USD 3,935. 00 mn, with an EBITDA of USD 2,029.
00 mn. The company's revenue model is primarily subscription-based, engaging in both direct-to-consumer and B2B transactions, providing customers access to its diverse range of cybersecurity and financial wellness products. NortonLifeLock Inc. plans to enhance its product offerings by developing new cybersecurity solutions aimed at expanding its market share.
The company is exploring entry into emerging markets in Asia and Europe by 2025, leveraging the recent funding to support these initiatives and strengthen its distribution partnerships. The rationale for the funding focuses on enhancing product development and market expansion, aligning with their strategic goals post-IPO in June 1989.
Current Investors
Hong Shan
Primary Industry
IT Security/Cybersecurity
Sub Industries
Consulting Services, IT Security/Cybersecurity, Systems Management Software, Monitoring & Security Software, Application Integration Software
Website
www.nortonlifelock.com
Verticals
Blockchain, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
NortonLifeLock Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| N/A | Completed | 350-380 Ellis Street | - | ||||||||
| N/A | Completed | Whisman Place | - | ||||||||
| Add-on | Completed | BullGuard Limited | - | ||||||||
| Trade Sale | Completed | Avira Operations GmbH & Co. KG | - | ||||||||
| N/A | Completed | Symantec Southern California Campus | - |
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