Riptech was a network security company.

History

The company was founded in April 1998, during the

dot-com bubble The dot-com bubble (or dot-com boom) was a stock market bubble that ballooned during the late-1990s and peaked on Friday, March 10, 2000. This period of market growth coincided with the widespread adoption of the World Wide Web and the Interne ...

, by

Amit Yoran Amit Yoran (December 1, 1970 – January 3, 2025) was an American businessman, most notable as the chief executive officer of Tenable, Inc. from January 2017 to December 2024. He was also a member of the board of directors of the Center for Inte ...

along with his two brothers and Tim Belcher. It began operations in December 1999 and raised $45 million in

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

from Columbia Capital,

Providence Equity Providence Equity Partners L.L.C. is a specialist private equity investment firm focused on media, communications, education, and technology investments across North America and Europe. The firm specializes in growth-oriented private equity inves ...

, and Broadview Capital. It was sold to Symantec (now

Gen Digital Gen Digital Inc. (formerly Symantec Corporation and NortonLifeLock Inc.) is a multinational software company co-headquartered in both Prague, Czech Republic (European Union, EU) and Tempe, Arizona (United States, USA). The company provides comp ...

) in August 2002 for $145 million in cash.

References

1998 establishments in the United States 2002 disestablishments in the United States 2002 mergers and acquisitions Defunct software companies of the United States Gen Digital acquisitions {{US-software-company-stub