After acquiring malware defense company Fireglass, Symantec Corp. (Nasdaq: SYMC) has made its second deal of July with the purchase of Skycure, a threat intelligence company for mobile devices. The target is backed by a group of investors, including: Foundation Capital, Shasta Ventures, Pitango Venture Capital, and New York Life Investment Management.
Skycure provides predictive mobile threat defense services across Android, Windows and iOS devices, such as iPhones and Apple Watches. The target’s technology leverages crowd-sourced threat intelligence and device analysis to proactively protect mobile devices from malware, network threats, and app vulnerability exploits. Skycure has offices in Palo Alto, California and Tel Aviv, Israel. O’Melveny & Myers LLP served as legal counsel to SkyCure, while financial terms of the deal were not disclosed.