Symantec is known for being acquisitive, but in this case, it decided to buy in rather than buy out. It’s taken a stake in Mocana, a firm that specializes in cloud-based security for a wide variety of electronic devices, not just PCs. eSecurity Planet has the complete list.
Symantec continued its recent spending spree this week by investing an undisclosed amount in Series C funding in Mocana, a San Francisco-based developer of cloud-based security applications for connected, non-PC smart devices including smartphones.
Company officials said this latest round of financing will be used to expand Mocana’s product lines, grow its international operations and ramp up sales and marketing activities.