Symantec snaps up Mi5 to grow its small business protections

Symantec announced that it has bought web security firm Mi5 Networks to expand its portfolio of security software tailored to small businesses. With the Sunnyvale, Calif. company’s technology, the corporation plans to strengthen its abilities to analyze all of the web traffic entering and exiting business web sites. No further details were disclosed about the all-cash deal.

In addition to the acquisition, Symantec also announced it will be rolling out a new suite of security software itself.

In the past, Mi5 has raised funds from Band of Angels, First Round Capital and Labrador Ventures.

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