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A series of recent transactions underline the rising pace of interest in vendors of Internet and homeland security technologies.
First, Symantec announced on July 17th its acquistion of SecurityFocus, Riptech and Recourse Technologies for a total of about $355 million in cash. These targets offer network intrusion detection, firewalls, threat databases and secure e-mail services and products.
Then today Waveset Technologies, a provider of identity management software, announced its raise of $13 million from venture capitalists in a Series C round. The funding, led by Lightspeed Venture Partners, was joined by other previous investors Austin Ventures, Origin Partners, and Silverton Partners.
Finally, also on September 4th, IBM acquired Access360, another provider of identity management software, for an amount probably north of $125 million. The company, which had earlier raised $81 million from a group of venture capitalists, Oracle and VeriSign, had just reached break-even.
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