Getting the very most out of the money you have requires big-picture thinking. With that in mind, here are six terrific long-term strategies you can put into play right now to save yourself thousands of dollars per year: more…
LifeLock Inc. raised $40 million in its latest financing round, bringing aboard software piracy heavyweight Symantec Corp. as one of the investors.
The money will be used to help the company expand into different distribution channels, continue its marketing push and keep up with its infrastructure, which has seen the company grow exponentially in the past two years, said CEO Todd Davis.
“We’ll continue to bring out our product offerings, continue to build our infrastructure,” he said, adding the company needs to make sure it has the equipment needed for its more than 440 employees.
In addition to new investor Symantec, a provider of computer and Internet security programs such as Norton AntiVirus, the funding round included previous investors Goldman Sachs & Co., Kleiner Perkins Caufield & Byers and Bessemer Venture Partners.
Symantec and LifeLock announced a partnership Friday morning in which a free, 30-day subscription to LifeLock’s credit alert system is being made available to purchasers of some Symantec products. The deal opens a broader distribution channel for the Scottsdale-based company, which has about 1.5 million clients paying up to $10 a month to have their credit reports monitored for unusual activity.
Part of the investment also will be used to help LifeLock expand beyond providing credit alerts. The Symantec deal is part of the company’s effort to broaden its appeal to providing security in various areas,
The funding round is LifeLock’s fourth and one of the largest this year in
“For companies that are demonstrating real growth, there is still money to be had,”
LifeLock’s four rounds funding have netted the company a total of about $77 million. The company has been expanding despite a setback in a lawsuit brought against it by credit bureau reporting agency Experian, which alleges its placement of fraud alerts are not allowed under the Fair Credit Reporting Act.
When the housing market collapsed, several bankrupt builders left behind half-empty subdivisions throughout the
But in recent months, lenders and land investors have been selling the vacant portions of those communities to other home builders, who are picking up where their failed competitors left off. more…
The Federal Reserve delivered a vote of confidence in the economy Wednesday, saying it would slow the pace of an emergency rescue program and indicating the recession appears to be ending.
The central bank also held interest rates steady at record lows, with a closely watched bank lending rate near zero, and again pledged to keep them there for “an extended period” to nurture an anticipated recovery. more…
Things are looking rosier for Anthem apartment complex BelaRosa, which is under new management after negotiating its way out of foreclosure. more…