Based in Tempe, Arizona, LifeLock offers services to consumers such as monitoring new account openings and credit-related applications in order to alert them about unauthorized use of their identity. It also works with government agencies, merchants and creditors to remediate the impact of identity theft.
LifeLock said it had 4.4 million members at the end of the third quarter, up 8 percent year-on-year.
Through the acquisition of Lifelock, Symantec would enhance its consumer unit, which provides antivirus software. The Mountain View, California-based company has been moving away from what is sees as more commoditized services, selling its data storage business Veritas in January to private equity firm Carlyle Group LP (CG) for $7.4 billion.
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