ON Technology (acq. by Symantec)
Investment Year
1994
Exit
1996
Geography
North America - East

ON Technology (acq. by Symantec)

ON Technology was the leading provider of LAN applications and utilities for Novell networks. In 1994, BVP's David Cowan led a round to fund ON's acquisition of DaVinci Systems. Two years later, the company went public (NASDAQ:ONTC). ON was acquired in 2002 by Symantec (NASDAQ:SYMC) and the company's CEO, Chris Risley, became a BVP operating partner.