Lifelock – Full Press Release

From Lifelock.

LifeLock Identity Theft Prevention Service

Announces $6 Million First Round Funding

Investment from Leading Venture Capital Firm Bessemer Venture Partners

Will Drive Growth Initiatives

TEMPE, AZ – (November 13, 2006) – LifeLock, the industry leader in theprevention of identity theft, today announced it has raised $6 millionin a first round venture investment from one of the world’s leadingventure capital firms, Bessemer Venture Partners. Among other uses, thefunding will be used to extend consumer awareness of LifeLock’spioneering, guaranteed services-already the world’s most popular defenseagainst identity theft.

“We thank our tens of thousands of satisfied customers who made itpossible for us to attract Bessemer as a partner,” said Todd Davis, CEOof LifeLock. “Bessemer’s century of experience funding ventures infinancial services and information security will help us sustainLifeLock’s friendly, dependable service through this hypergrowth phaseof our business.”

LifeLock was founded last year by seasoned veterans in the fields ofbanking, payment, credit and security who set out to defend individualsfrom the onslaught of identity theft at a time when our personalinformation credentials are increasingly compromised through the mail,medical records, and the internet. They crafted a simple, pro-activeservice for guaranteed ID theft prevention offered to the public forjust $10 per month or $110 per year. Already, many colleges anduniversities, professional associations, credit unions and others havechosen LifeLock as their preferred ID theft prevention partner.

“The reported rise in data breaches among vendors, banks and web sitesexposes the need for new technology to defend us from the onslaught ofI.D. thieves,” said David Cowan, the Bessemer partner who has joinedLifeLock’s board of directors. “So as Bessemer set out to find and fundthe solution to this problem, it was clear to us that LifeLock has thewinning team, the best technology, and the happiest customers.” Mr.Cowan’s previous investments include security service providers Postini,Cyota (acquired by RSA), Counterpane (acquired by British Telecom), andVerisign, which Cowan co-founded in 1995.

About LifeLock

LifeLock was the nation’s first ID Theft Prevention Company thatmaintains active fraud alerts with the three major credit bureaus, aswell as ChexSystems. LifeLock gives people control of their owninformation, giving them the ability to authorize every riskytransaction such as address changes and opening of credit lines.LifeLock renders personal information useless to thieves, backing up itsservice with a million-dollar guarantee to completely fix any problemsif a client is ever compromised. Located in a secure facility in Tempe,Arizona, LifeLock is a private company registered with Dun & Bradstreet,Verisign, ScanAlert HackerSafe, and the BBBOnline Reliability Program,and is a corporate sponsor of the National Crime Prevention Council.

About Bessemer Venture Partners

Bessemer Venture Partners is the oldest venture capital practice in theUnited States, carrying on a tradition of hands-on, active investingthat has continued since 1911. The firm manages two billion dollars ofventure funds from offices in Silicon Valley, Boston, New York,Shanghai, and Mumbai. Over 100 Bessemer companies have gone public,including Blue Nile, Ciena, Gartner Group, Ingersoll Rand, InternationalPaper, Maxim, Parametric, Perseptive Biosystems, Staples, VeriSign,Veritas and W.R. Grace.