More capital infusion into the Valley.  Another great example of a software vendor placing further bets in related services offerings.  Does Symantec pick up LifeLock eventually or does it hold out for an IPO?

[From VentureBeat]

Symantec helps pump $20M into identity theft protection company Lifelock

August 5, 2009 | Matt Marshall

Internet security company Symantec and other investors have invested $20 million into identity theft protection company Lifelock, VentureBeat has learned from a source. The two companies have also signed a partnership deal to offer a bundled online and offline security product.

Interestingly, former Google chief financial officer George Reyes is on the board of both Symantec and Lifelock.

Lifelock’s chief executive Todd Davis is still offering a $1 million “service guarantee” on the company’s home page that it will protect your identity. As you can see (image left), he’s still openly advertising his own social security number, effectively challenging identity thieves to take advantage of him.

Of course, as we reported last year, someone actually did manage to steal his identity, and they convinced an online payday loan operation to give them $500. LifeLock customers sued Davis, but Davis fought back saying this was exactly the sort of scam that Lifelock protects against — namely, that there is no way that you can avoid getting taken to the cleaners for $500, and that Tempe, Arizona’s Lifelock’s guarantee to cover you for $1 million is a way to protect yourself.

Symantec, based in Cupertino, Calif., sells the popular Norton Internet Security and Norton AntiVirus products. Customers buying either of these products will be offered a free 30-day LifeLock service, 10 percent off a membership subscription and two free movie tickets. Two free tickets? A blatant attempt to lure in security-conscious couples, if there ever was one — but this company has always been heavy on marketing. It had previously raised at least $31.5 million in financing from venture capital firm Kleiner Perkins and others, so the total is now more than $51 million.