New York Life is set to exit mobile threat detection platform Skycure, which has agreed to an acquisition by Symantec for a reported $250m.

Cybersecurity software producer Symantec has agreed to acquire Israel-based mobile threat detection platform Skycure for an amount reported by Globes to be $250m, allowing insurance firm New York Life to exit.

Skycure has created an artificial intelligence and machine learning-equipped software platform that combines crowdsourced threat intelligence with device and server-based analysis to predict and combat cyber threats to mobile devices.

The technology will be incorporated into Symantec’s enterprise and consumer mobility products post-acquisition, giving added protection to what it…