The story
Fifth Generation Systems was founded in 1984 and grew to become a significant publisher of system utilities through the late 1980s and early 1990s. Its flagship product, FastBack, was an early hard disk backup utility that competed directly with The Norton Backup from Symantec.
All four founders later departed following the acquisition of the company by Barry Bellue, who was subsequently accused of fraud and theft from company accounts.
Symantec acquired Fifth Generation Systems in October 1993 for US$53.8 million, absorbing its product lines into the Symantec and Norton portfolio.
From Wikipedia’s article on Fifth Generation Systems, shared under CC BY-SA 4.0.4