Symantec Acquires Windows Security Vendor PC ToolsBy Brian Prince | Print
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The acquisition brings PC Tools' computer maintenance, utility and security technologies into Symantec's consumer products
Symantec has signed a definitive agreement to acquire PC Tools, a provider of security and utilities software for Microsoft Windows.
Financial terms of the deal, which is expected to close by the end of 2008, were not disclosed. Headquartered in Australia, PC Tools has offices in the United States, United Kingdom, Ireland and the Ukraine. According to Symantec, the acquisition is meant to expand Symantec's reach into new markets and bring PC Tools' computer maintenance, utility and security technologies into Symantec's consumer products. PC Tools' product portfolio includes Spyware Doctor, Registry Mechanic and Desktop Maestro, which integrates registry cleaning, system monitoring and privacy cleaning.
"As consumers create more and more digital information, they are looking for help in securing and managing that information across devices," said Nicole Kenyon, a spokesperson for Symantec. "Our focus has always been to help consumers manage their technology, from system utilities to security and online backup. PC Tools will broaden our portfolio in the utilities category, as well as with point security technologies."