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."
Read the full story on eWEEK.com >>