Mahesh Sharma | August 19, 2008
SYMANTEC has bolstered its consumer product portfolio with the acquisition of Australian security software developer PC Tools.
The value of the deal wasn’t disclosed. It is expected to be finalised by the end of the year.
PC Tools is headquartered in Sydney, with offices in US, Britain, Ireland and Ukraine. Symantec said the acquisition expands its reach in emerging regional markets.
PC Tools has over 200 staff globally and will remain a separate entity in the security giant’s consumer business.
Chief executive Simon Clausen will report to Symantec’s group president of consumer products, Janice Chaffin.
Symantec will not rebrand PC Tools’ products and will maintain existing partners and channels.
While there is significant overlap with Symantec’s security offerings, PC Tools also has a range of PC utility products to maintain, repair and optimise Windows operating environments.
PC Tools also recently released anti-virus software to protect the Mac OS X operating system.