Symantec to buy PC Tools

[Ceyfer √]

Symantec Acquires PC Tools
- The transaction will conclude by the end of the year
By: Denisa Ilascu, Internet / SEO News Editor

Symantec has announced the imminent takeover of PC Tools, a security software manufacturer. Although the transaction has already been discussed and both parties have agreed to it, the actual buy is expected to take place by the end of the year. The sum the Cupertino-based security company is to pay for the acquisition has not been disclosed.

"We are excited to welcome PC Tools into the Symantec consumer family and believe the combination of our two companies will provide additional value and choice for consumers worldwide to better enable and protect their digital life," said Symantec Group President of Consumer Products Janice Chaffin. "By adding PC Tools, we build on the market-leading success of Symantec’s consumer offerings and firmly position ourselves for continued incremental growth in a rapidly expanding market." she added.

The main incentive behind the transaction was that Symantec wanted to expand to more markets and, since PC Tools is based in Australia, but with offices in the U.S., the U.K., Ireland and Ukraine, it makes said goal easily achievable. The Cupertino-based security company will benefit from some technologies provided by PC Tools, while the majority of the software applications produced by the acquired company will remain the same. As the Norton manufacturer says, "PC Tools will continue to offer their products under the PC Tools brand and serve its customers through its existing partners and channels."

Although a PC Tools official statement was not yet available at the time of writing, an employee of the company confirmed that PC Tools would operate as a distinctive module within Symantec, a unit that would be led by the current CEO of the company, Simon Clausen. The deal is basically explained as a way to share different technologies and create better products than if they had developed separately.

The question that arises is of whether PC Tools will still be able to distribute free-of-charge products or not, as Symantec is loyal to the business model based on the commercialization of proprietary software. The two companies have not disclosed any details regarding this matter so far.

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that ouch for PC tool who are offering solid free security apps like Spyware Doctor Starter edition and others...

that's good for Symantec it would boost it's product line and security tech.but also coould destroy the PC Tools software by integrating it on their future solutions...

What happen to Sygate?

[shan]

hu i think symantec is trying to eliminate competion as pc tools antivirus is not a resource hog or a puny antivirus. they even have lot more other tools.

and i herd symantec took over mcafee in 2006 or something. is that ture

[NinjaRicer]

NOOOOOOOOO! (Am I allowed to yell on that part? If not, please edit/delete my post.)

[brayden]

I'm sure your allowed to yell when it's just a part of it anyway PC Tools is too good to die by the hands of Symantec's memory usage.

[prashanthpai]

Symantec will surely bring a lot of improvements and the company is 'bloatware' conscious by now.
The question that arises is of whether PC Tools will still be able to distribute free-of-charge products or not, as Symantec is loyal to the business model based on the commercialization of proprietary software. - this is the topic to worry.

[Raymond]

Oh man what a waste! I sure hope that they'll continue distributing free of charge products!

[shan]

I'm sure your allowed to yell when it's just a part of it anyway PC Tools is too good to die by the hands of Symantec's memory usage.

well i wont wory about symantecs memory useage after 2008. as they are working on a project code named zero impact or something. u wont notice there software is on ur computer untill u really need it.

[Solaris]

well i wont wory about symantecs memory useage after 2008. as they are working on a project code named zero impact or something. u wont notice there software is on ur computer untill u really need it.

Zero impact, whats that? o.O

[shan]

well its thing which we cant see and toch build in side the software which makes the product consume less memory.

[utkarsh30june]

Oh no! Symantec will spoil the company PC Tools and shut its good and free products like Spyware Doctor just as it did after buying and spoling Sygate which was famous for its Very Powerful Firewall