Symantec Buys PC Tools

Symantec takes a bigger leap into the consumer PC security market by acquiring PC Tools for an undisclosed sum.

Symantec has a great reputation in computer security, and now it’ll have a bigger impact in the consumer market, as well as the emerging market, with the acquisition of consumer PC security company PC Tools. The deal is expected to close by the end of 2008, but Symantec would not release financial details.

PC Tools will operate under its own name as part of Symantec’s consumer business unit.

Symantec group president of consumer products Janice Chaffin said:

"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."

"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."