Symantec acquires PC Tools

Symantec has announced to acquire PC Tools (manufacturer of eg. Spyware Doctor).

From press release

– Symantec Corp. (Nasdaq: SYMC), today announced it has signed a definitive agreement to acquire PC Tools, a global provider of innovative software products designed to protect the privacy and security of Windows® computer users. The financial terms of the acquisition are not being disclosed. The transaction is expected to close by the end of the calendar year and is subject to customary closing conditions and regulatory approvals.

With the addition of PC Tools, Symantec will expand its consumer product portfolio to include award-winning PC utilities software and point security technologies. PC Tools will help Symantec expand its reach with consumers in new emerging regional markets and will bring an array of go-to-market capabilities, that have been effective with consumers in many markets around the world.