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20 Aug 2008
Security software giant Symantec has agreed to acquire consumer security specialist PC Tools.
The deal will give Symantec greater reach in the consumer security market, an area which has traditionally been one of its weak points.
Under the deal, PC Tools will remain intact and operate as a subsidiary of Symantec's consumer business unit. PC Tools chief executive Simon Clausen will remain in charge of the unit's operations.
"We are excited to welcome PC Tools into the Symantec consumer family," said Janice Chaffin group president of consumer products at Symantec.
"We believe that 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."
Terms of the deal were not disclosed. Symantec hopes to close the transaction by the end of the year.
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Do you agree?
Symantec to buy PC Tools
I hope that the quality of PC Tools Software is not adversely affected by Symantec. When Peter Norton's group of programs were bought out by Symantec, the overall quality of the customer customer interaction seem to diminish! Peter Norton cared about customers and showed it in the software quality. Now, its like trying to pull hens teeth to get any feedback results out of Symantec! In fact, I have personally migrated away from Symantec's Nortons 360 to PC Tools, because of the poor software of the former!
Posted by: PAUL COUPLAND 20 Aug 2008
Deja Vu?
Just wondering if my memory is correct. When Symantec was just plain Norton's didn't they call their utilities package PC Tools? It seems like I remember using their PC Tools package back in the 80's.
Posted by: R. Mishler 20 Aug 2008
Sad news
Sad news. I stopped using Norton/Symantec when two years running they reset my renewal date to the date I paid, not the date the package expired. Each year I lost several weeks cover. Once could be an error, twice must be company policy. Beware.
Posted by: George Hart 20 Aug 2008