Full details of the transaction, which is expected to be complete by the end of 2008, have not been released. According to Symantec, the Australian-based PC Tools, which also makes security software, will continue to offer products under its brand-name.
"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 firmly position ourselves for continued incremental growth in a rapidly expanding market," said Janice Chaffin, Symantec group president of consumer products.
Analysis: Symantec gobbles up PC Tools