PC Tools sells out to Symantec
// August 20th, 2008 // No Comments » // News
Money talks as PC Tools falls to Symantec
The ever-acquisitive Symantec is to buy anti-malware vendor PC Tools, taking another prominent independent out of circulation.
The deal to buy the privately-held Australian vendor has yet to be finalised, and the price announced, but is reported to be set to complete by the end of the year.
PC Tools sells a number of products for consumers and small businesses, including several – Spyware Doctor, PC Tools Anti-Virus and PC Tools Internet Security – that overlap heavily with products sold by Symantec. The fate of these products has yet to be made clear, though Symantec has said that the brand and company will continue as a separate division, with current PC Tools CEO, Simon Clausen, at its head.
“The combination of our two companies will provide additional value and choice for consumers worldwide to better enable and protect their digital life,” Symantec’s Janice Chaffin said, giving away nothing.
“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 said.
Courtesy of Techworld
Alright I’m not a huge fan of Symantec and this sale doesn’t make me any more likely to like them in the future. I just can’t believe some of their purchases. They bought Sygate and effectively dissolved the company and integrated their technology into the new Endpoint Protection. The bought @Stake who made LC5 (L0phtcrack), and dissolved that company citing that US export regulations. They basically throw their money around and ruin great companies. I used to actually do some Professional Services through an IT company for Symantec. If you didn’t like them before try working with the Professional Services division of Symantec. Seriously it was one of the most screwed up experiences of my life. It didn’t help that the company I worked for didn’t want to train us on anything and would just throw us out to the wolves by sending us to Enterprise clients to implement products that we were certainly not qualified to even talk about, let alone install. I’m sure I will include some great stories on this at a later time.

