Aussie security company set to be snapped up by Symantec

Symantec has announced it has signed an agreement to acquire Australian security vendor PC Tools.

Symantec has announced it has signed an agreement to acquire Australian security vendor PC Tools. The privately held PC Tools, which is headquartered in Sydney, has risen to global prominence since hitting the world stage in 2003 with its security and privacy products for Windows-based PCs.

Symantec has not disclosed the financial terms of the acquisition and says that the transaction is expected to be completed by the end of 2008 subject to closing conditions and regulatory approvals.

The companies have some crossover in terms of the products they bring to consumers, although PC Tools has gained its market share with free and competitively priced versions of its products, as well as award-winning performance. It's Spyware Doctor software has consistently performed well in PC World's tests.

According to Catriona Turner, Symantec’s public relations spokesperson for Asia Pacific and Japan, the company's focus “has always been to help consumers manage their technology, from system utilities to security and online backup. PC Tools will broaden our portfolio in the utilities category, as well as with point security technologies.”

Turner added: “While there are some areas of technology overlap, such as basic antivirus and firewall, PC Tools brings unique complementary technologies such as PC maintenance and utility capabilities. Also, PC Tools’ automated response infrastructure leverages several of their security technologies, and will provide additional coverage of emerging threat types.”

While Symantec already has a strong global presence, the company has cited the fact that PC Tools’ products are available in more than 196 countries and in up to 27 languages as helping to expand Symantec’s reach into emerging markets.

PC Tools' Malware Research Centre — which monitors trends and emerging spyware issues — will also prove a boon for Symantec should the acquisition go ahead. Turner revealed that part of the reason Symantec is acquiring PC Tools is because of the knowledge and experience possessed by the latter's employees. “Therefore, we are very interested in retaining PC Tools employees after the acquisition", she said.

According to Symantec, PC Tools will maintain separate operations within Symantec’s consumer business unit, with Simon Clausen, PC Tools' chief executive officer, continuing to lead the team. He will report to Janice Chaffin, Symantec group president of consumer products. Symantec says it will essentially be business as usual for PC Tools, which will sell its full catalogue of products and support its loyal customer base.

Join the PC World newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Amanda Conroy

PC World
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?