iolo Acquired By Phoenix Technologies

Los Angeles-based Iolo, the developer of performance optimization software for PCs and mobile devices, has been acquired by Phoenix Technologies Ltd., the companies said yesterday. Financial terms of the buy were not disclosed. The two companies said the acquisition will expand the global distribution channels for iolo's products, plus bolster Phoenix's portfolio of products. Phoenix is a major provider of embedded BIOS and other products for the PC and tablet market. iolo was founded by Noah Rowles.