Monday, August 18, 2008

Symantec Buys PC Tools

Cupertino-based Symantec announced Monday afternoon that it has signed a definitive agreement to acquire Australian software firm PC Tools, which develops security and privacy software for Windows PC users. Financial terms of the deal were not disclosed. Symantec said the buy expands its consumer product portfolio, specifically in new, emerging regional markets. PC Tools will continue as a separate operation, as part of Symantec's consumer business unit.