Australian buy for Symantec

Sydney-based consumer specialist to be bought

Symantec is to acquire Australian consumer security software maker PC Tools. PC Tools is based in Sydney and has offices in the US, UK, Ireland and Ukraine. In a statement announcing the buy, Symantec group president of consumer products Janice Chaffin is quoted as saying “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.” The financial terms of the deal weren’t disclosed, but Symantec says the PC Tools brand will continue within Symantec's consumer business unit. The acquisition is expected to be completed by the end of the year, subject to regulatory approval, Symantec says. The PC Tools buy won’t be Symantec’s first in this part of the world; in 1998, it acquired New Zealand disk cloning specialist Ghost, and in 2005 it bought Brisbane-based licensing compliance software maker XtreamLok.

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