May 16, 2005 10:34 AM PDT
Symantec buys in antipiracy tools
Symantec is beefing up its antipiracy efforts with the acquisition of Brisbane, Australia-based software licensing company XtreamLok. The 30-strong company develops advanced antipiracy and activation technologies that enable the licensing of software applications. Both companies refused to reveal details of the acquisition, which closed on Friday.
Through the acquisition, Cupertino, Calif.-based Symantec said it expects to have "greater control over the implementation of licensing technology for its product portfolio." "Symantec has been our largest customer for the past two years, and we look forward to continuing to work together," XtreamLok's David Tucker said. The XtreamLok team continues to be based in Brisbane. It is becoming part of the Symantec Consumer Products and Solutions division.
Kristyn Maslog-Levis of ZDNet Australia reported from Sydney.
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