TouchStone Software Sold for $18 Million

Phoenix Technologies of Milpitas, CA, said today that it will acquire TouchStone Software, the North Andover, MA-based maker of tools for diagnosing and updating Windows personal computers.  Touchstone stockholders will get $1.48 for each share, making the total value of the deal roughly $18 million. TouchStone’s core product is a yearly service that gives customers access to the company’s database of software drivers for PC peripherals. Phoenix develops PC firmware such as the “BIOS” that loads the operating systems software into your computer when you start it.

Erik Mellgren is a Swedish journalist who worked for Xconomy Boston in 2008 as part of the Stanford Innovation Journalism Fellowship program. His real job is with Ny Teknik, a leading technology and innovation magazine in Sweden, but he loved seeing the Red Sox at Fenway. Follow @

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