It is detected as a "potentially unwanted program". This is an anti-spyware application claiming to remove unwanted malicious spyware programs in an attempt to get you to purchase the full version of the product. In order to clean or delete any files labeled as “malicious spyware”, you must first enter a valid serial number to activate the full version or click on the “Buy Online” button and purchase the full version. 
This is simply a rebranded version of Adware-Spyaxe. It increases in overhead bandwidth due to download of additional components or updates. 
A privacy policy is not displayed during installation. However, a policy can be accessed on the author`s website: http://www.spywarestrike.com/privacy.php 
Files Added:
Installer: ss_setup.exe (2553 KB)
MD5: 232aa1a52c70fa4d5c7ad1d09b18b4d4 
%ProgramFiles%\spywarestike\uninst.exe (35 KB)
MD5: 1084efccdec44d0b86d1be7398262a0d 
%ProgramFiles%\spywarestike\spywarestike.url (1 KB)
%ProgramFiles%\spywarestike\spywarestike.exe (1376 KB)
MD5: bdc731bde32534d216af1eab8efa8b3f 
%ProgramFiles%\spywarestike\signatures.ref (994 KB)
%ProgramFiles%\spywarestike\msvcr71.dll* (348 KB)
%ProgramFiles%\spywarestike\msvcp71.dll* (499 KB)
%ProgramFiles%\spywarestike\lang\english.ini (size may vary)
%ProgramFiles%\spywarestike\quarantine\
c:\documents and settings\(user name)\start menu\spywarestike 2.5.lnk (1 KB)
c:\documents and settings\(user name)\start menu\programs\spywarestike\uninstall spywarestike 2.5.lnk (1 KB)
c:\documents and settings\(user name)\start menu\programs\spywarestike\spywarestike 2.5.lnk (1 KB)
c:\documents and settings\(user name)\start menu\programs\spywarestike\spywarestike 2.5 website.lnk (1 KB)
c:\documents and settings\(user name)\desktop\spywarestike.lnk (1 KB)
c:\documents and settings\(user name)\application data\microsoft\internet explorer\quick launch\spywarestike 2.5.lnk (1 KB)
                                    
                                
                                    Medium
 and click  Download eScan  update. The latest updates are downloaded,your system is scanned and the worm is removed.