Is the bloodhound.exe process a virus, spyware or malware?

Process description:

Key Logger

Author: Dreamer Software
Part of: PCBloodhound
Process 'bloodhound.exe' is associated with 'PCBloodhound' a PC activity monitoring application.

PCBloodhound is not spyware in the usual sense but is user activated in order to monitor the activity of children, spouse, employees, mainly whilst on the internet.

PCBloodhound is able to log and record all PC activity, record keystrokes, record e-mail and chat messages and also to capture screenshots of online activity.
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Common location(s):
%system% and %program files/pcbloodhound%
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What is this bloodhound.exe process and what does it do?
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Anyone have ANY info?
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