Yes, a complete waste of money. There is free software easily available for doing exactly the same job.
Moving software from one computer to another is only of any use if you also move the OS and that can be done with free cloning software or the Micosoft Migration Tool. Problem with that is you loose the use of one of the PC's due to Microsoft licensing restrictions.
The only way to keep the OS on the new machine as it is, requires the re-installation of the software.
Moving all your personal files and saved data, as already mentioned, can be done using several different methods that don't require any additional software at all.