Panda Security

Overview

In 2005, Panda Security was the fourth largest antivirus vendor worldwide, with 3.2% of the marketplace. In November 2015, OPSWAT measured Panda Security's market share to be 3.6%. The company, whose shares were previously 100% held by Mikel Urizarbarrena, announced on April 24, 2007, the sale of 75% of its shares to the Southern European investment group Investindustrial and private equity firm Gala Capital. On 30 July 2007, the company changed its name from Panda Software to Panda Security and Urizarbarrena was replaced by Jorge Dinares. Almost one year later, on 3 June 2008, amidst flagging sales, the board of directors voted to replace Dinares with Juan Santana, the CEO. Santana resigned in September 2011 and was replaced by José Sancho as acting CEO. In February 2018, Juan Santamaría was appointed CEO of Panda Security after serving as General Manager.

The firm reportedly operates subsidiaries in several countries like Italy, Switzerland, Germany, Austria, Belgium, the Netherlands, France, the UK, Sweden, Finland, Spain, and Japan. Additionally, it has franchises in another 44 countries. The US subsidiary moved its headquarters to Orlando, Florida in 2009.

In late 2009, Panda Security created a partnership with Web of Trust to help fight the war on viruses.

Panda was previously embroiled in a lawsuit with one of its channel partners, External Technologies, Inc. In 2013, Panda prevailed in this lawsuit, recovering a judgment in excess of $100,000 and prevailing on all claims asserted by External against Panda. On 3 August 2010, a new office location in Menlo Park, California was publicly announced by Panda's CEO via his Twitter account.

In 2012, the firm was the tenth largest antivirus vendor worldwide, with 2.0% of the marketplace.

In March 2020, the Seattle-based network security firm WatchGuard announced that they entered into an agreement to acquire Panda Security.

References

References

1. (March 9, 2020). "Seattle-based WatchGuard to acquire endpoint protection provider Panda Security".
2. (2015-10-22). "Anti-malware Vendor and Encryption Product Market Share Report". OPSWAT.
3. "Company Profile - Panda Security".
4. (2006-06-21). "Gartner Says Worldwide Antivirus Software Market Increased 13.6 Percent in 2005".
5. (2015-10-22). "Anti-malware Vendor and Encryption Product Market Share Report". [[OPSWAT]].
6. "All about Family safety, Malware and Internet Security | Panda Media Center".
7. "Antivirus for Windows, Mac and Android".
8. "All about Family safety, Malware and Internet Security | Panda Media Center".
9. "Panda Security axes jobs, gets new chief exec".
10. Security, Panda. (2018-02-05). "Panda Security Appoints Juan Santamaría as New CEO".
11. "Panda Security: New Leader, Same Message".
12. (2009-07-30). "Panda Security and Against Intuition partner to offer WOT, the community-based safe surfing tool | WOT (Web of Trust)". Mywot.com.
13. "External Technologies, Inc. v. Panda Distribution, Inc. d/b/a Panda Security USA ''et al.''".
14. "Juan Santana on Twitter: First day in the new Menlo Park office of Panda Security. It is going to be fun down here :-)". [[Twitter]].
15. "Antivirus Market Share Report Q4 2012". OPSWAT.
16. (2020-03-09). "Seattle-based WatchGuard to acquire endpoint protection provider Panda Security".