Panda Security

Last updated

Panda Security SL
Company type Private
Industry Computer software
Founded9 September 1990
Headquarters
Bilbao and Madrid
,
Spain
Products Cybersecurity software
Services Computer security
Parent WatchGuard
Website PandaSecurity.com

Panda Security is a Spanish cybersecurity software company. Panda Security's core offering is antivirus software and other cybersecurity software. This includes security products and services for both businesses and home users, as well as protection tools for systems, networks, emails, and other private information. As of August 2024, Panda Security reports over 600 employees. [1]

Contents

Overview

In 2005, Panda Security was the fourth largest antivirus vendor worldwide, with 3.2% of the marketplace. [2] In November 2015, OPSWAT measured Panda Security's market share to be 3.6%. [3] 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. [4] 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. [5] [6] Santana resigned in September 2011 and was replaced by José Sancho as acting CEO. [7] In February 2018, Juan Santamaría was appointed CEO of Panda Security after serving as General Manager. [8]

Panda Security was rated in January 2018 by Gartner analysts as an Endpoint Protection Visionary. [9] Technological milestones include its launch of security systems, such as the SaaS concept (Security as a Service) or antivirus solutions that provide protection from the cloud (cloud computing) and are based on what Panda calls Collective Intelligence, a security model Panda introduced on the market in 2007. [10] According to its CEO, the main benefit that this security model provides is allowing automatic scanning of threats instead of the manual scans carried out by other companies. [11]

The firm has subsidiaries in the US, Italy, Switzerland, Germany, Austria, Belgium, the Netherlands, France, the UK, Sweden, Finland, Spain, and Japan.[ citation needed ] Additionally, it has franchises in another 44 countries. The US subsidiary moved its headquarters to Orlando, Florida in 2009. [12]

In late 2009, Panda Security created a partnership with Web of Trust to help fight the war on viruses. [13]

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. [14] On 3 August 2010, a new office location in Menlo Park, California was publicly announced by Panda's CEO via his Twitter account. [15]

In 2012, the firm was the tenth largest antivirus vendor worldwide, with 2.0% of the marketplace. [16]

In March 2020, the Seattle-based network security firm WatchGuard announced that they entered into an agreement to acquire Panda Security. [17]

Products

TruPrevent, which was introduced in 2003, is the firm's technology for proactive protection. It offers generic protection against many of the techniques used by new malware, with policies and rules that are developed based on new vulnerabilities that appear daily. Collective Intelligence is the firm's protection system to automatically detect, scan and classify malware in real-time, which was introduced in 2007.[ citation needed ]

See also

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References

  1. ↑ "Company Profile - Panda Security". www.pandasecurity.com. Retrieved 20 August 2024.
  2. ↑ "Gartner Says Worldwide Antivirus Software Market Increased 13.6 Percent in 2005". Gartner.com. 21 June 2006. Archived from the original on 22 January 2014. Retrieved 28 October 2016.
  3. ↑ "Anti-malware Vendor and Encryption Product Market Share Report". OPSWAT. 22 October 2015. Archived from the original on 18 February 2016. Retrieved 28 October 2016.
  4. ↑ "All about Family safety, Malware and Internet Security | Panda Media Center". Pandasoftware.com. Archived from the original on 12 October 2008. Retrieved 28 October 2016.
  5. ↑ "Antivirus for Windows, Mac and Android". Pandasecurity.com. Archived from the original on 7 July 2014. Retrieved 28 October 2016.
  6. ↑ "All about Family safety, Malware and Internet Security | Panda Media Center". Pandasecurity.com. Archived from the original on 22 February 2011. Retrieved 28 October 2016.
  7. ↑ "Panda Security axes jobs, gets new chief exec". Theregister.co.uk. Archived from the original on 10 August 2017. Retrieved 28 October 2016.
  8. ↑ Security, Panda (5 February 2018). "Panda Security Appoints Juan Santamaría as New CEO". Panda Security Mediacenter. Retrieved 20 August 2024.
  9. ↑ "Gartner Magic Quadrant for Endpoint Protection Platforms Jan 2018". Archived from the original on 31 May 2023. Retrieved 9 February 2018.
  10. ↑ "Collective Intelligence | Protection against viruses with a minimal impact on your PC | Cloud Security | Panda Technology". Pandasecurity.com. Archived from the original on 13 August 2015. Retrieved 28 October 2016.
  11. ↑ Santana, Juan (27 February 2009). "Security against increasing malware in recession times". Panda Security Insight. Archived from the original on 4 March 2009. Retrieved 3 June 2020.
  12. ↑ "Panda Security: New Leader, Same Message". Archived from the original on 3 February 2010. Retrieved 16 September 2010.
  13. ↑ "Panda Security and Against Intuition partner to offer WOT, the community-based safe surfing tool | WOT (Web of Trust)". Mywot.com. 30 July 2009. Archived from the original on 3 June 2020. Retrieved 28 October 2016. Press Release Archived 3 June 2020 at the Wayback Machine
  14. ↑ "External Technologies, Inc. v. Panda Distribution, Inc. d/b/a Panda Security USA et al.". Dockets.justia.com. Archived from the original on 13 August 2023. Retrieved 12 April 2010.
  15. ↑ "Juan Santana on Twitter: First day in the new Menlo Park office of Panda Security. It is going to be fun down here :-)". Twitter. Archived from the original on 22 November 2016. Retrieved 28 October 2016.
  16. ↑ "Antivirus Market Share Report Q4 2012". OPSWAT. Archived from the original on 9 December 2014. Retrieved 28 October 2016.
  17. ↑ "Seattle-based WatchGuard to acquire endpoint protection provider Panda Security". GeekWire. 9 March 2020. Archived from the original on 13 April 2020. Retrieved 10 March 2020.
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