Panda Security Explained

Panda Security SL
Type:Private
Foundation:9 September 1990
Location City:Bilbao and Madrid
Location Country:Spain
Industry:Computer software
Products:Cybersecurity software
Services:Computer security
Parent:WatchGuard
Homepage: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]

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. 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.

See also

Notes and References

  1. Web site: Company Profile - Panda Security . 2024-08-20 . www.pandasecurity.com.
  2. Web site: Gartner Says Worldwide Antivirus Software Market Increased 13.6 Percent in 2005 . https://web.archive.org/web/20140122150417/http://www.gartner.com/newsroom/id/493858 . dead . 22 January 2014 . Gartner.com . 2006-06-21 . 2016-10-28.
  3. Web site: Anti-malware Vendor and Encryption Product Market Share Report . OPSWAT . 2015-10-22 . 2016-10-28 . https://web.archive.org/web/20160218230529/http://www2.opswat.com/resources/reports/anti-malware-vendor-encryption-product-november-2015 . 18 February 2016 . dead.
  4. Web site: All about Family safety, Malware and Internet Security | Panda Media Center . Pandasoftware.com . 2016-10-28 . 12 October 2008 . https://web.archive.org/web/20081012123036/http://www.pandasoftware.com/about_panda/press_room/ . live .
  5. Web site: Antivirus for Windows, Mac and Android . Pandasecurity.com . 2016-10-28 . 7 July 2014 . https://web.archive.org/web/20140707165239/http://www.pandasecurity.com/ . live .
  6. Web site: All about Family safety, Malware and Internet Security | Panda Media Center . Pandasecurity.com . 2016-10-28 . dead . https://web.archive.org/web/20110222131732/http://www.pandasecurity.com/homeusers/media/press-releases/viewnews?noticia=8592&entorno=&ver=2007,3&pagina=&producto= . 22 February 2011.
  7. Web site: Panda Security axes jobs, gets new chief exec . Theregister.co.uk . 2016-10-28 . 10 August 2017 . https://web.archive.org/web/20170810172910/https://www.theregister.co.uk/2011/09/26/panda_security_job_cuts/ . live .
  8. Web site: Security . Panda . 2018-02-05 . Panda Security Appoints Juan Santamaría as New CEO . 2024-08-20 . Panda Security Mediacenter . en-US.
  9. Web site: Gartner Magic Quadrant for Endpoint Protection Platforms Jan 2018. 9 February 2018. 31 May 2023. https://web.archive.org/web/20230531213057/https://www.gartner.com/doc/reprints?id=1-4PGZBYN&ct=180125&st=sb,. live.
  10. Web site: Collective Intelligence | Protection against viruses with a minimal impact on your PC | Cloud Security | Panda Technology . Pandasecurity.com . 2016-10-28 . 13 August 2015 . https://web.archive.org/web/20150813221256/http://www.pandasecurity.com/homeusers/solutions/collective-intelligence/ . dead .
  11. Web site: Santana . Juan . Security against increasing malware in recession times . Panda Security Insight . 3 June 2020 . https://archive.today/20090304201516/http://www.pandainsight.com/en/security-against-increasing-malware-in-recession-times . 4 March 2009 . 27 February 2009.
  12. Web site: Panda Security: New Leader, Same Message . https://archive.today/20100203022735/http://blogs.channelinsider.com/secure_channel/content/malware_worms_viruses/panda_security_new_leader_same_message.html . 3 February 2010 . 2010-09-16.
  13. Web site: Panda Security and Against Intuition partner to offer WOT, the community-based safe surfing tool | WOT (Web of Trust). 2009-07-30. Mywot.com. 2016-10-28. 3 June 2020. https://web.archive.org/web/20200603144345/https://www.mywot.com/blog/163-wot-partners-with-panda-security. live. Press Release
  14. Web site: External Technologies, Inc. v. Panda Distribution, Inc. d/b/a Panda Security USA et al.. Dockets.justia.com. 12 April 2010. 13 August 2023. https://web.archive.org/web/20230813203304/https://dockets.justia.com/docket/texas/txedce/4:2010cv00025/120615. live.
  15. Web site: Juan Santana on Twitter: First day in the new Menlo Park office of Panda Security. It is going to be fun down here :-). Twitter. 2016-10-28. 22 November 2016. https://web.archive.org/web/20161122081102/https://twitter.com/juansantana/status/20236102649. live.
  16. Web site: Antivirus Market Share Report Q4 2012 . OPSWAT . 2016-10-28 . https://web.archive.org/web/20141209052856/https://www.opswat.com/antivirus-market-analysis-december-2012 . 9 December 2014 . dead.
  17. Web site: Seattle-based WatchGuard to acquire endpoint protection provider Panda Security. GeekWire. 2020-03-09. 2020-03-10. 13 April 2020. https://web.archive.org/web/20200413085955/https://www.geekwire.com/2020/seattle-based-watchguard-acquire-endpoint-protection-provider-panda-security/. live.

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