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Panda Security Has Purchased its Franchise in Canada and Opened New Offices in Several Countries - The acquisition of the Canada franchise comes after the recent purchase of its Brazilian distributor. The Spanish multinational now has 14 wholly-owned subsidiaries
Panda Security Has Purchased its Franchise in Canada and Opened New Offices in Several Countries

 

PRZOOM - /newswire/ - Tres Cantos, Madrid, Spain, 2010/11/30 - The acquisition of the Canada franchise comes after the recent purchase of its Brazilian distributor. The Spanish multinational now has 14 wholly-owned subsidiaries.

   
 
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- Since Investindustrial, Gala Capital and other financial partners entered the company's share capital in 2007, it has acquired eight of its offices in strategic markets as part of its consolidation strategy;
- It has also opened new franchises in Europe, Asia and Latin America, and now has a direct presence in 61 countries;
- It has recently opened a new Cloud Business Unit in Silicon Valley, along with new offices in Orlando (Florida) in addition to its existing operation in Los Angeles.

As part of the company's strategic internationalization and consolidation plan, and on the heels of the recent purchase of its franchise in Brazil, Panda Security has announced its acquisition of its exclusive distributor in Canada. Since the entry of Investindustrial and other financial partners in the company’s share capital in 2007, it has bought eight of its franchises operating in key markets, extending its direct presence to 14 countries.

Additionally, so far in 2010 it has opened new franchises in several countries: In Asia, Indonesia and Singapore; Ecuador, Honduras, Nicaragua and Panama in Latin America, and Malta, Romania and the Balkan region in Europe. These initiatives now see the company with offices or franchises in 61 strategic markets, covering all the geographic areas of significant importance in the security sector.

Also during 2010, it has opened a new division in Silicon Valley dedicated exclusively to developing its cloud-based solution business and has a new commercial office in Orlando (Florida), in addition to its existing one in Los Angeles.

According to Juan Santana, CEO of Panda Security: “Our sector is dynamic and extremely competitive, nevertheless we enjoy a privileged position which allows us to continue with our strategic investment plan in two areas: international consolidation and technological innovation. Thanks to this strategic plan, the company has a scalable business model that allows us to grow sustainably.”

About Panda Security

Founded in 1990, Panda Security (pandasecurity.com) is the world’s leading provider of cloud-based security solutions, with products available in more than 23 languages and millions of users located in 195 countries around the World. Panda Security was the first IT security company to harness the power of cloud computing with its Collective Intelligence technology. This innovative security model can automatically analyze and classify thousands of new malware samples every day, guaranteeing corporate customers and home users the most effective protection against Internet threats with minimum impact on system performance. Panda Security has 61 offices throughout the globe with US headquarters in Florida and European headquarters in Spain

Panda Security collaborates with Special Olympics, WWF and Invest for Children as part of its Corporate Social Responsibility policy.

 
 
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Agency / Source: Panda Security

 
 

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Panda Security Has Purchased its Franchise in Canada and Opened New Offices in Several Countries

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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Panda Security securities in any jurisdiction including any other companies listed or named in this release.

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