Company:Panda Security

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Short description: Spanish cybersecurity software company

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Panda Security SL
TypePrivate
IndustryComputer software
Founded9 September 1990
Headquarters
Bilbao and Madrid
,
Spain
ProductsCybersecurity software
ServicesComputer security
ParentWatchGuard
WebsitePandaSecurity.com

Panda Security is a Spanish cybersecurity software company. Panda Security's core offering is an antivirus software and more recently has expanded into providing and developing 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. Panda Security employs around 458 people[citation needed].

Overview

In 2005, Panda Security was the fourth largest antivirus vendor worldwide, with 3.2% of the marketplace.[1] In November 2015, OPSWAT measured Panda Security's market share to be 3.6%.[2] 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.[3] 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.[4][5] Santana resigned in September 2011 and was replaced by José Sancho as acting CEO.[6]

Panda Security was rated in Jan 2018 by Gartner analysts as an Endpoint Protection Visionary.[7] 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.[8] 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.[9]

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.[10]

In late 2009, Panda Security created a partnership with Web of Trust to help fight the war on viruses.[11]

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.[12] On 3 August 2010, a new office location in Menlo Park, California was publicly announced by Panda's CEO via his Twitter account.[13]

In 2012, the firm was the tenth largest antivirus vendor worldwide, with 2.0% of the marketplace.[14]

In March 2020, the Seattle-based network security firm WatchGuard announced that they entered into an agreement to acquire Panda Security.[15]

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].

This technology is implemented in its 2009 and 2010 antivirus products for home users and in Panda Cloud Antivirus, which the company has classified as the first antivirus in history that provides protection from the cloud.[16][17]

Ratings

In 2015, Panda Security obtained the best rate protection in the Real World Protection Test by AV-Comparatives.[18] In 2018, Panda antivirus received a Gold award from AV-Comparatives[19] for the Whole Product Dynamic "Real-World" Protection Test.

Panda Security was named "Company of the Year 2016" by the Spanish newspaper El Suplemento.[20] Panda Adaptive Defense was the first Endpoint Detection and Response (EDR) security solution to achieve the EAL2+ security certification under the Common Criteria standard, published in the BOE (Official State Bulletin) in May 2018.[21] It was listed as a "Qualified IT Security Product" by the Spanish National Cryptologic Center in May 2018.[22]

In 2016, it was named the best Advanced Persistent Threat (APT) Solution by Computing Magazines Security Excellence Awards[citation needed]. In 2018, it was recognized as the PC Pro A-List Security product for the second year running, and received an IT Pro Editor's Choice Award.[23]

See also

References

  1. ↑ "Gartner Says Worldwide Antivirus Software Market Increased 13.6 Percent in 2005". 2006-06-21. http://www.gartner.com/newsroom/id/493858. 
  2. ↑ "Anti-malware Vendor and Encryption Product Market Share Report". OPSWAT. 2015-10-22. https://www.opswat.com/resources/reports/anti-malware-vendor-encryption-product-november-2015. 
  3. ↑ "All about Family safety, Malware and Internet Security | Panda Media Center". http://www.pandasoftware.com/about_panda/press_room/. 
  4. ↑ "Antivirus for Windows, Mac and Android". http://www.pandasecurity.com/. 
  5. ↑ "All about Family safety, Malware and Internet Security | Panda Media Center". Archived from the original on 22 February 2011. https://web.archive.org/web/20110222131732/http://www.pandasecurity.com/homeusers/media/press-releases/viewnews?noticia=8592&entorno=&ver=2007,3&pagina=&producto=. 
  6. ↑ "Panda Security axes jobs, gets new chief exec". https://www.theregister.co.uk/2011/09/26/panda_security_job_cuts/. 
  7. ↑ "Gartner Magic Quadrant for Endpoint Protection Platforms Jan 2018". https://www.gartner.com/doc/reprints?id=1-4PGZBYN&ct=180125&st=sb,. 
  8. ↑ "Collective Intelligence | Protection against viruses with a minimal impact on your PC | Cloud Security | Panda Technology". http://www.pandasecurity.com/homeusers/solutions/collective-intelligence/. 
  9. ↑ Santana, Juan (27 February 2009). "Security against increasing malware in recession times". Archived from the original on 4 March 2009. https://archive.today/20090304201516/http://www.pandainsight.com/en/security-against-increasing-malware-in-recession-times. 
  10. ↑ "Panda Security: New Leader, Same Message". http://blogs.channelinsider.com/secure_channel/content/malware_worms_viruses/panda_security_new_leader_same_message.html. 
  11. ↑ "Panda Security and Against Intuition partner to offer WOT, the community-based safe surfing tool | WOT (Web of Trust)". Mywot.com. 2009-07-30. https://www.mywot.com/blog/163-wot-partners-with-panda-security.  Press Release
  12. ↑ "External Technologies, Inc. v. Panda Distribution, Inc. d/b/a Panda Security USA et al.". http://dockets.justia.com/docket/court-txedce/case_no-4:2010cv00025/case_id-120615/. 
  13. ↑ "Juan Santana on Twitter: First day in the new Menlo Park office of Panda Security. It is going to be fun down here :-)". Twitter. https://twitter.com/juansantana/status/20236102649. 
  14. ↑ "Antivirus Market Share Report Q4 2012". OPSWAT. https://www.opswat.com/antivirus-market-analysis-december-2012. 
  15. ↑ "Seattle-based WatchGuard to acquire endpoint protection provider Panda Security". 2020-03-09. https://www.geekwire.com/2020/seattle-based-watchguard-acquire-endpoint-protection-provider-panda-security/. 
  16. ↑ "All about Family Safety, Malware and Internet Security | Panda Media Center". http://www.pandasecurity.com/usa/about/corporate-news/new-61.htm. 
  17. ↑ "Panda Cloud Antivirus in Black and White". 2009-05-06. https://www.youtube.com/watch?v=0-JfW4Ut8kg. 
  18. ↑ "Panda Security detects and blocks 99.9% of threats! - MediaCenter Panda Security" (in en-US). 5 August 2015. http://www.pandasecurity.com/mediacenter/panda-security/best-protection/. 
  19. ↑ "AV-Comparatives 2017 Summary Report" (in en-US). https://www.av-comparatives.org/tests/summary-report-2017/.  PDF Version
  20. ↑ "Premiados Gala de Premios El Suplemento 2016". 2016-09-15. http://www.elsuplemento.es/2016-gala-premios-el-suplemento/. 
  21. ↑ "Jtsec | Blog | Panda Adaptive Defense obtains the Common Criteria certification". https://www.jtsec.es/blog-entry/17/panda-adaptive-defense-obtains-the-common-criteria-certification. 
  22. ↑ "Organismo de Certificación - Panda Adaptive Defense 360 3.25.00 (Protection Agent v8.0)". https://oc.ccn.cni.es/index.php/es/catalogo-productos-stic/listado-productos-cualificados/207-panda-adaptive-defense-360-3-25-00-protection-agent-v8-0. 
  23. ↑ "Panda Adaptive Defense 360 review: Smarter than your average bear". 13 September 2018. http://www.itpro.co.uk/security/29593/panda-adaptive-defense-360-review. 

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