Panda Security
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| Private | |
| Industry | Computer software |
| Founded | 1990 |
| Headquarters | Bilbao and Madrid, Spain |
| Products | Antivirus, firewall Spam and spyware detection Security and management tools |
| Website | PandaSecurity.com |
Panda Security is a Spanish company specialized in creating IT security solutions. Initially centered on creating antivirus software, the company has since expanded its line of business to advanced cybersecurity services with technology for preventing cybercrime.
Their patented technology TruPrevent is a set of proactive capabilities aimed at blocking unknown viruses; the Collective Intelligence model claims to be the first system that can automatically detect, analyze, and classify malware in real-time. The company claims that they have been the precursors to the new Adaptive Defense security model that assures the complete classification of all active processes on the system.
Panda Security products include security solutions for both businesses and home users, and provide protection tools for systems, networks, emails, and other private information for system management and control.
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 Urizarbarrena, announced on 24 April 2007 the sale of 75% of its shares to 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 remove Dinares and replace him with Juan Santana, the CFO. Santana resigned in September 2011 and was replaced by José Sancho as acting CEO.
Panda Security is rated by Gartner analysts as a technology innovator. Technological milestones include its pioneering 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.
According to its CEO, the main benefit this security model provides is that it allows automatic scanning of threats instead of the manual scans carried out by other companies, making it quicker and more efficient in malware detection.
Panda Security has subsidiaries in the US, Germany, Austria, Belgium, the Netherlands, France, UK, Sweden, Finland, Spain, and Japan. Additionally, it has franchises in another 44 countries. The US subsidiary has had five management turnovers since 2007 before moving its headquarters to Orlando, Florida in 2009,
In late 2009, Panda Security created a partnership with Web of Trust to help fight against the war of viruses.
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Wikipedia