The former Panda Internet Security brand, Panda entrepreneurial ecosystem won 250 million euros
In March 2020, the news jumped to the media that the American firm WatchGuard was buying the computer security company Panda Security. The Spanish company, created in Bilbao in 1990, was known for years for its popular antivirus, until becoming a reference company in computer security.
Its founder, Mikel Urizarbarrena, and Juan Santamaría, the CEO, had been operating in the market for 30 years, both nationally and internationally. The operation, valued at 250 million euros, arrived in the midst of the pandemic to close a long chapter.
Panda entrepreneurial ecosystem
Prakash Panjwani, CEO of WatchGuard, stated that, with the union of both companies, they would allow their customers to "consolidate their essential security services under a single brand, backed by the innovation and quality that are a fundamental part of the DNA of both organizations".
Santamaría wanted to make it clear at the time that the merger meant "a new dimension and access to the portfolio to offer Panda Security customers and partners."
Urizarbarrena, as a good serial entrepreneur, continued to create startups. He is currently the co-founder and CEO of Fidelitive Lab, a patented technology to improve the sound of speakers and make it more real.
Panda entrepreneurial ecosystem company
Panda Security SA is a company dedicated to computer security, which was founded in 1990 by Mikel Urizarbarrena in the city of Bilbao, Spain.
Initially it focused on the development of antiviruses, but later expanded its product line to include firewall, antispam and antispyware programs, cybercrime prevention technologies and other tools for managing systems, networks and their security.
Panda entrepreneurial ecosystem data
Information about Panda Security
The company's shares belonged entirely to its founder, Urizarbarrena, but on April 24, 2007, the sale of 75% of its shares to the investment group Investindustrial and the firm Gala Capital was announced.
The company name changed from Panda Software to Panda Security on July 30, 2007.
Panda is a leader in Spain, and has customers in 230 states and offices in 50, including the U.S., Canada, Germany, China, the United Kingdom, France, Thailand, Greece, Finland, Denmark, Sweden, Norway, Peru, Bulgaria, Pakistan, Poland, Turkey, Slovakia, Slovenia, Argentina, Japan, Korea, Australia, etc
The main competing companies of Panda are Symantec Corp., Kaspersky, McAfee Inc. about Trend Micro Inc., among others.
