 
Panda Security consolidates its international presence with the purchase of its franchise in Benelux June 30, 2008 - Panda Security, one of the world's leading IT security companies, has expanded its international presence with the creation of a new subsidiary in Benelux. This move consolidates Panda’s leading position in Europe. Panda Security already had a presence in Belgium, Holland and Luxembourg through its franchise system. Now the company has consolidated its presence in these countries with the acquisition of its partner in this region. Currently, Panda Security has two offices in Benelux: One in Mechelen (Belgium) and another in Gorinchem (Holland). "We are extremely satisfied that our partner in Benelux over the past few years and all its employees are now a closer part of the Panda family. They have been doing a great job and we want to continue helping them achieve our joint objectives in this new stage," explains Juan Santana, CEO of Panda Security. "Our new offices in this region underline the commitment of Panda Security to continue our international expansion and consolidate our position as a leader and reference point for the European market, one of the most important globally". This new subsidiary joins the list of existing ones in the USA, France, Japan and Spain. Panda Security also has franchises in more than 50 countries. This broad international presence makes it one of the major players on the IT security market. This latest expansion is part of the company's internationalization strategy, which began last year after the entry into the company's share capital of investment groups such as Investindustrial, Gala Capital, HarbourVest Partners and Atlantic Bridge. About Panda Security: is a global leading provider of IT security solutions, with millions of clients in more than 200 countries and products available in 23 languages. Panda’s mission is to develop and supply global security solutions to keep its clients' IT resources safe from the damage inflicted by viruses, intruders and other Internet threats at the lowest possible Total Cost of Ownership. Panda Security proposes a new security model, specially designed to firmly combat new types of cyber-crime. This results in technologies and products with much greater detection and efficiency rates than the market average, providing a higher level of security to its users. For more information visit: About Atlantic Bridge: Atlantic Bridge, which has offices in Dublin and London, is one of the most experienced private technology investment funds in Europe, comprising a team of highly experienced technology sector leaders with a proven track record in acquisitions, exits and commitment to development of investee companies. It focuses on providing funding to companies with potential for significant impact on global markets. The team has particular expertise in providing growth equity for technology companies thereby helping them achieve global scale and profitability and driving these businesses towards successful exits either in the public markets or through trade sales. For more information visit: — ENDS — |