 
Panda Security buys its distributor in Brazil This latest addition to the company's network of subsidiaries sees the company now with 13 wholly-owned national offices Panda Security - The Cloud Security Company - has announced that it has purchased its Brazilian distributor. This brings to 13 the number of subsidiaries wholly-owned by the company, including its offices in Austria, Germany, Belgium, China, Spain, Finland, France, Holland, Japan, Sweden, UK, and the USA. Panda Brazil first starting operating in 2005, and is now one of the company's most successful offices in Latin America. In 2009 it tripled in size with respect to 2008. Brazil represents an outstanding opportunity for growth for the Panda Security group, and Gartner estimates it to be the largest market in Latin America. Panda Security also has offices in 43 other countries, ensuring direct operational capability in the world's most important markets, and clients in 195 countries thanks to online sales and a network of local resellers. According to Juan Santana, Panda Security CEO, "The strategy of buying up our distributors in key markets is one of the initiatives put in place in 2007, when the InvestIndustrial, GalaCapital, HarbourVest and Atlantic Bridge investment groups entered our share capital. This strategy enables us to consolidate and strongly position the company internationally". About Panda Security Founded in 1990, Panda Security 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 per day, guaranteeing corporate customers and home users the most effective protection against Internet threats with minimum impact on PC performance. Panda Security has 56 offices throughout the globe with US headquarters in California and European headquarters in Spain. For more information: — ENDS — |