Panda Security to be acquired by WatchGuard

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The deal will see technology from both companies merge into a single brand platform

 

 

WatchGuard Technologies has agreed to purchase Spanish antivirus software developer Panda Security and integrate its systems into its own security platform to service customers and partners of both companies.

 

WatchGuard aims to provide a complete cyber security portfolio of products and services for its customers, and will, with time, integrate Panda’s technology into its own systems. This is especially true for the firm’s user-centric threat detection and response tools.

 

Panda launched in 1998 as a security firm specialising in developing IT security services, predominantly antivirus software. Its popular Free Antivirus package has long been a favourite for home-based online security, although Pana has expanded its range of services to offer tools for businesses, as well as technology for preventing cyber crime. 

 

Beyond providing user-focused security services, WatchGuard is known for producing secure Wi-Fi appliances, such as the recently-reviewed Firebox M670. 

 

“Businesses today face an increasingly sophisticated and evolving threat landscape, scarcity of trained security professionals, and an increasingly porous perimeter,” said WatchGuard’s CEO Prakash Panjwani.

 

Source

[xkryptonx]

There was a time when i had no internet connection (as a kid) i would use Panda Titanium Anti-virus on my PC. They only thing it was good at was deleting the infected files not being able to disinfect them. At least it was better than McAfee at that which would fail to disinfect, quarantine or let alone delete the infected files all for free. It was somewhat a "not bad" security solution for an offline PC Kaspersky and Bitdefender at that time was new players in the field. But that changed and panda become worse with the time passed Better for them to be acquired by other parties. But it still has to compete with giants likes Kaspersky and Bitdefender.