Panda Security was named Company of the Year 2016 by the leading Spanish newspaper el Suplemento for innovative work, growth outreach and history. for the Whole Product Dynamic "Real-World" Protection Test. In 2018, Panda antivirus received its Gold award by. In 2015, Panda Security obtained the best rate protection in the Real World Protection Test by AV-Comparatives. This technology is implemented in its 20 antivirus products for home users and in Panda Cloud Antivirus, which the company has classified as the first antivirus in history that provides protection from the cloud Ratings Collective Intelligence" is the firm's protection system to automatically detect, scan and classify malware in real-time, introduced in 2007. It offers generic protection against many of the techniques used by new malware, with policies and rules that are developed based on the new vulnerabilities that appear daily. TruPrevent, which was introduced in 2003, is the firm's technology for proactive protection, as opposed to traditional antivirus products, which provide reactive protection. JSTOR ( January 2009) ( Learn how and when to remove this template message).Unsourced material may be challenged and removed. Please help improve this article by adding citations to reliable sources in this section. This section needs additional citations for verification. In March 2020, Seattle-based network security firm WatchGuard announced that they entered into an agreement to acquire Panda Security. In 2012, the firm was the tenth largest antivirus vendor worldwide, with 2.0% of the marketplace. On 3 August 2010, a new office location in Menlo Park, California was publicly announced by Panda's CEO via his Twitter account. In 2013, Panda prevailed in its lawsuit against External Technologies, recovering a judgment in excess of $100,000 and prevailing on all claims asserted by External against Panda. Panda was previously embroiled in a lawsuit with one of its channel partners, External Technologies, Inc. In late 2009, Panda Security created a partnership with Web of Trust to help fight against the war on viruses. The US subsidiary moved its headquarters to Orlando, Florida in 2009. Additionally, it has franchises in another 44 countries. The firm has subsidiaries in the US, Italy, Switzerland, Germany, Austria, Belgium, the Netherlands, France, the UK, Sweden, Finland, Spain, and Japan.
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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. Technological milestones include its 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.
Panda Security is rated in Jan 2018 by Gartner analysts as an Endpoint Protection Visionary. Santana resigned in September 2011 and was replaced by José Sancho as acting CEO. Almost one year later, on 3 June 2008, amidst flagging sales, the board of directors voted to replace Dinares with Juan Santana, the CEO.
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On 30 July 2007, the company changed its name from Panda Software to Panda Security and Urizarbarrena was replaced by Jorge Dinares. The company, whose shares were previously 100% held by Mikel 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. In November 2015 OPSWAT measured Panda Security's market share to be 3.6%. In 2005, Panda Security was the fourth largest antivirus vendor worldwide, with 3.2% of the marketplace. Panda Security employs around 458 people. This includes security products and services for both businesses and home users, as well as protection tools for systems, networks, emails, and other private information. Panda Security's core offering is antivirus software and more recently has expanded into providing and developing cybersecurity software. Panda Security is a Spanish cybersecurity software company that specializes in creating products for IT security.
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