WatchGuard buys the Spanish company Panda

The Basque firm, created in Bilbao in 1990, has been recognized for years for its latest generation antivirus

One of the most prestigious network security providers in the United States has decided to acquire the assets of Panda Security, the most important Basque firm in the IT security sector in Spain.

This company, after 30 years operating in the market, both nationally and internationally, now closes a historic phase to start a new chapter directed by WatchGuard who, through agreements with the Spanish firm, has managed to finalize the purchase of its goods for about 250 million euros, according to some sources.

“The joint community of customers and partners will benefit from a powerful security platform,” WatchGuard specified in a statement on its website that claims to have reached a “definitive agreement.”

Prakash Panjwani, executive president of the US company, reported that “with the union of the companies, we allow our current and future customers and partners to consolidate their essential security services under a single brand, backed by innovation and quality that is a fundamental part of the DNA of both organizations.”

For his part, Juan Santamaría, representative of the Spanish company, has shown enthusiasm “for the new dimension and access to the portfolio that it offers to Panda Security’s clients and partners” and for “seeing that our innovative product portfolio will be supplied through the strong global network of WatchGuard partners.”

K.Villarroel

Source: xataka

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