Panda Security has purchased its franchise in Canada and opened new offices in several countries, extending its direct international presence to 61 markets
- The acquisition of the Canada franchise comes after the recent purchase of its Brazilian distributor. The Spanish multinational company now has 14 subsidiaries.
- Since Investindustrial, Gala Capital and other financial partners entered the company's share capital in 2007, it has acquired eight of its offices in strategic markets as part of its consolidation strategy
- It has also opened new franchises in Europe, Asia and Latin America, and now has a direct presence in 61 countries
- It has recently opened a new Cloud Business Unit in Silicon Valley, along with new offices in Orlando (Florida) in addition to its existing operation in Los Angeles
Madrid, November 30, 2010
As part of the company's strategic internationalization and consolidation plan, and on the heels of the recent purchase of its franchise in Brazil, Panda Security has announced the acquisition of its exclusive distributor in Canada. Since the entry of Investindustrial and other financial partners in 2007 in the company’s share capital, it has bought eight of its franchises operating in key markets, extending its direct presence to 14 countries.
Additionally, so far in 2010 it has opened new franchises in several countries: in Asia, Indonesia and Singapore; Ecuador, Honduras, Nicaragua and Panama in Latin America, and Malta, Romania and the Balkan region in Europe. These initiatives now see the company with offices or franchises in 61 strategic markets, covering all the geographic areas of significant importance in the security sector.
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