WatchGuard Applied sciences has agreed to buy Spanish antivirus software program developer Panda Safety and combine its techniques into its personal safety platform to service prospects and companions of each firms. WatchGuard …
WatchGuard Applied sciences has agreed to buy Spanish antivirus software program developer Panda Safety and combine its techniques into its personal safety platform to service prospects and companions of each firms.
WatchGuard goals to supply a whole cyber safety portfolio of services for its prospects, and can, with time, combine Panda’s know-how into its personal techniques. That is very true for the agency’s user-centric menace detection and response instruments.
Panda launched in 1998 as a safety agency specialising in growing IT safety companies, predominantly antivirus software program. Its standard Free Antivirus bundle has lengthy been a favorite for home-based on-line safety, though Pana has expanded its vary of companies to supply instruments for companies, in addition to know-how for stopping cyber crime.
Past offering user-focused safety companies, WatchGuard is thought for producing safe Wi-Fi home equipment, such because the recently-reviewed Firebox M670.
“Companies as we speak face an more and more refined and evolving menace panorama, shortage of skilled safety professionals, and an more and more porous perimeter,” mentioned WatchGuard’s CEO Prakash Panjwani.
“Because of this, community safety, superior endpoint safety, multi-factor authentication, safe networking, and menace detection and response capabilities are persistently ranked as prime safety funding areas by IT decision-makers and IT answer suppliers who serve them.
“By bringing the businesses collectively, we allow our present and future prospects and companions to consolidate their elementary safety companies beneath a single model, backed by the innovation and high quality that may be a core a part of each firms’ DNA.”
Amongst Panda’s most highly-prized belongings is the patented know-how TruPrevent, which quantities to proactive capabilities geared in direction of blocking unknown malware. That is along with the Collective Intelligence mannequin it deploys to detect, analyse, and classify viruses in real-time.
The instruments Panda is feeding into WatchGuard’s platforms are powered by a mix of automation, AI processes, and analyst-led investigation. The corporate additionally not too long ago launched a complicated menace searching service accessible for enterprises, in addition to managed safety service suppliers (MSSPs) who resell Panda companies.
“We’re thrilled to merge with WatchGuard due to the brand new scale and portfolio entry it supplies to Panda Safety prospects and companions,” mentioned Panda’s CEO Juan Santamaria.
“We’re additionally excited to see our revolutionary product portfolio be delivered by way of WatchGuard’s sturdy international community of companions. Collectively, we stay up for constructing a safety platform that bridges the community and consumer perimeter, with capabilities which can be unmatched within the cybersecurity market.”
The settlement, the worth of which has been undisclosed, is more likely to shut within the second quarter of 2020.