Seattle-primarily based Watchguard Systems introduced Monday that it will purchase Panda Security, a 30-yr-previous Madrid-primarily based business that sells endpoint safety software package.

  • “In the small time period, the acquisition of Panda Security helps make most effective-in-course endpoint detection and reaction, menace hunting, endpoint AV, electronic mail protection, patching, and facts compliance and encryption accessible to our customer foundation via a reliable vendor and their IT alternative provider of preference,” WatchGuard CEO Prakash Panjwani mentioned in a statement.
  • Conditions of the deal ended up not disclosed. The transaction is envisioned to near in Q2.
  • Launched in 1996, Watchguard sells protection products and products and services to small-and-medium-sizing corporations. The business was acquired in 2006 by Francisco Companions for $151 million. It has swooped up other companies this kind of as Percipient Networks and Datablink in the latest decades.