WatchGuard Technologies Announces Plans to Acquire Panda Security

WatchGuard Technologies recently announced its plans to acquire endpoint platform provider Panda Security. In a press release, WatchGuard Technologies stated it plans to integrate Panda Security into its own platform. The transaction is subject to customary closing conditions, including regulatory approval. The solution providers expect the deal to close in Q2 2020. The terms of the deal have not yet been disclosed.  

WatchGuard offers network security and intelligence, Wi-Fi, and multifactor authentication through its solutions. Additionally, it works to simplify the delivery and management of advanced enterprise-grade network security delivered to enterprises. WatchGuard Technologies offers a full stack of advanced network security solutions including intrusion prevention services, VPN, sandboxing, and advanced threat detection, correlation, and response.  

Meanwhile, Panda Security offers advanced endpoint protection powered by automated, AI-driven processes and security analyst-led investigation services. Also, it offers attestation services which certify the legitimacy and safety of all running applications. Moreover, Panda Security offers threat hunting services, antivirus, email security, encryption, and managed security services. In the short term, WatchGuard plans to make Panda’s endpoint security capabilities accessible to its customer base.

Prakash Panjwani, CEO of WatchGuard offered his thoughts on the acquisition. “Businesses today face an increasingly sophisticated and evolving threat landscape, scarcity of trained security professionals, and an increasingly porous perimeter. As a result, network security, advanced endpoint protection, multi-factor authentication, secure networking, and threat detection and response capabilities are consistently ranked as top security investment areas by IT decision-makers and IT solution providers who serve them.”

“By bringing the companies together, we enable our current and future customers and partners to consolidate their fundamental security services under a single brand, backed by the innovation and quality that is a core part of both companies’ DNA.”

Learn more about WatchGuard here.