- “In the short term, the acquisition of Panda Security makes best-in-class endpoint detection and response, threat hunting, endpoint AV, email security, patching, and data compliance and encryption accessible to our customer base through a trusted vendor and their IT solution provider of choice,” WatchGuard CEO Prakash Panjwani said in a statement.
- Terms of the deal were not disclosed. The transaction is expected to close in Q2.
- Founded in 1996, Watchguard sells security products and services to small-and-medium-size businesses. The company was acquired in 2006 by Francisco Partners for $151 million. It has swooped up other companies such as Percipient Networks and Datablink in recent years.
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