A new generation of Panda
Panda sells majority shareholding.
Spanish security vendor Panda Software has announced the sale of 75% of its
shareholding to southern European investment group Investindustrial and
private equity firm Gala Capital.
Existing shareholders Berta Frías, Jose Maria Hernandez and Mikel
Urizarbarrena retain the remaining 25% of the company and will continue to
act as members of the company's management team. Although the details of
the sale have not been disclosed it is believed that the deal was brokered
for in the region of €100m.
The company already has a strong presence in
the European small and mid-sized business market, and with its new
investors on board has announced plans for international expansion and the
development of new technologies in a strategy imaginatively dubbed 'Panda
2.0'.
01 May 2007
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