ORLANDO, Fla., Nov. 30, 2010 /PRNewswire/ -- Panda Security, the Cloud Security
Company, today announced that it has acquired its exclusive distributor in
Canada, continuing to propel the company's strategic international expansion and
consolidation efforts. Since Investindustrial and other financial partners
acquired the company in 2007, Panda Security has purchased eight of its
franchises operating in key markets. The Canadian acquisition makes this the
14th subsidiary that the company wholly-owns, including offices in Austria,
Brazil, Germany, Belgium, China, Spain, Finland, France, Holland, Japan, Sweden,
UK and the USA.
Thus far in 2010, Panda has opened new franchises in Asia (Indonesia and
Singapore); Latin America (Ecuador, Honduras, Nicaragua and Panama); and the
Balkans (Malta and Romania). This expansion results in offices or franchises in
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