Panda Security Buys Three New Franchises to Further Global Expansion, Research, Development...

Panda Security Buys Three New Franchises to Further Global Expansion,
Research, Development & Innovation Strategy

- Company acquires franchises in Sweden, Finland and the United Kingdom; has
now bought seven franchises since Investindustrial, other shareholders joined
in 2007

- Company has also launched new companies in Japan and China, taking over
operations previously run by local distributors

- Aggressive investment plan has enabled company to maintain its position as
global technology leader and consolidate international expansion

- Company forecasts 10 percent increase in workforce in Spain in 2009, arising
from continued investment in R&D&I in Madrid and Bilbao; staff will be
concentrated mainly in technical and sales areas

GLENDALE, Calif., June 24 /PRNewswire/ -- Panda Security, the Cloud Security
Company, today announced that it has bought 100 percent of its Swedish,
Finnish and UK franchises, furthering the aggressive investment plan started
in 2007 with a view to consolidating the company's international assets. In
the last two years, existing franchises in Belgium, Holland, Germany, Austria,
Japan and China have been bought and integrated as subsidiaries in the Panda
Group. These recent acquisitions, in addition to existing subsidiaries in the
US, Spain and France, bring the current total up to 12. Over the next few
weeks, Panda is expected to buy a company in China and make further
investments throughout Asia. The company now has franchises in 44 countries,
bringing its total number of offices to 56.

This latest investment is in line with the strategic plan established in 2007
after a group of investment funds led by Investindustrial entered into the
company's share capital. The new shareholders embarked on an ambitious
internationalization plan and resolved to increase market share in countries
where the company had previously been operating with limited market
penetration.

The strategic plan emphasized investments in international expansion and
infrastructure, allowing Panda Security to exploit the full potential of its
technology, in particular Collective Intelligence, which analyzes, classifies
and disinfects malware automatically, processing samples in just six minutes,
and leveraging this knowledge to protect all Panda users in real-time. This
technology has allowed Panda to consolidate its position as a global leader in
technology, launching the industry's first cloud-based antivirus with a
minimal impact on PC performance (www.cloudantivirus.com).

"Thanks to our new shareholders, led by Investindustrial, we are in a
comfortable position to meet present challenges brought about by the economic
crisis and increased competition in the security market," said Juan Santana,
CEO of Panda Security. "After 20 years of success, Panda can make the
investments we need, which makes us highly competitive within the corporate
and consumer markets and from a technology and product point of view. We also
have a highly scalable business model that gives us the flexibility to grow."

Similarly, despite the economic recession and widespread cost cutting, Panda
Security is growing internationally in terms of revenue and the number of
clients. The company has increased its annual marketing budget by 30 percent
and plans to increase its workforce by 10 percent (excluding takeovers). So
far 40 new employees have been hired, and another 45 are forecast for the rest
of the year.

"We plan to continue this type of investment over the next few years and
continue growing with a view to flotation on the stock market in three to five
years," concludes Santana.

About Panda Security
Founded in 1990, Panda Security is the world's leading provider of cloud-based
security solutions with products available in more than 23 languages and
millions of users located in 195 countries around the world. Panda Security
was the first IT security company to harness the power of cloud computing with
its Collective Intelligence technology. This innovative security model can
automatically analyze and classify thousands of new malware samples per day,
guaranteeing corporate customers and home users the most effective protection
against Internet threats with minimum impact on PC performance. Panda Security
has 56 offices throughout the globe with US headquarters in California and
European headquarters in Spain. For more information, log on to
http://www.pandasecurity.com/.

SOURCE Panda Security

Shannon Walsh of Bateman Group, +1-415-503-1818, panda@bateman-group.com, for
Panda Security