Panda Software Reports Significant Growth in 2002 Despite Soft Economy

Panda Software, U.S. Announced a 33% increase in sales in 2002, over 2001.

Panda Software, U.S. announced a 33% increase in sales in 2002, over 2001.

Commenting on the announcement, Patrick Hinojosa, Chief Technical Officer at Panda Software US, said "Panda's continued increase in earnings is largely due to an antivirus product line that has been strongly reviewed as the best by the top IT publications on the market, and due to the ever increasing market demand for better anti-virus and security software."  

In 2002 Panda Software has repeatedly come out on top in comparative antivirus market studies done by leading IT publications. In the last year they were hailed as the best by: PC World, ZD Net, Windows & .Net Magazine's Reader's Choice Awards, Microsoft Certified Professional Magazine, Laptop Magazine, Government Computer News, Internet Advisor, SC On-line, Computer User magazine, Software-Antivirus.com, Microsoft Online, .Net Magazine, and others. See details at http://www.pandasecurity.com/presscomments.htm

"Panda has been voted the best antivirus product by IT publications as well as by the IT Manager public, and when companies find out Panda is the best - the news just keeps spreading by word of mouth. Another reason Panda's earnings are up even in this soft economy is because companies generally have not cut computer security budgets. Virus and hacker threats are still very real and cannot be ignored." said Hinojosa.

At a round table panel discussion at the recent Infosecurity Conference in New York City, Panda Software panel member Patrick Hinojosa discussed with a panel of experts how corporations are expanding their networks beyond traditional boundaries, and how their information resources are exposed to new risks and vulnerabilities.

In addressing the latest developments and potential threats from viruses and malicious code to companies and organizations, Patrick Hinojosa stressed that organizations should be focusing on designing a complete enterprise security architecture.

"Even though proxy servers and firewalls provide the first line of defense, enterprise security must go further to encompass distributed firewall technology, VPNs, access control and strong authentication to protect themselves." Hinojosa said. "Panda Software is working hard to be at the forefront of new Internet security technologies."

In 2002 Panda Software released several new products to bolster its stable of Internet and network security products:

Panda Antivirus Enterprise Suite and PerimeterScan offer complete virus protection for all possible entry points into the corporate network, including complete protection for the network gateway.

Panda Antivirus Platinum 7.0 for small businesses and professionals, now features improved antivirus features as well as a latest generation firewall.

Panda Software recently announced at the Cebit show in Europe the upcoming release of the Panda Antivirus Appliance, a hardware antivirus system that can be utilized for simplified virus protection in any network configuration. Full release is planned for Q1, 2003.

About Panda Software:
Panda Software (http://www.pandasecurity.com) is a leading international developer of computer security software for all types of customers: corporate clients, small and medium sized companies and home users. The company has recently released two new enterprise antivirus solutions, Panda Antivirus Enterprise Suite and Panda PerimeterScan, as well as a new product for small businesses, Panda Antivirus Platinum 7.0, which includes a firewall.

Panda's 100% in-house, cutting-edge technology has received awards and quality certifications from the most widely respected IT security institutions. Panda Software was the first to allow truly automatic, daily signature updates, as well as centralized administration of antivirus protection, both of which have revolutionized the antivirus industry. The quality of Panda Software's products has been endorsed by the major industry watchdogs including ICSA Labs and CheckMark.

For more information contact:
Amanda St. John
Public Relations Director
amanda@pandasecurity.com
(818) 543-6909