WatchGuard Technologies has acquired Panda Security, extending the network security company to endpoint security. The deal, which also reinforces WatchGuard’s MSP- and MSSP-friendly cybersecurity partner strategies, is expected to close in Q2 2020. Financial terms were not disclosed.
WatchGuard’s established network security solutions span GAV, IPS, VPN, sandboxing, and advanced threat detection, correlation, and response. The company also offers secure Wi-Fi solutions, multi-factor authentication, and now most recently, user-focused security services.
Corey Nachreiner, CTO, WatchGuard Technologies
WatchGuard’s MSSP and MSP focus are strong. Corey Nachreiner, CTO of WatchGuard, described extended R&D efforts and multi-tenant developments for MSPs and MSSPs during an RSA Conference 2020 briefing with MSSP Alert.
The partner effort also includes specialized financial models such as the FlexPay program — essentially a hardware as a service (HaaS) option for MSSPs and MSPs, Nachreiner noted.
Plus, WatchGuard has M&A experience. Additional deals include buying Percipient Networks for Domain name system (DNS) filtering services in 2018, and acquiring Datablink for fraud prevention solutions.
WatchGuard Acquires Panda Security: Executive Perspectives
Juan Santamaria, CEO, Panda Security
Prakash Panjwani, CEO, WatchGuard Technologies
Describing the deal WatchGuard CEO Prakash Panjwani said:
“Businesses today face an increasingly sophisticated and evolving threat landscape, scarcity of trained security professionals, and an increasingly porous perimeter. As a result, network security, advanced endpoint protection, multi-factor authentication, secure networking, and threat detection and response capabilities are consistently ranked as top security investment areas by IT decision-makers and IT solution providers who serve them. By bringing the companies together, we enable our current and future customers and partners to consolidate their fundamental security services under a single brand, backed by the innovation and quality that is a core part of both companies’ DNA.”
Added Panda Security CEO Juan Santamaria:
“We are thrilled to merge with WatchGuard because of the new scale and portfolio access it provides to our customers and partners. We are also excited to see our innovative product portfolio be delivered via WatchGuard’s strong global network of partners. Together, we look forward to building a security platform that bridges the network and user perimeter, with capabilities that are unmatched in the cybersecurity market.”