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Panda Software is a computer security company founded in 1990 by Panda's CEO, Mikel Urizarbarrena, in the city of Bilbao, Spain. Initially centered on the production of antivirus software, the company has expanded its line of applications to include firewall application, spam and spyware detection applications, cybercrime prevention technology, and other system management and security tools for businesses and home users. Panda's products include security tools for home users and enterprises, including protection against cybercrime and kinds of malware that can damage IT systems, such as spam, hackers, spyware, dialers and undesirable web content, as well as detection of WiFi intrusions. It's trademark technology, branded TruPrevent™, is a set of proactive capabilities aimed at blocking unknown viruses and intruders. The company has been ranked among the 500 fastest growing European companies since 1997. Panda Software is a market leader in Spain and in 1998, the company became Europe's leading antivirus software developer. In 2003, Panda Software has experienced 1,000% growth in revenues worldwide. Panda Software, a privately owned company, has clients across 230 countries and offices in 50, including the USA, Germany, China, the United Kingdom, France, Thailand, Greece, Finland, Denmark, Sweden, Norway, Peru, Bulgaria, Poland, Turkey, Slovakia, Slovenia and Switzerland. In 2003, Panda Software reached Japan, Argentina, Korea and Australia. Panda Software competes in the antivirus industry against Symantec Corp., McAfee Inc. and Trend Micro Inc., among others.
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