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Panda Software (UK) Announces Appointment of Managing Director

Added: (Wed Feb 11 2004)

CAMBRIDGE, 11th February 2004

Leading antivirus developer Panda Software (UK) Ltd. today announced the appointment of Ian Hale as Managing Director. Ian Hale has also been named as a director of Formjet Plc, the new holding company of Panda following last months MBO.

Hale has extensive global experience in the development of partnerships within the distributor and reseller channels as well as in the management and expansion of OEM and Strategic Alliance partners. He has worked within the anti-virus industry for the last 15 years holding positions with Dr Solomon’s and Trend Micro. Both of these companies subsequently become major global brands and attracted merger bids from competitors; Network Associates Inc. and Intel Corporation.

Ian Hale comments: "I have been aware of Panda since my days at Dr Solomons and I have monitored the growth of Panda and the advancement of it's leading edge technology over the past decade with increasing interest. I am looking forward to taking up my new role at Panda as I believe the company's business model and its dedication to its channel partners provide the key to the company's competitive advantage. Panda is well positioned to reach new levels of achievement in the UK as it recognises the growth of the industry through outsourced and managed service providers."

Lyndon Chapman, chairman of Formjet stated, "We fully expect Ian to provide the Panda UK team with the leadership and direction necessary to drive the business forward and further improve and expand business operations. We recognise the value that our channel partners provide for our products and to our customers and we are confident that Ian has the experience and knowledge to take the company to the next level."

About Panda Software

Panda Software (http://www.pandasoftware.co.uk), a world leader in virus and intrusion prevention, offers unrivalled proactive security solutions for all types of users, from the largest corporations through small and medium-sized companies to home users. Its corporate products offer hassle-free automatic and centralized administration and provide network-wide protection, via multi-layer security technology, to ensure uniform protection across the enterprise, from remote users and workstations to mail gateways and internal and perimeter servers. Panda Software’s solutions have received awards and quality certifications from the sector’s most widely-respected organizations, including ICSA Labs and Checkmark and its commitment to customer service, innovative products, and the pioneering concept of 24h-365d tech support have revolutionized the IT security industry.

For more information:
Julie Crosby
jcrosby@pandasoftware.co.uk
T. +44 (0)870 444 5640

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