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Tuesday, May 30, 2023

Security Firm Buys German Franchise

IT security firm Panda Security acquired its franchise operations in Germany in a bid to expand into a strategic market and consolidate its European sales. The acquisition gives Glendale-based Panda seven subsidiaries on three continents Europe, North America and Asia. The German franchise has offices in Dusseldorf, Munich and Hamburg. The company will continue to purchase franchise operations in strategic location to maximize growth opportunities, said CEO Juan Santana.

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