Panda Software has received the Prince Felipe Award for Business Excellence, in the internationalization category, from a total of 118 candidates, 16 of which were in this category.
The Prince of Asturias presented these awards to the winning companies, highlighting that “their initiative and effort have made them worthy winners, as all of them contribute to the development of Spain and the prosperity of all Spaniards”. The Prince went on to commend “the professional capacity and attitude of all of them to advance and develop a competitiveness that displays increasing solidarity and responsibility”.
The Jury of the Prince Felipe Award for Business Excellence has awarded Panda this in recognition of: “excellent management of financial resources, which has enabled its solid growth. As well as its innovation, development and technology applied to security software and wide international implementation through the implementation of an original and successful expansion model which will no doubt serve as an example to other companies.” The jury in this category was led by Jos? Mar?a Cuevas, President of the CEOE, and included as secretary, Rafael M?rquez Osorio, Assistant Director of the Industrial Products Foreign Trade Dept.
The success of Panda Software is firmly based on its innovation:
Innovation in the creation and excellence of customer services: Panda was the first company on the world market to offer 24-hour telephone tech support 365 days a year, along with a system of daily automatic updates to its antivirus.
Innovation in its internationalization strategy: Panda Software has set up exclusive distribution agreements with local partners in each country, offering not just its products and services, but also business know-how relating to the IT security and antivirus market and marketing and public relations support and expertise. The local partners in turn provide the necessary investment and a business plan designed to ensure the success of the enterprise.
Technology leader: Panda Software has an RD&i center comprising 200 highly qualified professionals, and is one the best of its kind in Europe. The company also dedicates 30 percent of revenue to RD&i. Thanks to this commitment to research, Panda Software has recently launched the new TruPrevent Technologies, firmly placing the company in the vanguard of preventive security technology.
Jos? Montilla, the Minister for Industry, Tourism and Commerce, indicated that “the internationalization process is necessary for our companies, and is an inevitable challenge in which their future will be conditioned by quality, design, innovation and technology”.
Jose Maria Hernandez, VP International Expansion at Panda Software, remarked: “This award is recognition of the effort made since 1996, when we first decided to launch into international markets. I would encourage other Spanish entrepreneurs to follow our lead, as experience has shown us that you don’t need money to grow, just creativity, the unconditional support of our clients, local partners and the teams in each country and, needless to say, a great product.”
Some of the key factors behind Panda Software’s international success include:
– Since 1996, the company’s average annual turnover increase has been 65 percent.
– According to Europe Unlimited’s Lexmark Fast 50 classification, Panda Software is the fifth fastest-growing company in Europe with a growth rate of 1,218 percent over the last five years.
About the Prince Felipe Award for Business Excellence
These awards have been organized annually by the Spanish Ministry for Industry Tourism and Commerce since 1993 in recognition of the advances made by Spanish companies in terms of competitiveness. The initiative behind the awards was supported from the very beginning by His Royal Highness the Prince of Asturias, and they are now consolidated as the most prestigious awards of their kind in Spain to reward the work and business initiative of companies. The awards themselves are highly regarded as impartial and objective due to the independence and neutrality of the jury.
Candidates for the awards
Total number of companies: 97.
Total number of candidates: 118.
By category: Industrial Quality: 15; Design: 23; Tourist Business: 4; Renewable Energy and Energy Efficiency: 4; Technological Innovation: 27; Internationalization: 16; Top Brands: 16; Information Technology and Security and Communications: 13.
About Panda Software
Panda Software is one of the world’s leading developers of IT security solutions, with offices in 50 countries. It is an established pacesetter for the sector in innovation and expansion and is unequalled in terms of satisfying customers’ needs for the most advanced technologies, products and services to keep IT resources free from viruses and other threats at the lowest possible Total Cost of Ownership. The company’s unique TruPrevent Technologies, the most intelligent technologies to combat unknown viruses and intruders, offer unrivalled preventive protection for all types of clients: from the largest corporations through small and medium-sized companies to home users.