Panda Software Bolsters U.S. Executive Team

Panda Software Bolsters U.S. Executive Team Welcomes Channel Veteran Louis DaRe GLENDALE, Calif., Jan. 18 /PRNewswire/ -- Louis DaRe has joined the executive team of Panda Software. Mr. DaRe joins their United States headquarters as Executive Vice President. Panda Software is a worldwide leaders in virus and intrusion prevention. In his new position, Mr. DaRe spearheads Panda Software's strategic direction as it quickly moves from a mixed model of direct and channel sales to a full embracement of the channel. Mr. DaRe has worked extensively with leading distributors, integrators and resellers throughout his career. Mr. DaRe has been involved in the software industry for over twenty years. In 1984 he joined Government Technology Services, Inc. a major reseller and system integrator for the US government market. During his tenure at GTSI, Mr. DaRe was Vice President and eventually General Manager. Annual sales grew from $10 million to over $300 million under his direction. "The software market in the US is clearly channel driven. Having worked closely with the major distributors and resellers for the past fifteen plus years, I am looking forward to advancing Panda's activities in the channel. My goal is to make Panda the industry leader in embracing and rewarding the channel for their initiative and sales growth," said Louis DaRe. Most recently, he served eight years as Vice President of Sales at Executive Software International. There he helped to expand their sales in the U.S. and internationally and was instrumental in moving them from their past direct sales model to one that supports the channel. "Lou brings Panda Software the key ingredients we have been looking for to further our expansion and growth. Panda Software U.S. grew more than 100% in 2004, with Lou's experience in the channel we will see even greater expansion in 2005 thanks to our partners. His 20 years of experience and success in software sales and channel management will greatly assist us in both our strategic planning and, most importantly, with its execution," said Sarita Stachelrodt, General Manager of Panda Software U.S. About Panda Software: Panda Software (http://www.pandasoftware.com/), 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: Alan Wallace pr@pandasecurity.com (818) 543-6909 Source: Panda Software CONTACT: Alan Wallace of Panda Software, +1-818-543-6909, pr@pandasecurity.com Web site: http://www.pandasoftware.com/ ------- Profile: International Entertainment