To Become Major Player in $110million Aust.Anti-virus market
Document date: Tue 28 Jan 2003 Published: Tue 28 Jan 2003 12:28:13 Document No: 150992 Document part: A Market Flag: N Classification: Other QUADTEL LIMITED 2003-01-28 ASX-SIGNAL-G
HOMEX - Brisbane
+++++++++++++++++++++++++ Quadtel Ltd (ASX, QTL), announced today that it has signed an exclusive country partner agreement with Panda Software the leading European anti-virus software developer and manufacturer.
Panda Software (http://www.pandasoftware.com) is a leading international developer of anti-virus software for all types of customers: corporate clients (Panda Antivirus Appliance, Panda Antivirus Enterprise Suite, Panda PerimeterScan), small and medium sized companies (Panda Antivirus Small Business Edition), Businesses and Professionals (Panda Antivirus Platinum 7.0), and home users (Panda Antivirus Titanium). Its products have received awards and quality certifications from the most widely-respected IT security institutions.
Panda's presence stretches across the globe, with offices in more than 40 countries. Leading companies from all sectors have chosen Panda Software's antivirus; solutions. Companies like Boeing, Mercedes Benz, Panasonic, Telefonica International, Nokia, DHL or Pepsico; The European Union; governments in France, Spain, China and Sweden; throughout the world entrust the protection of their networks to Panda Software.
"Based on the idea "Think globally, act locally' we have managed to open a gap in all the strategic markets throughout the world", explains Jose' Maria Hernandez, VP International Expansion at Panda Software. "We cannot forget", he adds, "that Australia is a leading market and one of our priorities".
"This is an excellent partnership to kick off 2003 with," commented Bruce Ind, CEO of Quadtel Ltd. "The Australian anti-virus market is expected to generate $110m and we are ecstatic to be a major player in that. Quadtel will set up a 100% fully owned subsidiary dedicated to Panda Software's activities, implementing our republishing business model, which leads to far greater profitability for Quadtel. Initial sales into the channel will leverage on Quadtel's ISP and retail partners however, our business plan, co-written with Panda Software, has a clear map for successfully establishing our presence in the corporate and government sectors also."
Panda Software is currently the leading European anti-virus software developer which attained 28th Place for Growth Plus Europe 500 award. Their commitment to client service and the concept of the protection of computer systems as a 24h-365d Insurance Policy rather than merely a software product have revolutionized the computer security industry. The quality of Panda Software's products has been endorsed by major industry watchdogs including ICSA Labs and Checkmark.
In order to assist in the facilitation of the marketing and sales efforts required, Quadtel has placed 12,000,000 shares through their corporate advisers, London Partners, raising $120,000.
For Further information contact: Billy Cina David Ramsay P.R. & COMMUNICATIONS MANAGER CHAIRMAN OF THE BOARD Tel: +61 2 8852 4651. Mobile: +61 409 977 799 E-mail: [email protected] E-mail: [email protected] www.quadtel.com
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