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
QTL
unknown
major player in $110 million anti virus market
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