On 30 July 2007, the company changed its name from Panda Software to Panda Security and Urizarbarrena was replaced by Jorge Dinares. The company, whose shares were previously 100% held by Mikel Urizarbarrena, announced on 24 April 2007, the sale of 75% of its shares to Southern European investment group Investindustrial and private equity firm Gala Capital. In November 2015 OPSWAT measured Panda Security's market share to be 3.6%. In 2005, Panda Security was the fourth largest antivirus vendor worldwide, with 3.2% of the marketplace. Panda Security employs around 458 people.

This includes security products and services for both businesses and home users, as well as protection tools for systems, networks, emails, and other private information. Panda Security's core offering is antivirus software and more recently has expanded into providing and developing cybersecurity software. Panda Security is a Spanish cybersecurity software company that specializes in creating products for IT security.

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