The company has handed over 1 million US customers to Pango’s UltraAV, a cybersecurity company that specializes in providing endpoint protection solutions. This move comes after the U.S. government imposed a ban on Kaspersky Lab products, citing national security concerns. The decision to hand over customers to Pango’s UltraAV was made after careful consideration and evaluation of various options.

The deal is expected to create a new cybersecurity powerhouse, combining UltraAV’s expertise in endpoint security with Kaspersky’s global reach and brand recognition. This merger will likely result in a significant increase in market share for the combined entity, potentially challenging the dominance of established cybersecurity giants like CrowdStrike and Palo Alto Networks. The acquisition of UltraAV by Kaspersky is a strategic move by the latter to strengthen its position in the endpoint security market. Endpoint security refers to the security measures taken to protect devices like computers, laptops, and mobile phones from cyber threats.

This transition will be a gradual process, with users experiencing a seamless transition. The transition will be completed by the end of the year. The transition is being made to ensure that users have access to the latest security features and protection. This is a strategic move by Pango to ensure its products are always at the forefront of the cybersecurity landscape. The transition will also allow Pango to consolidate its security offerings and streamline its operations.

office. The company’s global reach was significantly impacted, with its presence in Europe, Asia, and the Middle East shrinking. Kaspersky’s global reach was significantly impacted by the sanctions, leading to a decline in revenue and a loss of market share. The company’s reputation was also damaged, with some customers questioning its commitment to cybersecurity. This situation has forced Kaspersky to adapt and evolve, leading to a shift in its business strategy.