NetScreen to Acquire Neoteris
Neoteris is one of the leaders of the growing SSL virtual private network market.Security appliance vendor NetScreen Technologies Inc. on Monday announced that it has agreed to acquire Neoteris Inc. for $265 million. The move signals NetScreens intention to expand its product portfolio and become a more diversified company. Neoteris is one of the leaders of the growing SSL virtual private network market. The companys flagship product is its clientless SSL VPN, which enables companies to provide secure remote access to their networks, partners, customers and others without having to deploy a VPN client. NetScreen officials said the VPN product would be a good complement to NetScreens existing line of appliances. The boxes currently can include a variety of security functionality, such as firewall, IPSec VPN, denial-of-service protection and intrusion prevention. As part of the acquisition, all of Neoteris 160 employees will join NetScreen, and Krishna Kolluri, Neoteris CEO, will become general manager of the SSL VPN business at NetScreen.
"I believe this move can help increase customer adoption of SSL VPNs," Kolluri said.