NetScreen Technologies has acquired Neoteris, a leader in Secure Sockets Layer (SSL) virtual private network technology.
The acquisition will cost NetScreen $245m (£146m) in stock and $20m (£12m) in cash. The deal is expected to close by the end of the year.
Neoteris has 36% of market share in the first half of 2003 for the SSSL VPN technology sector, making it the top supplier, according to research by Frost & Sullivan. Neoteris has more than 550 enterprise customers.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
Infonetics Research said it expected the market to exceed $600m in sales by 2006.
F5 Networks has also announced its FirePass Controller, an SSL VPN which the company is marketing as a result of its acquisition of uRoam in July. This is Version 4.0 of FirePass Controller, but the first under F5 ownership.
The rack-mounted unit is available now, and prices start at less than $10,000 (£5,964).
Matt Hamblen writes for Computerworld