Netscreen buys leading SSL VPN technology firm

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. 

Download this free guide

Infographic: How to future-proof UK technology

There is no doubt that the technology industry is booming right now, bringing with it exciting social and economic opportunities. However, there is a real fear that the UK industry may be stunted due to the lack of talent available. This e-guide helps to break down the future fears and expectations of dozens of business leaders and tech workers.

Start Download

• Corporate E-mail Address:

  You forgot to provide an Email Address.

  This email address doesn’t appear to be valid.

  This email address is already registered. Please login.

  You have exceeded the maximum character limit.

  Please provide a Corporate E-mail Address.

• • I agree to TechTarget’s Terms of Use, Privacy Policy, and the transfer of my information to the United States for processing to provide me with relevant information as described in our Privacy Policy.

  Please check the box if you want to proceed.

• • I agree to my information being processed by TechTarget and its Partners to contact me via phone, email, or other means regarding information relevant to my professional interests. I may unsubscribe at any time.

  Please check the box if you want to proceed.

By submitting my Email address I confirm that I have read and accepted the Terms of Use and Declaration of Consent.

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