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October 07, 2003
Netscreen acquires Neoteris for $245MM
Neoteris is a market leader in the SSL-based VPN space which is projected to grow to $600MM by 2006 (Infonetics Research report). SSL-based VPNs offer a client-free solution to secure remote access by terminating http sessions over SSL at a centrally-located SSL-based VPN appliance. SSL-based VPN solutions are expected to grow to become the dominant mode for secure remote access, the primary advantage over IPSec being the "client-free" nature of the solution. IPSec is expected to continue to be used for secure site-to-site applications (such as connecting branch offices).
See the press release and Netscreen's audio webcast for more details. Via Taaza.
Posted by Narasimha Chari at 01:28 PM in ventures, Web/Tech | Permalink
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