Neoteris Earns Entrepreneurial Company Of The Year Award From Frost & Sullivan
Frost & Sullivan Credits Neoteris with Category Leadership, Revolutionary Network Security Products, and a Growing Enterprise Customer Base
MOUNTAIN VIEW, Calif. – Jan. 16, 2003 – Neoteris, the leading provider of instant virtual extranet (IVE) products, today announced it has been named the 2002 Network Security Entrepreneurial Company of the Year by industry analyst firm Frost & Sullivan.
According to Frost & Sullivan, “Neoteris has earned the Network Security Entrepreneurial Company of the Year Award by demonstrating superior entrepreneurial ability in identifying a unique and revolutionary product solution with significant market potential. Neoteris has built a strong customer base and effective technology and reseller partnerships. Its IVE technology uniquely meets today’s demands for secure, browser-based remote network access.”
“Even in the midst of an extremely challenging economic environment, Neoteris has built an efficient solution to address the critical need of provisioning cost-effective secure access, gaining significant traction in the network security space,” said Jason Wright, Security Technologies analyst for Frost & Sullivan. “Neoteris has effectively established distribution channels and key partnerships, and successfully rolled out solutions to numerous large customers within the past year.”
Announced earlier this week, Neoteris has secured 150 enterprise customers since introducing the IVE product category to the market in November 2001, despite the broader technology industry recession. Neoteris has acquired a growing list of some of the largest enterprise customers from a variety of industries that are realizing significant cost-saving benefits from the IVE secure access platform. Of its 150 customers, 25 percent are Fortune 1000 or Global 500 companies, including five of the top 25 global financial institutions. Cutting-edge hospitals and healthcare organizations are using Neoteris’ IVE to assist with Health Insurance Portability and Accountability Act (HIPAA) compliance, and state and local government organizations have found Neoteris’ solution aids in compliance with federal statutes and initiatives, as well as the shift toward e-Government. Top law firms, media companies, and manufacturers round out the growing Neoteris customer list.
“We are pleased to accept the prestigious Entrepreneurial Company of the Year Award from Frost & Sullivan, a leading enterprise research firm,” said Neoteris President and CEO Krishna “Kittu” Kolluri. “Since our beginning, Neoteris has pioneered a vision of leveraging the Internet to allow ubiquitous, secure access to enterprise resources. By embracing this vision, the industry continues to validate our efforts. Neoteris will continue to lead the industry in realizing this mission through technical innovation, and superior security and functionality.”
Neoteris IVE Secure Access Appliances
The Neoteris Access* Series provides enterprise-class secure access to network resources for remote employees, customers, and partners. Contrary to other access technologies, there is no client software to install because Neoteris leverages Secure Sockets Layer (SSL) for secure, controlled access to resources via any Web browser. The result is a more cost-effective, secure access solution that is easy for enterprises to deploy and simple for end-users to operate. Neoteris IVE appliances offer application-layer access, robust access controls, and sophisticated auditing capabilities to further minimize IT headaches and security concerns. The Neoteris IVE has passed rigorous security audits by TruSecure Corporation, Cryptography Research, Inc., and security and forensic computing expert Dan Farmer. The product has also won numerous awards for creating an innovative and compelling access solution, helping enterprises increase efficiency and productivity.
About Frost & Sullivan
Founded in 1961, Frost & Sullivan is recognized as a global leader in strategic market training and growth consulting. Frost & Sullivan presents Market Engineering Awards to companies that demonstrate excellence in their industry, commending the diligence, commitment, and innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine Market Engineering Award recipients in a vast variety of market industries and landscapes. For further information, visit
Neoteris, Inc., is the industry leader in the instant virtual extranet (IVE) category of products, delivering revolutionary security appliances that enable instant secure access to network information from any Internet Web browser for employees, customers and corporate partners. Founded in May 2000, Neoteris is a privately held company backed by Jim Clark, New Enterprise Associates, The Barksdale Group and individual investors. The company is headquartered in Mountain View, Calif., and has international offices in London and Hyderabad, India. Go to http://www.neoteris.com for more information.