Neoteris Sets Another SSL VPN Industry First With 1,000th Shipment Of Instant Virtual Extranet Secure Access Appliance
Georgia-Pacific Corporation, Lear Corporation, SCANA Corporation Among 600 Enterprise Customers Benefiting from Instant, Secure Access Delivered through Neoteris’ Industry-Leading SSL VPN
SUNNYVALE, Calif. – Oct. 27, 2003 – Neoteris*, Inc.1, the leading Application Security Gateway vendor with more than 600 enterprise customers worldwide, today announced that it has surpassed the 1,000th revenue shipment of Instant Virtual Extranet (IVE) appliances, further solidifying its leadership of the SSL VPN product category. Since delivering the industry’s first SSL VPN products in 2001, more than 600 enterprise customers have built their secure access infrastructure around the Neoteris IVE to deploy access to their enterprise information and resources, while protecting information from unauthorized access and malicious viruses and Trojans.
Some of Neoteris’ latest customers include Fortune 500 companies such as Georgia-Pacific Corporation, one of the world’s leading manufacturers of tissue, packaging, paper, building products, pulp and related chemicals; Lear Corporation, the world’s largest automotive interior systems supplier; and SCANA Corporation, a registered holding company engaged, through subsidiaries, in regulated electric and natural gas utility operations, telecommunications and other diversified energy-related businesses.
Eric Ogren, senior analyst of the Security Solutions & Services Group at the Yankee Group, said, “Given Neoteris’ customer success, it is obvious that they understand enterprise requirements for providing simple, cost-effective, secure remote access to applications. Neoteris is enthusiastically executing on its long-time vision, and continues to build upon its scalable access platform to enhance business productivity for many types of customers. Neoteris is the pioneer in the SSL VPN products market, and the latest release of their IVE appliance strengthens their leadership position.”
In 2001, Neoteris introduced the category of SSL VPN products that leverages the ubiquity of Web security (SSL) to provide controlled access to resources at the application layer. By utilizing the benefits of SSL embedded in all Web browsers, Neoteris created a highly secure, easy-to-use, cost-effective solution. Since then Neoteris has garnered exceptional customer demand, and industry analyst reports that have validated Neoteris’ leadership and highest market share. The Neoteris IVE platform is proven less expensive and less complex than IPSec remote access solutions, and more secure and robust than less mature SSL VPN products.
“Our award-winning IVE-based product families continue to stand out from the crowd, especially with their security certifications, broad application support, deep integration with the leading security products, and technology enhancements such as truly clientless wireless device support and access management features – all leading enterprises to select our solutions over other offerings,” said Krishna “Kittu” Kolluri, President and CEO of Neoteris. “Since the beginning of 2003 we have added more than 450 customers, which speaks for itself in terms of our market dominance, and which SSL VPN option enterprises are choosing. The IVE is the industry’s solution for any organization that needs to securely and efficiently connect employees and partners to network resources. We are seeing further success and rapid adoption as we continue to grow our markets and expand internationally as well.”
Numerous independent authorities have recognized Neoteris’ SSL VPN category leadership. For 1H’03, Gartner, Inc., listed Neoteris in the Leader Quadrant in its SSL VPN Magic Quadrant report2, while Frost & Sullivan awarded Neoteris the Market Leadership Award for garnering the SSL VPN industry’s leading market share in 1H’03 with 36 percent. In-Stat/MDR has also named Neoteris as the market share leader, with 34 percent of the 2002 global SSL VPN product revenue. In addition, Frost & Sullivan named Neoteris the Entrepreneurial Company of the Year Award for 2003. Neoteris has earned more than 12 industry awards in 2003 alone.
Neoteris Access Series Product Family
The Neoteris Access Series*, built upon the award-winning Neoteris Instant Virtual Extranet (IVE) platform, provides enterprise-class secure access to network resources for remote employees, customers, and partners. Contrary to traditional access technologies, there is no client software to install because Neoteris leverages SSL for secure, controlled access to resources via any Web browser. The Access appliances also eliminate the need to secure or harden servers, or make changes to existing infrastructure. The result is a more cost effective, secure access solution that is easy for customers to deploy and simple for end-users to operate.
Neoteris Access appliances provide application-layer access, stringent access controls, and granular auditing and reporting capabilities to further minimize IT headaches and security concerns. Additionally, the IVE platform offers enterprise-class high availability and performance scalability options, so secure access can be deployed on a wide scale without worrying about user downtime, lost productivity or network performance. Neoteris IVE appliances have passed rigorous security audits by TruSecure Corporation, Cryptography Research, Inc., and security and forensic computing expert Dan Farmer. The products have also won numerous awards as an innovative and compelling access solution, helping enterprises and schools increase efficiency and productivity.
Neoteris, Inc. is the market leader in the Application Security Gateway and SSL VPN product categories, with more than 600 enterprise customers worldwide. With its Instant Virtual Extranet platform, Neoteris delivers innovative, best-of-breed security products, including the award-winning Neoteris Access Series and the Neoteris Meeting Series* security appliances. Founded in May 2000, Neoteris is a privately held company backed by Jim Clark, The Barksdale Group, New Enterprise Associates, Battery Ventures, and individual investors. The company is headquartered in Sunnyvale, Calif., and has international offices in Japan, Korea, London, Frankfurt, and Hyderabad, India. It should be noted that on Oct. 6, NetScreen Technologies Inc. (NASDAQ: NSCN) announced that it had signed a definitive agreement to acquire Neoteris. Go to <