NetScreen to Acquire Neoteris Inc

NetScreen Technologies Inc has acquired Neoteris Inc, the market leader in the SSL virtual private network (VPN) and promoted by NRIs, for approximately $245 million in stock and cash deal. The acquisition will expand NetScreen's product portfolio to include Neoteris' market leading "clientless" SSL VPN remote access solution that enables an enterprise remote user, telecommuter, or extranet partner to easily and securely access corporate resources via a standard Web browser.

NetScreen will also leverage Neoteris' technology and expertise to accelerate the integration of application-level security into the network infrastructure.