Simple Access Becomes Shiva

Simple Access acquires Intel Network Systems, renames company 'Shiva Corporation'

November 11, 2002

1 Min Read

NEWTON, Mass. and MONTREAL -- Simple Access Inc. today announced that it has acquired Intel Network Systems (formerly Shiva Corporation) from Intel Corporation and will rename itself Shiva Corporation. Financial terms of the transaction were not disclosed. As a part of the transaction, Simple Access has opened a development facility in Toronto, and Intel Capital, Intel’s corporate venture arm, will hold an equity position in Simple Access. Simple Access will integrate the acquired virtual private networking (VPN) products in its new Shiva business with its existing broadband, firewall, and secure socket layer (SSL) business to bring innovative security solutions to market.“Shiva pioneered the remote access revolution and its evolution toward virtual private networking,” said Pierre McMaster, CEO of Shiva Corporation. “We will build on this technical and award-winning product leadership with secure, easy-to-use and deploy solutions that allow businesses to securely leverage the Internet to increase revenues and lower operating costs.”Shiva Corporation’s focus reflects the growth of the “extended enterprise.” More and more businesses are using the Internet to conduct business - from e-commerce to collaboration with suppliers, partners, customers and employees - increasing the need for technologies that capitalize on the ubiquity of the Internet while protecting vital network resources from internal or external security breaches. Formed by an experienced management team with significant technology industry expertise, Simple Access was created in December 2001 and is privately financed.Shiva Corp.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like