NetScreen completes acquisition of OneSecure for $40.1M, will begin selling OneSecure's Intrusion Detection and Prevention (IDP) solution

September 20, 2002

1 Min Read

SUNNYVALE, Calif. -- NetScreen Technologies, Inc. NSCN, today announced that it has completed its acquisition of OneSecure, Inc., developers of an innovative intrusion prevention and detection solution. The transaction, originally announced August 22, 2002, was completed for approximately $40.1 million in NetScreen stock and the assumption of OneSecure's outstanding options. NetScreen will begin immediately to sell OneSecure's Intrusion Detection and Prevention (IDP) solution as the NetScreen-IDP 100 appliance, providing customers the industry's first device to accurately detect and then prevent attacks in a single solution. Initial availability of the NetScreen-IDP 100 will be in the U.S., Canada and selected countries within Europe and Asia. "OneSecure provides key technologies that allow NetScreen to stay ahead of the competition," said Robert Thomas, president and CEO of NetScreen. "Our goal is to make intrusion prevention technology pervasive by leveraging OneSecure technology across the NetScreen product line and, longer term, in a new integrated security gateway." NetScreen plans to integrate a subset of the core intrusion prevention and detection technology into its award-winning line of integrated security systems and appliances and integrate the two companies security management platforms in the first half of 2003. NetScreen also plans to enhance the IDP line, and drive the development of a new integrated security gateway, which will set a new standard for network security. NetScreen Technologies Inc.

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