Security Platforms/Tools

Juniper Bids Big VPN Bonus

There's no doubt that Juniper Networks Inc. (Nasdaq: JNPR) is serious about its SSL VPN products. Thanks to its NetScreen Intrusion Detection and Prevention (IDP) products, the company has achieved some remarkable market share gains in the past 12 months (see Juniper Touts Lead in Security Markets).

But there's still work to do and, according to the company's latest filing with the Securities and Exchange Commission (SEC), Juniper is dangling more than half a million bucks in bonus money for what could be completion of a new SSL VPN product.

On Aug. 4, the filing states, Juniper "approved a bonus program for certain employees, including Mr. Krishna Kolluri" that is payable in October 2006 and contingent on "objectives relating to Juniper Networks’ SSL VPN products."

"Mr. Kolluri could receive up to $677,683 pursuant to this bonus program," the filing states.

Wow. That could buy a house. Even in Silicon Valley.

Krishna "Kittu" Kolluri is the executive VP and general manager of Juniper's Security Products Group. He was the president and CEO of Neoteris, which NetScreen Technologies acquired prior to its own acquisition by Juniper (see NetScreen Snags SSL Leader and Juniper Buys NetScreen). Prior to that, Kolluri turned his head, coughed, and founded WebMD.

Juniper declined to comment on the filing.

— Phil Harvey, News Editor, Light Reading

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