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NetScreen wraps up Neoteris acquisition

Tech Industry

Network security provider NetScreen announced on Monday that it finished its acquisition of secure networking company Neoteris. The transaction will result in NetScreen issuing almost 11 million shares of common stock and $20 million in cash.

NetScreen plans to sell devices made by Neoteris, a major seller of virtual private networks (VPNs) based on Secure Sockets Layer (SSL) encryption technology, through its normal resellers and will add its SSL VPN capabilities to its own products.

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